Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h −0.029%

Price spread now: Binance against Coinbase International+0.181%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.431%−$43 on $10k

Price spread, last 2 days (all we have)−0.312%−$31 · spread now +0.181%, 7d avg +0.016%

Together, before fees−0.742%−$74 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Binance is 0.164% dearer against Coinbase International than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 7 days funding on this pair cost −0.431%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	260.17	0.0032	pay 0.0004% / 1h	51m 59s	$335K	$631K	10x
Short	Binance MRVLUSDT	260.64	0.0045	get 0.0045% / 8h	5h 51m	$24.2M	$107.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.181%Rate

Funding earned: $2.82
Price spread: +0.181% → +0.016%: $16.44
Slippage, 4 orders: −$12.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.16
Costs to cover: 0.324%
Break-even: 39.6 days

Slippage from Coinbase International: live order book, 11 min ago; Binance: live order book, 6 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 Coinbase International live order book, 11 min ago	4.42 bp	9.4 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.19 bp	6.7 bp −$7	11.7 bp −$117	54.4 bp −$5,442	doesn't fit

MRVL on 31 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
Aster MRVLUSDT	0.0000%	8h	260.53	+0.137%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.57	+0.154%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.57	+0.154%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.63	+0.177%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.64	+0.181%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	+0.224%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	+0.234%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.62	+0.173%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	+0.231%	$132K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.52	+0.135%	$885	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.67	+0.192%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.55	+0.146%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0032%	1h	260.17	long leg	$335K	$631K	10x
Arcus MRVL-USD	+0.0040%	1h	260.40	+0.088%	$25K	$26K	5x	as long as short
Binance MRVLUSDTshort	+0.0045%	8h	260.64	+0.181%	$24.2M	$107.9M	50x
Vest MRVL-USD-PERP	+0.0046%	1h	260.98	+0.311%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.57	+0.154%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.50	+0.127%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.56	+0.150%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.55	+0.146%	$135	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	+0.131%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.56	+0.149%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.84	+0.258%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	+0.127%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.63	+0.177%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.59	+0.161%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0172%	1h	260.53	+0.138%	$23K	$143K	10x	as long as short
Nado MRVL-PERP	+0.0178%	1h	260.47	+0.115%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.48	+0.119%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+1.095%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0817%	4h	260.80	+0.242%	$37K	$370K	10x	as long as short