Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.050%

Price spread now: Coinbase International against HTX−0.092%7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs+$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.493%+$49 on $10k

Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.092%, 7d avg +0.071%

Together, before fees+0.670%+$67 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.163% cheaper against HTX than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.071%). If the spread goes back, that is −$16 on $10k: about 23 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.493% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	260.91	0	get 0.0000% / 8h	7h 36m	$132K	$51K	50x
Short	Coinbase International MRVL-PERP-INTX	260.67	0.0024	get 0.0003% / 1h	36m 18s	$335K	$790K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.092%Rate

Funding earned: $5.04
Price spread: −0.092% → +0.071%: −$16.31
Slippage, 4 orders: −$13.93
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.2
Costs to cover: 0.359%
Break-even: 72.6 days

Slippage from HTX: live order book, 35 min ago; Coinbase International: 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 HTX live order book, 35 min ago	0.77 bp	6.8 bp −$7	12.6 bp −$126	doesn't fit	doesn't fit
Sell Coinbase International live order book, 37 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
BloFin MRVL-USDT	−0.0023%	8h	261.16	+0.096%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.82	−0.035%	$315K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.90	−0.004%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.91	0.000%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.96	+0.019%	$5.6M	$9.5M	50x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.24	+0.126%	$280	$206K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.78	−0.050%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.87	−0.015%	$23K	$143K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	260.91	long leg	$132K	$51K	50x
Aftermath Perps MRVLUSD	+0.0014%	1h	261.01	+0.040%	$946	$52K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0017%	8h	260.90	−0.002%	$724K	$764K	—	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0024%	1h	260.67	−0.092%	$335K	$790K	10x
QFEX MRVL-USD	+0.0027%	1h	260.96	+0.019%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.03	+0.046%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.86	−0.019%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.35	+0.169%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.83	−0.031%	$14.7M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.96	+0.019%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.82	−0.034%	$571K	$952K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.97	+0.022%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0060%	1h	260.99	+0.033%	$88K	$316K	10x	as long as short
Binance MRVLUSDT	+0.0070%	8h	261.01	+0.037%	$24.2M	$114.8M	50x	as long as short
Extended MRVL-USD	+0.0072%	1h	260.88	−0.013%	$48K	$319K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.05	+0.054%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.91	0.000%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.95	+0.015%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.91	−0.001%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0118%	8h	260.96	+0.019%	$5.6M	$16.5M	20x	as long as short
SoDEX MRVL-USD	+0.0156%	1h	260.89	−0.008%	$110	$15K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.01	+0.038%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.01	+1.188%	$11K	$644	12x	as long as short
edgeX MRVLUSDC	+0.0429%	4h	261.17	+0.102%	$37K	$369K	10x	as long as short