Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.027%

Price spread now: Binance against Coinbase International+0.291%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$310.305% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.449%−$45 on $10k

Price spread, last 2 days (all we have)−0.548%−$55 · spread now +0.291%, 7d avg −0.008%

Together, before fees−0.997%−$100 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.299% dearer against Coinbase International than usual: you sell high and buy low (spread +0.291% now, against its 7-day average of −0.008%): +$30 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	257.50	0.0136	pay 0.0017% / 1h	20m 12s	$317K	$890K	10x
Short	Binance MRVLUSDT	258.25	0	get 0.0000% / 8h	1h 20m	$24.1M	$114.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.291%Rate

Funding earned: −$28.56
Price spread: +0.291% → −0.008%: $29.91
Slippage, 4 orders: −$10.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$29.19
Costs to cover: 0.305%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 63 min ago; Binance: live order book, 8 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 Coinbase International live order book, 63 min ago	3.11 bp	8.1 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.19 bp	6.3 bp −$6	12.7 bp −$127	57.2 bp −$5,717	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
Nado MRVL-PERP	−0.0028%	1h	258.18	+0.262%	$74K	$309K	10x	as long as short
BloFin MRVL-USDT	−0.0015%	8h	258.25	+0.291%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.90	+0.156%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	258.20	+0.272%	$44K	$190K	10x	as long as short
Binance MRVLUSDTshort	0.0000%	8h	258.25	+0.291%	$24.1M	$114.6M	50x
Bybit MRVLUSDT	0.0000%	8h	258.16	+0.256%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.25	+0.291%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.27	+0.299%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	258.23	+0.283%	$5.6M	$16.5M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	258.28	+0.304%	$712K	$759K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	258.57	+0.416%	$618	$238K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	258.23	+0.283%	$2K	$6.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	258.20	+0.272%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.24	+0.287%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	258.26	+0.293%	$599	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	258.28	+0.303%	$92K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.06	+0.217%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.55	+0.408%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.15	+0.252%	$14.6M	$9.5M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.20	+0.272%	$238	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.08	+0.225%	$590K	$939K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0059%	8h	258.21	+0.275%	—	—	5x	as long as short
Polymarket Perps MRVL-USD	+0.0062%	1h	258.40	+0.350%	$107K	$68K	10x	as long as short
QFEX MRVL-USD	+0.0064%	1h	258.18	+0.264%	$1.1M	$4.3M	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.36	+0.334%	$511K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.11	+0.237%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.22	+0.280%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.24	+0.287%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0136%	1h	257.50	long leg	$317K	$890K	10x
edgeX MRVLUSDC	+0.0162%	4h	258.57	+0.417%	$36K	$367K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	258.46	+0.373%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.10	+1.398%	$11K	$611	12x	as long as short