Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.031%

Price spread now: Coinbase International against Gate+0.120%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.723%+$72 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.120%, 7d avg +0.021%

Together, before fees+0.662%+$66 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.099% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRVL_USDT	257.84	0	get 0.0000% / 8h	3h 49m	$5.5M	$8.1M	50x
Short	Coinbase International MRVL-PERP-INTX	258.15	0.0088	get 0.0011% / 1h	49m 35s	$332K	$628K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.120%Rate

Funding earned: $18.48
Price spread: +0.120% → +0.021%: $9.88
Slippage, 4 orders: −$26.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$23.47
Costs to cover: 0.518%
Break-even: 15.9 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: 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 Gate live order book, 4 min ago	3.28 bp	14.5 bp −$14	39.2 bp −$392	53.1 bp −$5,315	87.7 bp −$43.8K
Sell Coinbase International live order book, 4 min ago	5.41 bp	10.4 bp −$10	12.7 bp −$127	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
BloFin MRVL-USDT	−0.0020%	8h	258.24	+0.155%	$372K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.88	+0.017%	$309K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.80	−0.015%	$46K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.88	+0.017%	$23.8M	$108.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.80	−0.016%	$5.0M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.78	−0.023%	$6.9M	$22.4M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	257.84	long leg	$5.5M	$8.1M	50x
Bitget MRVLUSDT	0.0000%	8h	257.91	+0.027%	$5.5M	$16.1M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	258.37	+0.205%	$717K	$634K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.04	+0.465%	$536	$190K	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	258.16	+0.124%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	258.02	+0.070%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.19	+0.136%	$130K	$42K	50x	as long as short
Nado MRVL-PERP	+0.0019%	1h	258.08	+0.094%	$88K	$272K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	258.79	+0.369%	$601	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	257.75	−0.035%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.90	+0.023%	$93K	$198K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.23	+0.151%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.46	+0.240%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.77	−0.027%	$14.4M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	257.89	+0.019%	$103K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.09	+0.097%	$176	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.66	−0.070%	$567K	$691K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	257.81	−0.013%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0088%	1h	258.15	+0.120%	$332K	$628K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	258.00	+0.062%	$509K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.06	+0.473%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.10	+0.101%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.05	+0.082%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	258.97	+0.438%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.93	+1.586%	$11K	$718	12x	as long as short
edgeX MRVLUSDC	+0.0773%	4h	258.91	+0.414%	$37K	$372K	10x	as long as short