Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0072%/8h= +7.9% APRpaid last 24h +0.021%

Price spread now: Coinbase International against Gate+0.047%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs+$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.706%+$71 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.047%, 7d avg +0.005%

Together, before fees+0.597%+$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRVL_USDT	252.78	0	get 0.0000% / 8h	7h 36m	$5.0M	$8.5M	50x
Short	Coinbase International MRVL-PERP-INTX	252.90	0.0072	get 0.0009% / 1h	36m 55s	$322K	$661K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: $15.12
Price spread: +0.047% → +0.005%: $4.24
Slippage, 4 orders: −$24.76
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$30.41
Costs to cover: 0.498%
Break-even: 21.1 days

Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 61 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 Gate live order book, 2 min ago	1.78 bp	14.3 bp −$14	26.7 bp −$267	42.1 bp −$4,212	76.3 bp −$38.1K
Sell Coinbase International live order book, 61 min ago	3.72 bp	9.1 bp −$9	12.9 bp −$129	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	−0.0414%	8h	252.81	+0.012%	$5.5M	$17.6M	20x	as long as short
BloFin MRVL-USDT	−0.0019%	8h	252.83	+0.020%	$363K	$192K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	252.96	+0.072%	$298K	$336K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	252.90	+0.047%	$47K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	252.87	+0.036%	$23.3M	$115.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	252.68	−0.040%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	252.51	−0.107%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	252.78	long leg	$5.0M	$8.5M	50x
Variational Omni MRVL	0.0000%	8h	253.40	+0.245%	$708K	$457K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	252.95	+0.067%	$210	$182K	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	253.08	+0.119%	$1K	$5.7M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	253.80	+0.404%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	253.28	+0.199%	$1K	$46K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	252.99	+0.083%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	252.81	+0.012%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	252.89	+0.044%	$23K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0045%	1h	252.88	+0.038%	$86K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.09	+0.123%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	252.94	+0.063%	—	—	5x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	252.62	−0.063%	$13.9M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	252.76	−0.008%	$98K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	252.83	+0.020%	$101	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	252.91	+0.051%	$538K	$833K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0072%	1h	252.90	+0.047%	$322K	$661K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	252.80	+0.008%	$500K	$109K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.01	+0.091%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.03	+0.099%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	252.97	+0.074%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.01	+0.091%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.523%	$11K	$845	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0264%	1h	252.92	+0.055%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0634%	4h	253.26	+0.191%	$36K	$374K	10x	as long as short