Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.015%

Price spread now: GRVT against Coinbase International−0.133%76s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.466% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.410%−$41 on $10k

Price spread, last 4 days (all we have)+0.390%+$39 · spread now −0.133%, 7d avg −0.005%

Together, before fees−0.019%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.128% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.005%). Swap the legs. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	254.65	0.0128	pay 0.0016% / 1h	55m 43s	$325K	$620K	10x
Short	GRVT MRVL_USDT_Perp	254.31	0	get 0.0000% / 8h	6h 55m	$422	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.133%Rate

Funding earned: −$26.88
Price spread: −0.133% → −0.005%: −$12.79
Slippage, 4 orders: −$27.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$86.23
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 38 min ago; GRVT: live order book, 37 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, 38 min ago	8.16 bp	13.2 bp −$13	16.5 bp −$165	doesn't fit	doesn't fit
Sell GRVT live order book, 37 min ago	1.39 bp	8.9 bp −$9	19.0 bp −$190	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	−0.0201%	8h	254.12	−0.208%	$5.4M	$18.2M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	−0.102%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.59	−0.022%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.39	−0.102%	$23.3M	$118.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.32	−0.130%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.32	−0.130%	$6.8M	$25.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.54	−0.043%	$4.9M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.68	+0.010%	$712K	$460K	—	as long as short
GRVT MRVL_USDT_Perpshort	0.0000%	8h	254.31	−0.133%	$422	$182K	10x
SunX MRVL-USDT	0.0000%	8h	254.74	+0.035%	$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
HTX MRVL-USDT	0.0000%	8h	254.78	+0.051%	$131K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	254.56	−0.035%	$368K	$202K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	254.41	−0.096%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0031%	1h	254.74	+0.035%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.47	−0.071%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.99	−0.259%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.89	+0.094%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.33	−0.126%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.71	+0.024%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.65	0.000%	$158	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.55	−0.039%	$542K	$862K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.31	−0.132%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.58	−0.027%	$504K	$159K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.42	−0.090%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.69	+0.016%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.54	−0.045%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0128%	1h	254.65	long leg	$325K	$620K	10x
Nado MRVL-PERP	+0.0134%	1h	254.63	−0.007%	$87K	$276K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.32	−0.130%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.778%	$11K	$832	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0221%	1h	254.81	+0.063%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0936%	4h	254.55	−0.037%	$36K	$373K	10x	as long as short