Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.039%

Price spread now: Gate against Coinbase International+0.466%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.731%−$73 on $10k

Price spread, last 4 days (all we have)−0.404%−$40 · spread now +0.466%, 7d avg −0.029%

Together, before fees−1.135%−$113 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.495% dearer against Coinbase International than usual: you sell high and buy low (spread +0.466% now, against its 7-day average of −0.029%): +$49 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 52 days. At the pace of the last 7 days (−0.731% in total) that is about 4.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	259.84	0.0032	pay 0.0004% / 1h	3m 15s	$334K	$630K	10x
Short	Gate MRVL_USDT	261.05	0	get 0.0000% / 8h	5h 03m	$5.6M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.466%Rate

Funding earned: −$6.72
Price spread: +0.466% → −0.029%: $49.48
Slippage, 4 orders: −$21.26
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$3.5
Costs to cover: 0.463%
Break-even: from the start

Slippage from Coinbase International: live order book, 60 min ago; Gate: live order book, 5 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, 60 min ago	4.42 bp	9.4 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.49 bp	13.8 bp −$14	30.7 bp −$307	46.4 bp −$4,639	81.5 bp −$40.7K

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	−0.0014%	8h	261.04	+0.462%	$375K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.02	+0.454%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.01	+0.450%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.05	+0.466%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	261.05	+0.466%	$5.6M	$8.4M	50x
Bitget MRVLUSDT	0.0000%	8h	261.00	+0.446%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	+0.513%	$719K	$650K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.28	+0.555%	$376	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.09	+0.481%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.96	+0.431%	$23K	$144K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.98	+0.439%	$132K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	261.02	+0.452%	$719	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.00	+0.448%	$47K	$351K	10x	as long as short
Binance MRVLUSDT	+0.0026%	8h	261.08	+0.479%	$24.3M	$107.7M	50x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.03	+0.458%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.21	+0.527%	$94K	$206K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0032%	1h	259.84	long leg	$334K	$630K	10x
Arcus MRVL-USD	+0.0040%	1h	260.88	+0.400%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.41	+0.604%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.91	+0.412%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.94	+0.423%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.07	+0.473%	$151	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.97	+0.435%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.95	+0.429%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.02	+0.454%	$515K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.12	+0.493%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.08	+0.477%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.01	+0.452%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0125%	1h	260.97	+0.437%	$89K	$275K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.18	+0.516%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.366%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0796%	4h	261.25	+0.542%	$37K	$371K	10x	as long as short