Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.063%

Price spread now: Coinbase International against SunX−0.217%7-day average +0.042% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.499%+$50 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.217%, 7d avg +0.042%

Together, before fees+0.757%+$76 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.259% cheaper against SunX than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of +0.042%). If the spread goes back, that is −$26 on $10k: about 6.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	258.06	0	get 0.0000% / 8h	1h 18m	$2K	$6.9M	10x
Short	Coinbase International MRVL-PERP-INTX	257.50	0.0136	get 0.0017% / 1h	18m 18s	$317K	$890K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.217%Rate

Funding earned: $28.56
Price spread: −0.217% → +0.042%: −$25.93
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$15.37
Costs to cover: 0.180%
Break-even: 10.8 days

Slippage unknown: SunX: live order book, 11 min ago; Coinbase International: live order book, 65 min ago. Net counts fees only.

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 SunX live order book, 11 min ago	44.69 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 65 min ago	3.11 bp	8.9 bp −$9	15.5 bp −$155	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
Nado MRVL-PERP	−0.0024%	1h	258.06	−0.002%	$74K	$309K	10x	as long as short
BloFin MRVL-USDT	−0.0012%	8h	258.28	+0.085%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.83	−0.089%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	258.02	−0.016%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	258.08	+0.008%	$24.1M	$114.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.01	−0.019%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.04	−0.008%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.06	0.000%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	258.10	+0.016%	$5.6M	$16.5M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	258.28	+0.086%	$712K	$759K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	258.29	+0.089%	$785	$237K	10x	as long as short
SunX MRVL-USDTlong	0.0000%	8h	258.06	long leg	$2K	$6.9M	10x
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	258.02	−0.016%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.24	+0.070%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	258.12	+0.024%	$599	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	258.14	+0.031%	$92K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.88	−0.070%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.13	+0.027%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.01	−0.019%	$14.6M	$9.5M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.02	−0.016%	$227	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.85	−0.081%	$590K	$939K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0058%	8h	258.04	−0.008%	—	—	5x	as long as short
Polymarket Perps MRVL-USD	+0.0062%	1h	258.18	+0.047%	$107K	$68K	10x	as long as short
QFEX MRVL-USD	+0.0064%	1h	257.89	−0.066%	$1.1M	$4.3M	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.19	+0.050%	$511K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.35	+0.112%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.07	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.02	−0.016%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0136%	1h	257.50	−0.217%	$317K	$890K	10x
Phoenix MRVL	+0.0187%	1h	258.25	+0.074%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	258.28	+0.084%	$36K	$368K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.10	+1.178%	$11K	$611	12x	as long as short