Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.031%

Price spread now: Coinbase International against HTX−0.137%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.479%+$48 on $10k

Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.137%, 7d avg +0.058%

Together, before fees+0.696%+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.195% cheaper against HTX than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of +0.058%). If the spread goes back, that is −$19 on $10k: about 7.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.479% in total) that is about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	255.91	0	get 0.0000% / 8h	3h 14m	$129K	$42K	50x
Short	Coinbase International MRVL-PERP-INTX	255.56	0.0088	get 0.0011% / 1h	14m 38s	$322K	$633K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.137%Rate

Funding earned: $18.48
Price spread: −0.137% → +0.058%: −$19.5
Slippage, 4 orders: −$15.78
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$38.8
Costs to cover: 0.378%
Break-even: 21.7 days

Slippage from HTX: live order book, 37 min ago; Coinbase International: live order book, 39 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 HTX live order book, 37 min ago	2.33 bp	8.6 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell Coinbase International live order book, 39 min ago	5.41 bp	10.4 bp −$10	12.7 bp −$127	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	−0.0311%	8h	256.21	+0.117%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	256.02	+0.043%	$368K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.12	+0.083%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.01	+0.041%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.09	+0.070%	$23.5M	$109.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.98	+0.027%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.11	+0.078%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.12	+0.082%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.186%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	+0.109%	$602	$191K	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	256.36	+0.176%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.29	+0.148%	$22K	$144K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	255.91	long leg	$129K	$42K	50x
Aftermath Perps MRVLUSD	+0.0021%	1h	256.16	+0.099%	$595	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.12	+0.082%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.93	+0.008%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.93	+0.008%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.37	+0.180%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.91	0.000%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.96	+0.020%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.13	+0.086%	$174	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.95	+0.016%	$549K	$752K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.90	−0.002%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0088%	1h	255.56	−0.137%	$322K	$633K	10x
Nado MRVL-PERP	+0.0098%	1h	256.07	+0.063%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	+0.176%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.26	+0.137%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.12	+0.083%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	256.20	+0.113%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	+0.055%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.243%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0550%	4h	256.06	+0.059%	$36K	$374K	10x	as long as short