MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin−0.078%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2512.507% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.078%, 7d avg −0.011%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.067% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MRVLUSDTM	256.77	0.0100	pay 0.0100% / 8h	5h 05m	$508K	$287K	20x
Short	Bybit MRVLUSDT	256.57	0	get 0.0000% / 8h	5h 05m	$4.9M	$4.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$21
Price spread: −0.078% → −0.011%: −$6.73
Slippage, 4 orders: −$227.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$278.41
Costs to cover: 2.507%
Break-even: never at this rate

Slippage from KuCoin: live order book, 30 min ago; Bybit: 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 KuCoin live order book, 30 min ago	5.66 bp	75.3 bp −$75	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.75 bp	13.1 bp −$13	32.4 bp −$324	725.0 bp −$72.5K	doesn't fit

MRVL on 32 exchanges

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	256.48	−0.112%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.66	−0.044%	$47K	$283K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.65	−0.047%	$23.5M	$120.6M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	256.57	−0.078%	$4.9M	$4.3M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	256.65	−0.047%	$6.9M	$26.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.80	+0.012%	$5.0M	$8.7M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.78	+0.004%	$5.5M	$19.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.79	+0.007%	$713K	$215K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	256.86	+0.035%	$1K	$5.2M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.69	−0.031%	$22K	$146K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	256.66	−0.043%	$132K	$44K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0005%	1h	256.48	−0.112%	$1K	$42K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0012%	8h	256.65	−0.048%	$878	$179K	10x	as long as short
BloFin MRVL-USDT	+0.0028%	8h	256.66	−0.043%	$377K	$215K	50x	as long as short
Lighter MRVL	+0.0032%	1h	256.47	−0.117%	$104K	$182K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	256.63	−0.055%	$11K	$823	12x	as long as short
QFEX MRVL-USD	+0.0034%	1h	256.64	−0.051%	$1.2M	$3.4M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.43	−0.132%	$23K	$21K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.91	+0.055%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.44	−0.129%	$14.1M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.80	+0.012%	$77K	$128K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.76	−0.004%	$175	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.44	−0.129%	$544K	$865K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	256.60	−0.067%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0058%	1h	256.66	−0.041%	$87K	$275K	10x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	256.77	long leg	$508K	$287K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	256.58	−0.074%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.79	+0.008%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.75	−0.006%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	256.80	+0.012%	$320K	$427K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	256.61	−0.062%	$11K	$13K	10x	as long as short
edgeX MRVLUSDC	+0.0770%	4h	256.67	−0.038%	$36K	$375K	10x	as long as short