Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0327%/8h= −35.8% APRpaid last 24h −0.066%

Price spread now: Bitget against Coinbase International+0.126%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.359%−$36 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.126%, 7d avg +0.002%

Together, before fees−0.432%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.124% dearer against Coinbase International than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.002%): +$12 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	254.00	0.0072	pay 0.0009% / 1h	3m 42s	$325K	$617K	10x
Short	Bitget MRVLUSDT	254.32	−0.0255	pay 0.0255% / 8h	7h 03m	$5.4M	$18.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.126%Rate

Funding earned: −$68.67
Price spread: +0.126% → +0.002%: $12.37
Slippage, 4 orders: −$25.32
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$103.62
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 30 min ago; Bitget: live order book, 5 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, 30 min ago	8.16 bp	13.2 bp −$13	16.5 bp −$165	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.77 bp	10.5 bp −$10	14.8 bp −$148	42.2 bp −$4,218	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
Bitget MRVLUSDTshort	−0.0255%	8h	254.32	+0.126%	$5.4M	$18.2M	20x
Aster MRVLUSDT	0.0000%	8h	254.39	+0.154%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.28	+0.112%	$46K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.35	+0.138%	$23.3M	$118.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.22	+0.087%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.32	+0.126%	$6.8M	$25.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.44	+0.173%	$5.0M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.30	+0.119%	$711K	$460K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.41	+0.162%	$422	$182K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.32	+0.126%	$2K	$5.6M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.35	+0.138%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.33	+0.130%	$131K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	254.51	+0.201%	$367K	$200K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	253.98	−0.007%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	254.26	+0.102%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.39	+0.154%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.06	+0.024%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.45	+0.177%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.32	+0.126%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.03	+0.012%	$99K	$76K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.19	+0.075%	$541K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.24	+0.096%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0066%	1h	254.25	+0.099%	$87K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0072%	1h	254.00	long leg	$325K	$617K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	254.16	+0.063%	$502K	$149K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.10	+0.039%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.44	+0.173%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.38	+0.148%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.77	−0.091%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.035%	$11K	$845	12x	as long as short
SoDEX MRVL-USD	+0.0338%	1h	254.36	+0.142%	$163	$15K	10x	as long as short
edgeX MRVLUSDC	+0.0601%	4h	254.40	+0.159%	$36K	$374K	10x	as long as short