Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.025%

Price spread now: Coinbase International against SunX+0.039%7-day average +0.010% · you sell dearer than you buy

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

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.470%+$47 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.039%, 7d avg +0.010%

Together, before fees+0.484%+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.030% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	254.62	0	get 0.0000% / 8h	1h 40m	$1K	$6.0M	10x
Short	Coinbase International MRVL-PERP-INTX	254.72	0.0024	get 0.0003% / 1h	40m 13s	$324K	$642K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.039%Rate

Funding earned: $5.04
Price spread: +0.039% → +0.010%: $2.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$10.01
Costs to cover: 0.180%
Break-even: 20.9 days

Slippage unknown: SunX: live order book, 9 min ago; Coinbase International: live order book, 3 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 SunX live order book, 9 min ago	44.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.32 bp	9.3 bp −$9	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	−0.0792%	8h	254.60	−0.008%	$5.5M	$17.1M	20x	as long as short
Deribit MRVL_USDC-PERPETUAL	−0.0064%	1h	254.50	−0.047%	$22K	$144K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.50	−0.046%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.53	−0.036%	$50K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.47	−0.059%	$23.4M	$113.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.44	−0.071%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.40	−0.086%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.58	−0.016%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.25	−0.145%	$708K	$478K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.52	−0.039%	$621	$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-USDTlong	0.0000%	8h	254.62	long leg	$1K	$6.0M	10x
HTX MRVL-USDT	0.0000%	8h	254.60	−0.008%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0005%	8h	254.35	−0.106%	$364K	$183K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	254.54	−0.030%	$593	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0024%	1h	254.72	+0.039%	$324K	$642K	10x
Lighter MRVL	+0.0032%	1h	254.44	−0.071%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.53	−0.035%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.32	−0.118%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.71	+0.035%	—	$51K	25x	as long as short
Nado MRVL-PERP	+0.0049%	1h	254.39	−0.092%	$87K	$272K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.39	−0.090%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.33	−0.114%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.40	−0.086%	$148	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.16	−0.181%	$552K	$787K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.40	−0.087%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0074%	4h	254.54	−0.033%	$36K	$375K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.65	+0.012%	$503K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.61	−0.004%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.58	−0.016%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.54	−0.031%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	254.66	+0.016%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.257%	$11K	$853	12x	as long as short