Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.034%

Price spread now: Coinbase International against Binance+0.053%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.434%+$43 on $10k

Price spread, last 2 days (all we have)+0.078%+$8 · spread now +0.053%, 7d avg −0.016%

Together, before fees+0.513%+$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.069% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.016%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.434%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	260.53	0.0101	pay 0.0101% / 8h	6h 47m	$24.2M	$111.6M	50x
Short	Coinbase International MRVL-PERP-INTX	260.67	0.0008	get 0.0001% / 1h	47m 58s	$335K	$655K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$19.49
Price spread: +0.053% → −0.016%: $6.89
Slippage, 4 orders: −$7.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$39.96
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Coinbase International: live order book, 20 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 10 min ago	0.19 bp	6.5 bp −$7	12.6 bp −$126	49.0 bp −$4,899	doesn't fit
Sell Coinbase International live order book, 20 min ago	0.19 bp	7.6 bp −$8	12.1 bp −$121	doesn't fit	doesn't fit

MRVL on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	−0.0249%	1h	260.42	−0.043%	$23K	$143K	10x	as long as short
BloFin MRVL-USDT	−0.0023%	8h	260.60	+0.026%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.62	+0.035%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.51	−0.009%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.45	−0.032%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.51	−0.009%	$5.6M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.77	+0.091%	$1K	$6.5M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.63	+0.037%	$132K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0008%	1h	260.67	+0.053%	$335K	$655K	10x
Aftermath Perps MRVLUSD	+0.0012%	1h	260.66	+0.048%	$885	$51K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0023%	1h	260.49	−0.016%	$1.1M	$3.9M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.54	+0.003%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.50	−0.013%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.91	+0.145%	—	$43K	25x	as long as short
Variational Omni MRVL	+0.0048%	8h	260.71	+0.068%	$724K	$763K	—	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.42	−0.043%	$14.7M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.44	−0.036%	$104K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.49	−0.016%	$94	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.57	+0.014%	$567K	$750K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.59	+0.022%	—	—	5x	as long as short
GRVT MRVL_USDT_Perp	+0.0086%	8h	260.91	+0.144%	$1K	$198K	10x	as long as short
Nado MRVL-PERP	+0.0088%	1h	260.61	+0.031%	$89K	$319K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.70	+0.064%	$515K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.79	+0.099%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.54	+0.003%	$2K	$3K	10x	as long as short
Binance MRVLUSDTlong	+0.0101%	8h	260.53	long leg	$24.2M	$111.6M	50x
Extended MRVL-USD	+0.0104%	1h	260.45	−0.030%	$47K	$350K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.48	−0.020%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.98	+0.172%	$11K	$12K	10x	as long as short
Bitget MRVLUSDT	+0.0171%	8h	260.49	−0.016%	$5.5M	$16.3M	20x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.90	+1.292%	$11K	$672	12x	as long as short
edgeX MRVLUSDC	+0.0849%	4h	260.78	+0.094%	$37K	$370K	10x	as long as short