Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.044%

Price spread now: Coinbase International against GRVT+0.015%76s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs+$13as 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−$310.305% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.440%+$44 on $10k

Price spread, last 3 days (all we have)−0.013%−$1 · spread now +0.015%, 7d avg +0.043%

Together, before fees+0.427%+ Points / potential airdropGRVT: Active · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.027% cheaper against GRVT than usual: you would sell low and buy high (spread +0.015% now, against its 7-day average of +0.043%). If the spread goes back, that is −$3 on $10k: about 5.4 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.440% in total) that is about 10 hours. 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	GRVT MRVL_USDT_Perp	260.63	0.0007	pay 0.0007% / 8h	7h 32m	$279	$206K	10x
Short	Coinbase International MRVL-PERP-INTX	260.67	0.0024	get 0.0003% / 1h	32m 23s	$335K	$789K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now +0.015%Rate

Funding earned: $3.57
Price spread: +0.015% → +0.043%: −$2.73
Slippage, 4 orders: −$11.52
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.68
Costs to cover: 0.305%
Break-even: 65.2 days

Slippage from GRVT: live order book, 40 min ago; Coinbase International: live order book, 41 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 GRVT live order book, 40 min ago	2.51 bp	8.1 bp −$8	13.7 bp −$137	doesn't fit	doesn't fit
Sell Coinbase International live order book, 41 min ago	0.19 bp	9.0 bp −$9	13.4 bp −$134	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
Aster MRVLUSDT	0.0000%	8h	260.69	+0.025%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.98	+0.134%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.08	+0.173%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.06	+0.165%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.13	+0.192%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.04	+0.157%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.99	+0.138%	$132K	$51K	50x	as long as short
GRVT MRVL_USDT_Perplong	+0.0007%	8h	260.63	long leg	$279	$206K	10x
Aftermath Perps MRVLUSD	+0.0014%	1h	260.86	+0.087%	$886	$52K	10x	as long as short
Variational Omni MRVL	+0.0017%	8h	260.90	+0.105%	$724K	$764K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0022%	8h	260.62	−0.004%	$375K	$169K	50x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0024%	1h	260.67	+0.015%	$335K	$789K	10x
QFEX MRVL-USD	+0.0027%	1h	260.98	+0.134%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.88	+0.096%	$95K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.53	−0.038%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.30	+0.257%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.00	+0.142%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.10	+0.180%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.93	+0.115%	$571K	$941K	10x	as long as short
Nado MRVL-PERP	+0.0052%	1h	260.85	+0.086%	$88K	$317K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.80	+0.065%	—	—	5x	as long as short
Extended MRVL-USD	+0.0064%	1h	261.07	+0.170%	$52K	$342K	10x	as long as short
Binance MRVLUSDT	+0.0067%	8h	261.10	+0.181%	$24.2M	$114.7M	50x	as long as short
SoDEX MRVL-USD	+0.0077%	1h	260.82	+0.073%	$110	$14K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.99	+0.138%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.17	+0.207%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.92	+0.111%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.94	+0.120%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0117%	8h	261.02	+0.150%	$5.6M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	260.68	+0.019%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+1.205%	$11K	$652	12x	as long as short
edgeX MRVLUSDC	+0.0705%	4h	260.73	+0.038%	$37K	$370K	10x	as long as short