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: OKX against Coinbase International+0.239%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

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

costs, in and out, $10k−$340.339% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 4 days (all we have)−0.310%−$31 · spread now +0.239%, 7d avg −0.028%

Together, before fees−0.742%−$74 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: OKX is 0.268% dearer against Coinbase International than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	254.76	−0.0008	get 0.0001% / 1h	13m 33s	$334K	$651K	10x
Short	OKX MRVL-USDT-SWAP	255.37	0	get 0.0000% / 8h	13m 33s	$6.8M	$24.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.239%Rate

Funding earned: $1.68
Price spread: +0.239% → −0.028%: $26.79
Slippage, 4 orders: −$13.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.46
Costs to cover: 0.339%
Break-even: 29.8 days

Slippage from Coinbase International: live order book, 25 min ago; OKX: 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, 25 min ago	3.72 bp	8.7 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.39 bp	8.1 bp −$8	16.0 bp −$160	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	−0.0528%	8h	255.49	+0.287%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTXlong	−0.0008%	1h	254.76	long leg	$334K	$651K	10x
Aster MRVLUSDT	0.0000%	8h	255.38	+0.242%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.30	+0.211%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.48	+0.281%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.27	+0.200%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	255.37	+0.239%	$6.8M	$24.6M	50x
Gate MRVL_USDT	0.0000%	8h	255.38	+0.243%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.08	+0.124%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.16	+0.156%	$977	$189K	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	255.35	+0.232%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.12	+0.141%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0017%	8h	255.18	+0.165%	$367K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.10	+0.133%	$715	$46K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0024%	1h	255.22	+0.181%	$22K	$145K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.44	+0.267%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.34	+0.228%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.98	+0.086%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.50	+0.290%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.20	+0.173%	$14.2M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.19	+0.169%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.28	+0.204%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.17	+0.161%	$532K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.33	+0.223%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.16	+0.157%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.20	+0.173%	$504K	$71K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.25	+0.192%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.28	+0.204%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.26	+0.195%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.24	+0.188%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.280%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0334%	4h	255.16	+0.157%	$36K	$376K	10x	as long as short