Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.029%

Price spread now: Coinbase International against Bitget−0.490%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 4 days (all we have)+0.523%+$52 · spread now −0.490%, 7d avg +0.017%

Together, before fees+0.854%+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.507% cheaper against Bitget than usual: you would sell low and buy high (spread −0.490% now, against its 7-day average of +0.017%). If the spread goes back, that is −$51 on $10k: about 26 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.330% in total) that is about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	261.12	0	get 0.0000% / 8h	4h 42m	$5.6M	$16.0M	20x
Short	Coinbase International MRVL-PERP-INTX	259.84	0.0064	get 0.0008% / 1h	42m 57s	$334K	$629K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.490%Rate

Funding earned: $13.44
Price spread: −0.490% → +0.017%: −$50.7
Slippage, 4 orders: −$14.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$74.02
Costs to cover: 0.368%
Break-even: 45.6 days

Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 15 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 Bitget live order book, 1 min ago	0.96 bp	8.8 bp −$9	13.7 bp −$137	24.1 bp −$2,407	doesn't fit
Sell Coinbase International live order book, 15 min ago	0.19 bp	8.1 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
Aster MRVLUSDT	0.0000%	8h	261.10	−0.006%	$314K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.07	−0.019%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.09	−0.011%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.13	+0.004%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	261.12	long leg	$5.6M	$16.0M	20x
Variational Omni MRVL	0.0000%	8h	260.84	−0.108%	$718K	$643K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.90	−0.085%	$595	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.23	+0.042%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.10	−0.008%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.04	−0.031%	$132K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0007%	8h	261.09	−0.011%	$376K	$172K	50x	as long as short
Extended MRVL-USD	+0.0008%	1h	261.02	−0.037%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0010%	8h	261.10	−0.008%	$24.3M	$107.7M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.87	−0.094%	$677	$50K	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.12	0.000%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	261.16	+0.015%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.72	−0.153%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.56	+0.169%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.01	−0.042%	$14.6M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.00	−0.046%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.08	−0.015%	$115	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.74	−0.146%	$576K	$680K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.15	+0.010%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0064%	1h	259.84	−0.490%	$334K	$629K	10x
Nado MRVL-PERP	+0.0092%	1h	261.07	−0.019%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.10	−0.008%	$516K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.01	−0.042%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.12	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.08	−0.014%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.92	−0.077%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+0.984%	$11K	$700	12x	as long as short
edgeX MRVLUSDC	+0.0293%	4h	260.89	−0.089%	$37K	$373K	10x	as long as short