Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h +0.028%

Price spread now: Coinbase International against KuCoin−0.220%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2142.141% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.314%+$31 on $10k

Price spread, last 3 days (all we have)+0.281%+$28 · spread now −0.220%, 7d avg +0.073%

Together, before fees+0.595%+$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.293% cheaper against KuCoin than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.314%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MRVLUSDTM	258.92	0.0100	pay 0.0100% / 8h	41m 10s	$513K	$69K	20x
Short	Coinbase International MRVL-PERP-INTX	258.35	0.0064	get 0.0008% / 1h	41m 10s	$319K	$885K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.220%Rate

Funding earned: −$7.56
Price spread: −0.220% → +0.073%: −$29.33
Slippage, 4 orders: −$192.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$251
Costs to cover: 2.141%
Break-even: never at this rate

Slippage from KuCoin: live order book, 21 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 KuCoin live order book, 21 min ago	5.80 bp	81.2 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 37 min ago	4.46 bp	9.5 bp −$9	13.3 bp −$133	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	−0.0015%	8h	258.99	+0.027%	$374K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	258.91	−0.005%	$312K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.94	+0.008%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.02	+0.039%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.07	+0.058%	$5.7M	$9.7M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.03	+0.042%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.17	+0.098%	$720K	$763K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.07	+0.058%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.09	+0.066%	$131K	$80K	50x	as long as short
Binance MRVLUSDT	+0.0008%	8h	259.10	+0.068%	$24.3M	$114.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MRVL-USD	+0.0008%	1h	259.04	+0.046%	$49K	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	258.98	+0.023%	$601	$53K	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.13	+0.081%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.05	+0.050%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.85	−0.027%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.30	+0.147%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.96	+0.015%	$14.6M	$9.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.01	+0.035%	$109K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.05	+0.050%	$218	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.82	−0.039%	$591K	$926K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0052%	8h	259.11	+0.075%	$741	$226K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0064%	1h	258.35	−0.220%	$319K	$885K	10x
Paradex MRVL-USD-PERP	+0.0070%	8h	258.98	+0.024%	—	—	5x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	258.92	long leg	$513K	$69K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	258.93	+0.004%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.10	+0.070%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.07	+0.059%	$18	—	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.04	+0.046%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+1.132%	$11K	$627	12x	as long as short
Nado MRVL-PERP	+0.0236%	1h	258.92	+0.001%	$88K	$316K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0291%	1h	259.04	+0.046%	$22K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0890%	4h	259.16	+0.093%	$36K	$370K	10x	as long as short