Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h −0.014%

Price spread now: Orderly against Coinbase International−0.107%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.107% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.107% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.9 days of funding at the current rate (+$3 a day). The two prices were read 54 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	260.67	0.0008	pay 0.0001% / 1h	44m 20s	$335K	$655K	10x
Short	Orderly PERP_MRVL_USDC_mythos	260.39	0.0100	get 0.0100% / 8h	6h 44m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.107%Rate

Funding earned: $19.32
Price spread: −0.107% → 0.000%: −$10.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.42
Costs to cover: 0.160%
Break-even: 9.7 days

Slippage unknown: Coinbase International: live order book, 24 min ago; Orderly: no order-book sample. Net counts fees only.

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, 24 min ago	0.19 bp	6.3 bp −$6	13.3 bp −$133	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
BloFin MRVL-USDT	−0.0023%	8h	260.60	−0.027%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.42	−0.096%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.34	−0.127%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.43	−0.092%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.48	−0.073%	$5.6M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.54	−0.050%	$1K	$6.5M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.39	−0.107%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.63	−0.015%	$132K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0008%	1h	260.67	long leg	$335K	$655K	10x
Aftermath Perps MRVLUSD	+0.0012%	1h	260.42	−0.095%	$930	$51K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0023%	1h	260.39	−0.107%	$1.1M	$3.9M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.48	−0.073%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.24	−0.165%	$25K	$26K	5x	as long as short
Variational Omni MRVL	+0.0044%	8h	260.28	−0.148%	$722K	$654K	—	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.75	+0.031%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.40	−0.104%	$14.7M	$8.3M	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0050%	8h	260.66	−0.003%	$1K	$196K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.45	−0.084%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.37	−0.115%	$94	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.15	−0.199%	$567K	$727K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.34	−0.125%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0069%	1h	260.38	−0.113%	$89K	$319K	10x	as long as short
Extended MRVL-USD	+0.0096%	1h	260.40	−0.102%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0096%	8h	260.51	−0.062%	$24.2M	$111.0M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.56	−0.042%	$515K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.40	−0.104%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	260.39	−0.107%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	260.40	−0.105%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0128%	8h	260.44	−0.088%	$5.6M	$16.3M	20x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	+0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.036%	$11K	$675	12x	as long as short
edgeX MRVLUSDC	+0.0812%	4h	260.39	−0.109%	$37K	$371K	10x	as long as short