Funding you earn now, next payment 11:00 UTC+0.0035%/8h= +3.9% APRnext payment +$0.04 per $10,000 · paid last 24h −0.029%
Price spread now: Coinbase International against Phoenix+0.228%72s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 +$1 a day on $10k at the current rate, and Coinbase International is 0.228% dearer against Phoenix than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix MRVL | 254.19 | 0.0125 | pay 0.0016% / 1h | 3m 49s | $11K | $13K | 10x |
| Short | Coinbase International MRVL-PERP-INTX | 254.77 | 0.0160 | get 0.0020% / 1h | 3m 49s | $317K | $410K | 10x |
Phoenix MRVL
Coinbase International MRVL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $7.4
- Price spread: +0.228% → 0.000%
- $22.82
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $13.22
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 37 min ago. 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 37 min ago | 2.54 bp | 7.5 bp −$8 | 11.4 bp −$114 | doesn't fit | doesn't fit |
Phoenix: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster MRVLUSDT | 0.0000% | 8h | 254.21 | +0.010% | $300K | $334K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 254.14 | −0.019% | $46K | $353K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 254.27 | +0.032% | $23.7M | $121.5M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 254.13 | −0.024% | $4.9M | $4.3M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 254.29 | +0.039% | $6.9M | $25.9M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 254.22 | +0.012% | $4.9M | $8.5M | 50x | as long as short |
| Bitget MRVLUSDT | 0.0000% | 8h | 254.36 | +0.067% | $5.5M | $19.7M | 20x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 254.30 | +0.044% | $707K | $191K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 254.29 | +0.038% | $656 | $177K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 254.17 | −0.008% | $2K | $4.9M | 10x | as long as short |
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Bitget MRVLUSDT
Variational Omni MRVL
GRVT MRVL_USDT_Perp
SunX MRVL-USDTShow all 32 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRVL-USDT | 0.0000% | 8h | 254.17 | −0.008% | $131K | $41K | 50x | as long as short |
| BloFin MRVL-USDT | +0.0002% | 8h | 254.04 | −0.059% | $333K | $207K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0005% | 1h | 254.18 | −0.002% | $1K | $41K | 10x | as long as short |
| QFEX MRVL-USD | +0.0026% | 1h | 254.05 | −0.055% | $1.2M | $3.4M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 253.97 | −0.087% | $104K | $183K | 10x | as long as short |
| Injective MRVL/USDC PERP | +0.0033% | 1h | 259.12 | +1.939% | $11K | $820 | 12x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 253.85 | −0.134% | $22K | $18K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 254.15 | −0.016% | — | $46K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 254.08 | −0.043% | $14.0M | $9.0M | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 253.95 | −0.094% | $183 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 253.88 | −0.122% | $543K | $839K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0053% | 8h | 253.87 | −0.126% | — | — | 5x | as long as short |
| Nado MRVL-PERP | +0.0099% | 1h | 254.06 | −0.053% | $87K | $275K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 254.33 | +0.055% | $502K | $357K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 254.33 | +0.055% | $4K | $145K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 254.05 | −0.055% | $2K | $2K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 253.98 | −0.084% | $18 | — | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | +0.0104% | 1h | 254.00 | −0.075% | $22K | $145K | 10x | as long as short |
| Phoenix MRVLlong | +0.0125% | 1h | 254.19 | long leg | $11K | $13K | 10x | |
| Coinbase International MRVL-PERP-INTXshort | +0.0160% | 1h | 254.77 | +0.228% | $317K | $410K | 10x | |
| Polymarket Perps MRVL-USD | +0.0228% | 1h | 254.15 | −0.016% | $53K | $151K | 10x | as long as short |
| edgeX MRVLUSDC | +0.0740% | 4h | 254.39 | +0.081% | $36K | $374K | 10x | as long as short |
HTX MRVL-USDT
BloFin MRVL-USDT
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Lighter MRVL
Injective MRVL/USDC PERP
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Nado MRVL-PERP
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Deribit MRVL_USDC-PERPETUAL
Polymarket Perps MRVL-USD
edgeX MRVLUSDC