Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h −0.009%

Price spread now: Orderly against Coinbase International+0.046%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.046% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

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	46m 40s	$334K	$630K	10x
Short	Orderly PERP_MRVL_USDC_mythos	259.96	0.0100	get 0.0100% / 8h	5h 46m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.046%Rate

Funding earned: $14.28
Price spread: +0.046% → 0.000%: $4.62
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $2.9
Costs to cover: 0.160%
Break-even: 5.6 days

Slippage unknown: Coinbase International: live order book, 17 min ago; Orderly: no order-book sample. Net counts fees only.

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, 17 min ago	4.42 bp	9.4 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0006%	8h	260.10	+0.100%	—	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.06	+0.084%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.00	+0.062%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.00	+0.062%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.11	+0.104%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.09	+0.096%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.51	+0.259%	$717K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.56	+0.275%	$466	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.07	+0.089%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.03	+0.073%	$131K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0015%	1h	260.17	+0.125%	$934	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	259.95	+0.042%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.97	+0.050%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0032%	1h	259.84	long leg	$334K	$630K	10x
Extended MRVL-USD	+0.0040%	1h	260.02	+0.069%	$51K	$353K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.02	+0.069%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0042%	8h	260.04	+0.077%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.31	+0.181%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.92	+0.031%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.92	+0.031%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.99	+0.058%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.90	+0.023%	$575K	$675K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	259.89	+0.020%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0058%	1h	259.92	+0.031%	$23K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.23	+0.150%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.16	+0.123%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	259.96	+0.046%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	259.98	+0.052%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0139%	1h	259.86	+0.008%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.30	+0.177%	$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	+0.0268%	4h	260.19	+0.136%	$37K	$371K	10x	as long as short