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 Aster−0.375%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$590.595% of the position

Long on Aster 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)+0.410%+$41 · spread now −0.375%, 7d avg +0.023%

Together, before fees+0.880%+ Points / potential airdropAster: Stage 5 · farm board+$88 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.397% cheaper against Aster than usual: you would sell low and buy high (spread −0.375% now, against its 7-day average of +0.023%). If the spread goes back, that is −$40 on $10k: about 55 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.470% in total) that is about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	255.29	0	get 0.0000% / 8h	1h 16m	$301K	$341K	50x
Short	Coinbase International MRVL-PERP-INTX	254.33	0.0024	get 0.0003% / 1h	16m 35s	$332K	$650K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Aster. 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 AsterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.375%Rate

Funding earned: $5.04
Price spread: −0.375% → +0.023%: −$39.72
Slippage, 4 orders: −$41.45
Fee Aster: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$94.13
Costs to cover: 0.595%
Break-even: 137.7 days

Slippage from Aster: live order book, 25 min ago; Coinbase International: live order book, 27 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 Aster live order book, 25 min ago	2.75 bp	19.0 bp −$19	488.1 bp −$4,881	doesn't fit	doesn't fit
Sell Coinbase International live order book, 27 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	−0.0754%	8h	255.36	+0.029%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0023%	8h	255.44	+0.060%	$363K	$185K	50x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	255.29	long leg	$301K	$341K	50x
Extended MRVL-USD	0.0000%	1h	255.22	−0.026%	$47K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.29	+0.001%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.30	+0.005%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.24	−0.018%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.37	+0.033%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.49	+0.080%	$710K	$472K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.27	−0.007%	$802	$190K	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	255.64	+0.138%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.47	+0.072%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	−0.022%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	255.28	−0.002%	$744	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0024%	1h	254.33	−0.375%	$332K	$650K	10x
Lighter MRVL	+0.0032%	1h	255.38	+0.037%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.34	+0.021%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.21	−0.030%	$23K	$27K	5x	as long as short
Nado MRVL-PERP	+0.0042%	1h	255.30	+0.007%	$87K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.80	+0.201%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.26	−0.010%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.39	+0.041%	$101K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.48	+0.076%	$112	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.14	−0.057%	$539K	$835K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.40	+0.046%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.40	+0.044%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.48	+0.076%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.49	+0.080%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.46	+0.067%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.39	+0.041%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+0.992%	$11K	$853	12x	as long as short
edgeX MRVLUSDC	+0.0348%	4h	255.26	−0.010%	$36K	$374K	10x	as long as short