Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0530%/8h= +58.0% APRpaid last 24h +0.032%

Price spread now: edgeX against Coinbase International−0.048%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.282%−$28 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.048%, 7d avg −0.012%

Together, before fees−0.259%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.036% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of −0.012%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 7 days funding on this pair cost −0.282%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.282% in total (about -14.7% 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	255.27	−0.0008	get 0.0001% / 1h	7m 08s	$335K	$652K	10x
Short	edgeX MRVLUSDC	255.15	0.0522	get 0.0261% / 4h	7m 08s	$36K	$373K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.048%Rate

Funding earned: $111.25
Price spread: −0.048% → −0.012%: −$3.61
Slippage, 4 orders: −$19.5
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $69.15
Costs to cover: 0.385%
Break-even: 2.6 days

Slippage from Coinbase International: live order book, 31 min ago; edgeX: live order book, 31 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, 31 min ago	3.72 bp	8.7 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell edgeX live order book, 31 min ago	5.48 bp	10.3 bp −$10	14.9 bp −$149	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
Bitget MRVLUSDT	−0.0515%	8h	255.30	+0.012%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTXlong	−0.0008%	1h	255.27	long leg	$335K	$652K	10x
Aster MRVLUSDT	0.0000%	8h	255.09	−0.070%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.02	−0.098%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.14	−0.050%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.03	−0.094%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.12	−0.059%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.18	−0.035%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.09	−0.069%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	−0.051%	$967	$187K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.19	−0.031%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.00	−0.106%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	−0.016%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0011%	8h	255.15	−0.047%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.10	−0.069%	$592	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.18	−0.035%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.07	−0.078%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.98	−0.114%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.50	+0.090%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.07	−0.078%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.06	−0.082%	$99K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.11	−0.063%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.18	−0.035%	$532K	$848K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.93	−0.134%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0057%	1h	255.04	−0.091%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.08	−0.074%	$504K	$76K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	−0.063%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.08	−0.074%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.03	−0.093%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.016%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.077%	$11K	$827	12x	as long as short
edgeX MRVLUSDCshort	+0.0522%	4h	255.15	−0.048%	$36K	$373K	10x