Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.039%

Price spread now: Coinbase International against OKX−0.532%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs+$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.532%, 7d avg +0.052%

Together, before fees+0.915%+$91 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.584% cheaper against OKX than usual: you would sell low and buy high (spread −0.532% now, against its 7-day average of +0.052%). If the spread goes back, that is −$58 on $10k: about 2 months of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.452% in total) that is about 9.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	261.23	0	get 0.0000% / 8h	5h 06m	$7.0M	$22.3M	50x
Short	Coinbase International MRVL-PERP-INTX	259.84	0.0032	get 0.0004% / 1h	6m 39s	$334K	$630K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.532%Rate

Funding earned: $6.72
Price spread: −0.532% → +0.052%: −$58.42
Slippage, 4 orders: −$11.26
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$82.96
Costs to cover: 0.313%
Break-even: 93.4 days

Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 57 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 OKX live order book, 2 min ago	0.19 bp	7.2 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Coinbase International live order book, 57 min ago	4.42 bp	9.4 bp −$9	13.0 bp −$130	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	−0.0022%	8h	261.26	+0.011%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.10	−0.050%	$314K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.19	−0.015%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	261.23	long leg	$7.0M	$22.3M	50x
Gate MRVL_USDT	0.0000%	8h	261.26	+0.011%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.26	+0.011%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.96	−0.102%	$718K	$651K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.09	−0.053%	$381	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.33	+0.038%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.87	−0.138%	$132K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0016%	1h	260.94	−0.112%	$606	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.20	−0.011%	$47K	$351K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.21	−0.008%	$1.1M	$3.6M	10x	as long as short
Binance MRVLUSDT	+0.0026%	8h	261.27	+0.014%	$24.3M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	261.33	+0.038%	$94K	$206K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0032%	1h	259.84	−0.532%	$334K	$630K	10x
Arcus MRVL-USD	+0.0040%	1h	260.85	−0.145%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.57	+0.130%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.07	−0.061%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.14	−0.034%	$105K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.24	+0.004%	$146	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.97	−0.100%	$577K	$694K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	261.19	−0.014%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0056%	1h	261.17	−0.023%	$23K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.15	−0.031%	$516K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.01	−0.084%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.20	−0.011%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.19	−0.013%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0120%	1h	261.14	−0.034%	$89K	$275K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.20	−0.011%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+0.827%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0491%	4h	261.07	−0.061%	$37K	$370K	10x	as long as short