Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.022%

Price spread now: Gate against Coinbase International−0.164%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.710%−$71 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.164%, 7d avg −0.007%

Together, before fees−0.635%−$63 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.157% cheaper against Coinbase International than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	255.99	−0.0008	get 0.0001% / 1h	39m 17s	$336K	$654K	10x
Short	Gate MRVL_USDT	255.57	0	get 0.0000% / 8h	39m 17s	$5.2M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.164%Rate

Funding earned: $1.68
Price spread: −0.164% → −0.007%: −$15.75
Slippage, 4 orders: −$22.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$61.42
Costs to cover: 0.474%
Break-even: 262.9 days

Slippage from Coinbase International: live order book, 64 min ago; Gate: live order book, 4 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, 64 min ago	4.32 bp	9.3 bp −$9	14.0 bp −$140	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.96 bp	12.2 bp −$12	25.9 bp −$259	48.3 bp −$4,828	83.7 bp −$41.8K

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	−0.0545%	8h	255.68	−0.121%	$5.5M	$17.2M	20x	as long as short
Deribit MRVL_USDC-PERPETUAL	−0.0024%	1h	255.47	−0.203%	$22K	$145K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	−0.0008%	1h	255.99	long leg	$336K	$654K	10x
Aster MRVLUSDT	0.0000%	8h	255.60	−0.154%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.49	−0.195%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.55	−0.172%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.47	−0.203%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.51	−0.188%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	255.57	−0.164%	$5.2M	$8.6M	50x
Variational Omni MRVL	0.0000%	8h	255.83	−0.064%	$716K	$468K	—	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	255.81	−0.068%	$391	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.57	−0.164%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.51	−0.188%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	255.56	−0.168%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.51	−0.189%	$701	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.47	−0.203%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.55	−0.172%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.44	−0.215%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.80	−0.074%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.41	−0.227%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.38	−0.238%	$99K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.51	−0.188%	$210	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.73	−0.102%	$534K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	255.49	−0.193%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0076%	1h	255.55	−0.171%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.66	−0.129%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	−0.098%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.56	−0.168%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.51	−0.189%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.88	−0.043%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+0.891%	$11K	$825	12x	as long as short
edgeX MRVLUSDC	+0.0496%	4h	255.82	−0.068%	$36K	$373K	10x	as long as short