Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.022%

Price spread now: Coinbase International against Bybit−0.074%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.461%+$46 on $10k

Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.074%, 7d avg +0.049%

Together, before fees+0.608%+$61 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Coinbase International is 0.123% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRVLUSDT	255.30	0	get 0.0000% / 8h	9m 49s	$5.0M	$4.1M	50x
Short	Coinbase International MRVL-PERP-INTX	255.11	−0.0008	pay 0.0001% / 1h	9m 49s	$335K	$652K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$1.68
Price spread: −0.074% → +0.049%: −$12.33
Slippage, 4 orders: −$17.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$52.25
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 28 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 Bybit live order book, 3 min ago	0.78 bp	10.7 bp −$11	32.9 bp −$329	doesn't fit	doesn't fit
Sell Coinbase International live order book, 28 min ago	3.72 bp	9.1 bp −$9	12.9 bp −$129	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	−0.0521%	8h	255.41	+0.043%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTXshort	−0.0008%	1h	255.11	−0.074%	$335K	$652K	10x
Aster MRVLUSDT	0.0000%	8h	255.40	+0.041%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.29	−0.005%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.34	+0.017%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	255.30	long leg	$5.0M	$4.1M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	255.22	−0.031%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.34	+0.016%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.09	−0.081%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.43	+0.050%	$968	$187K	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	255.42	+0.047%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.28	−0.008%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.13	−0.067%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0007%	8h	255.15	−0.059%	$366K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.21	−0.035%	$751	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.11	−0.074%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.37	+0.027%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.99	−0.121%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.45	+0.059%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.18	−0.047%	$14.2M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.99	−0.121%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.23	−0.027%	$179	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.17	−0.051%	$532K	$832K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.99	−0.120%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0065%	1h	255.05	−0.099%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.23	−0.027%	$504K	$73K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.30	0.000%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.33	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.34	+0.014%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.13	−0.067%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.065%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0334%	4h	255.16	−0.055%	$36K	$376K	10x	as long as short