Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.039%

Price spread now: Coinbase International against Bitget+0.312%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.338%+$34 on $10k

Price spread, last 3 days (all we have)−0.263%−$26 · spread now +0.312%, 7d avg +0.023%

Together, before fees+0.075%+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.289% dearer against Bitget than usual: you sell high and buy low (spread +0.312% now, against its 7-day average of +0.023%): +$29 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 16 days. Mind the row above: over the last 7 days funding on this pair paid +0.338%, 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	Bitget MRVLUSDT	259.86	0.0068	pay 0.0068% / 8h	6h 39m	$5.6M	$16.3M	20x
Short	Coinbase International MRVL-PERP-INTX	260.67	0.0008	get 0.0001% / 1h	39m 15s	$335K	$640K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +0.312%Rate

Funding earned: −$12.6
Price spread: +0.312% → +0.023%: $28.86
Slippage, 4 orders: −$12.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.97
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 29 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 Bitget live order book, 4 min ago	1.35 bp	8.2 bp −$8	12.4 bp −$124	43.1 bp −$4,306	doesn't fit
Sell Coinbase International live order book, 29 min ago	0.19 bp	7.6 bp −$8	12.1 bp −$121	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	260.60	+0.285%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	259.81	−0.019%	$312K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.72	−0.054%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.86	0.000%	$7.0M	$22.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.86	0.000%	$5.6M	$8.7M	50x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.28	+0.162%	$1K	$196K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	259.68	−0.069%	$1K	$6.5M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.73	−0.050%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.86	0.000%	$131K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0008%	1h	260.67	+0.312%	$335K	$640K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0012%	1h	260.11	+0.096%	$883	$51K	10x	as long as short
QFEX MRVL-USD	+0.0023%	1h	259.60	−0.100%	$1.1M	$3.9M	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.85	−0.004%	$95K	$205K	10x	as long as short
Variational Omni MRVL	+0.0038%	8h	260.25	+0.150%	$722K	$655K	—	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.91	+0.019%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.22	+0.139%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.75	−0.042%	$14.7M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.63	−0.089%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.83	−0.012%	$88	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.12	+0.100%	$567K	$693K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	259.56	−0.114%	—	—	5x	as long as short
Bitget MRVLUSDTlong	+0.0068%	8h	259.86	long leg	$5.6M	$16.3M	20x
Nado MRVL-PERP	+0.0082%	1h	259.56	−0.115%	$89K	$319K	10x	as long as short
Extended MRVL-USD	+0.0088%	1h	259.77	−0.036%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0092%	8h	259.85	−0.003%	$24.1M	$110.5M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.00	+0.054%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.14	+0.108%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.81	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.82	−0.016%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.19	+0.127%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.351%	$11K	$676	12x	as long as short
edgeX MRVLUSDC	+0.0485%	4h	260.29	+0.166%	$37K	$369K	10x	as long as short