Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h −0.023%

Price spread now: Bitget against Coinbase International+0.526%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs+$14as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.323%−$32 on $10k

Price spread, last 4 days (all we have)−0.597%−$60 · spread now +0.526%, 7d avg −0.013%

Together, before fees−0.920%−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.538% dearer against Coinbase International than usual: you sell high and buy low (spread +0.526% now, against its 7-day average of −0.013%): +$54 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.323% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.323% in total (about -16.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	254.95	0.0096	pay 0.0012% / 1h	46m 08s	$322K	$632K	10x
Short	Bitget MRVLUSDT	256.29	−0.0545	pay 0.0545% / 8h	2h 46m	$5.5M	$16.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.526%Rate

Funding earned: −$134.61
Price spread: +0.526% → −0.013%: $53.85
Slippage, 4 orders: −$18.28
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.04
Costs to cover: 0.403%
Break-even: from the start

Slippage from Coinbase International: live order book, 2 min ago; Bitget: live order book, 3 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, 2 min ago	4.88 bp	10.3 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.56 bp	9.3 bp −$9	14.2 bp −$142	31.8 bp −$3,182	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
Bitget MRVLUSDTshort	−0.0545%	8h	256.29	+0.526%	$5.5M	$16.5M	20x
Aster MRVLUSDT	0.0000%	8h	256.04	+0.429%	$301K	$340K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.09	+0.448%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.22	+0.500%	$23.6M	$110.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.00	+0.412%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.05	+0.431%	$6.8M	$23.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.04	+0.428%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.11	+0.453%	$710K	$497K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.64	+0.663%	$780	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.23	+0.502%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.06	+0.435%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.59	+0.643%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0017%	8h	256.05	+0.431%	$365K	$177K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	256.16	+0.476%	$595	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.20	+0.490%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.04	+0.428%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.15	+0.471%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.41	+0.573%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.08	+0.443%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.95	+0.392%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.08	+0.443%	$143	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.11	+0.455%	$562K	$750K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	256.14	+0.466%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0096%	1h	254.95	long leg	$322K	$632K	10x
ApeX Omni MRVLUSDT	+0.0100%	1h	256.59	+0.643%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.13	+0.463%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.07	+0.439%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0119%	8h	256.28	+0.522%	$506K	$62K	20x	as long as short
Nado MRVL-PERP	+0.0124%	1h	256.10	+0.450%	$87K	$272K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	256.70	+0.686%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.447%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0882%	4h	256.49	+0.603%	$36K	$374K	10x	as long as short