Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0113%/8h= −12.3% APRpaid last 24h −0.016%

Price spread now: BloFin against Coinbase International+0.082%58s7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.462% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.361%−$36 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.082%, 7d avg −0.022%

Together, before fees−0.498%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.104% dearer against Coinbase International than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of −0.022%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	256.09	0.0128	pay 0.0016% / 1h	0m 05s	$317K	$445K	10x
Short	BloFin MRVL-USDT	256.30	0.0015	get 0.0015% / 8h	6h 00m	$372K	$212K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$23.68
Price spread: +0.082% → −0.022%: $10.36
Slippage, 4 orders: −$24.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.56
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 51 min ago; BloFin: live order book, 48 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, 51 min ago	6.70 bp	11.7 bp −$12	14.6 bp −$146	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	0.59 bp	11.3 bp −$11	18.4 bp −$184	doesn't fit	doesn't fit

MRVL on 32 exchanges

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	256.21	+0.047%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.37	+0.108%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.44	+0.137%	$23.5M	$119.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.35	+0.102%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.42	+0.129%	$7.0M	$26.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.54	+0.176%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.52	+0.168%	$5.5M	$19.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.29	+0.080%	$711K	$209K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	256.53	+0.172%	$1K	$5.3M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	+0.109%	$132K	$48K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDTshort	+0.0015%	8h	256.30	+0.082%	$372K	$212K	50x
Aftermath Perps MRVLUSD	+0.0016%	1h	255.76	−0.130%	$1K	$43K	10x	as long as short
edgeX MRVLUSDC	+0.0022%	4h	256.12	+0.012%	$36K	$375K	10x	as long as short
QFEX MRVL-USD	+0.0031%	1h	256.40	+0.121%	$1.2M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.33	+0.094%	$89K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.90	−0.465%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.187%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.23	+0.055%	$14.1M	$9.4M	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.55	−0.211%	$542K	$856K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	256.41	+0.125%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	256.34	+0.097%	$87K	$276K	10x	as long as short
SoDEX MRVL-USD	+0.0074%	1h	256.33	+0.094%	$185	$15K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.24	+0.059%	$506K	$223K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.94	−0.059%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.37	+0.109%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.41	+0.127%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0128%	1h	256.09	long leg	$317K	$445K	10x
Phoenix MRVL	+0.0157%	1h	255.93	−0.062%	$11K	$13K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0180%	8h	256.18	+0.035%	$943	$179K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.211%	$11K	$832	12x	as long as short
Polymarket Perps MRVL-USD	+0.0258%	1h	256.96	+0.340%	$100K	$76K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0335%	1h	256.40	+0.121%	$22K	$145K	10x	as long as short