Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: Bybit against Coinbase International+0.919%7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs+$56as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.471%−$47 on $10k

Price spread, last 4 days (all we have)−1.023%−$102 · spread now +0.919%, 7d avg −0.061%

Together, before fees−1.494%−$149 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.980% dearer against Coinbase International than usual: you sell high and buy low (spread +0.919% now, against its 7-day average of −0.061%): +$98 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 7 days (−0.471% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	253.60	0.0096	pay 0.0012% / 1h	12m 03s	$318K	$634K	10x
Short	Bybit MRVLUSDT	255.93	0	get 0.0000% / 8h	2h 12m	$5.0M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.919%Rate

Funding earned: −$20.16
Price spread: +0.919% → −0.061%: $97.99
Slippage, 4 orders: −$21.15
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $35.69
Costs to cover: 0.421%
Break-even: from the start

Slippage from Coinbase International: live order book, 36 min ago; Bybit: live order book, 1 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, 36 min ago	4.88 bp	10.3 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.76 bp	10.8 bp −$11	26.0 bp −$260	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
Bitget MRVLUSDT	−0.0889%	8h	256.15	+1.006%	$5.6M	$16.9M	20x	as long as short
BloFin MRVL-USDT	−0.0005%	8h	255.53	+0.761%	$363K	$181K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.58	+0.779%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.08	+0.977%	$46K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.05	+0.965%	$23.6M	$112.1M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	255.93	+0.919%	$5.0M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	256.10	+0.986%	$6.8M	$23.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.02	+0.954%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.80	+0.474%	$707K	$487K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.92	+0.521%	$645	$191K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.85	+0.887%	$1K	$6.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	+0.733%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.02	+0.562%	$592	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	255.77	+0.856%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.81	+0.871%	$89K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.06	+0.576%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.92	+0.915%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.95	+0.927%	$14.1M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.66	+0.812%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.76	+0.852%	$174	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.13	+0.603%	$561K	$751K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	255.75	+0.846%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0090%	1h	255.65	+0.809%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0096%	1h	253.60	long leg	$318K	$634K	10x
ApeX Omni MRVLUSDT	+0.0100%	1h	255.02	+0.560%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.72	+0.836%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.65	+0.810%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0106%	8h	255.69	+0.824%	$505K	$64K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	255.58	+0.781%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0219%	1h	255.85	+0.887%	$22K	$144K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.987%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0749%	4h	254.79	+0.471%	$36K	$375K	10x	as long as short