Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.035%

Price spread now: Coinbase International against BloFin−0.100%58s7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.361% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.392%+$39 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.100%, 7d avg +0.045%

Together, before fees+0.480%+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.145% cheaper against BloFin than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.045%). If the spread goes back, that is −$14 on $10k: about 13 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.392% in total) that is about 2.6 days. The two prices were read 58 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	BloFin MRVL-USDT	260.10	−0.0006	get 0.0006% / 8h	5h 46m	—	$170K	50x
Short	Coinbase International MRVL-PERP-INTX	259.84	0.0032	get 0.0004% / 1h	46m 05s	$334K	$630K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.100%Rate

Funding earned: $8.04
Price spread: −0.100% → +0.045%: −$14.47
Slippage, 4 orders: −$14.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.5
Costs to cover: 0.361%
Break-even: 44.0 days

Slippage from BloFin: live order book, 79 min ago; Coinbase International: live order book, 17 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 BloFin live order book, 79 min ago	0.19 bp	7.5 bp −$7	11.7 bp −$117	doesn't fit	doesn't fit
Sell Coinbase International live order book, 17 min ago	4.42 bp	9.4 bp −$9	13.0 bp −$130	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
BloFin MRVL-USDTlong	−0.0006%	8h	260.10	long leg	—	$170K	50x
Aster MRVLUSDT	0.0000%	8h	260.09	−0.004%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.01	−0.035%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.01	−0.035%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.04	−0.023%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.19	+0.035%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.10	0.000%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.56	+0.175%	$466	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.14	+0.015%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.03	−0.027%	$131K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0016%	1h	260.10	+0.002%	$984	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.04	−0.023%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.05	−0.019%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0032%	1h	259.84	−0.100%	$334K	$630K	10x
Extended MRVL-USD	+0.0040%	1h	260.02	−0.031%	$51K	$353K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.94	−0.062%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0042%	8h	260.08	−0.008%	$24.2M	$108.0M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.39	+0.111%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.93	−0.065%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.01	−0.035%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.01	−0.035%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.90	−0.077%	$574K	$675K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	259.94	−0.060%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.23	+0.050%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.16	+0.023%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.02	−0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.04	−0.023%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0138%	1h	259.93	−0.065%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.30	+0.077%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.265%	$11K	$693	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0250%	1h	260.03	−0.027%	$23K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0268%	4h	260.19	+0.036%	$37K	$371K	10x	as long as short