Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.021%

Price spread now: Binance against Coinbase International+0.333%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.423%−$42 on $10k

Price spread, last 4 days (all we have)−0.560%−$56 · spread now +0.333%, 7d avg −0.036%

Together, before fees−0.983%−$98 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.369% dearer against Coinbase International than usual: you sell high and buy low (spread +0.333% now, against its 7-day average of −0.036%): +$37 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.423% in total) that is about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	255.56	0.0088	pay 0.0011% / 1h	16m 57s	$322K	$633K	10x
Short	Binance MRVLUSDT	256.41	0	get 0.0000% / 8h	3h 16m	$23.6M	$109.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.333%Rate

Funding earned: −$18.48
Price spread: +0.333% → −0.036%: $36.89
Slippage, 4 orders: −$15.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.2
Costs to cover: 0.356%
Break-even: from the start

Slippage from Coinbase International: live order book, 36 min ago; Binance: live order book, 11 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 Coinbase International live order book, 36 min ago	5.41 bp	10.4 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.19 bp	8.2 bp −$8	16.1 bp −$161	51.7 bp −$5,173	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	−0.0270%	8h	256.55	+0.387%	$5.5M	$16.4M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.13	+0.224%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.23	+0.263%	$49K	$346K	10x	as long as short
Binance MRVLUSDTshort	0.0000%	8h	256.41	+0.333%	$23.6M	$109.8M	50x
Bybit MRVLUSDT	0.0000%	8h	256.28	+0.282%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.40	+0.329%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.43	+0.340%	$5.5M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.31	+0.294%	$711K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.26	+0.273%	$602	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.14	+0.227%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	255.91	+0.137%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0016%	8h	256.08	+0.203%	$368K	$173K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.00	+0.172%	$594	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.03	+0.184%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.91	+0.137%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.75	+0.074%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.22	+0.258%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.02	+0.180%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.93	+0.145%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.93	+0.145%	$164	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.70	+0.055%	$549K	$751K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.94	+0.149%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0088%	1h	255.56	long leg	$322K	$633K	10x
Nado MRVL-PERP	+0.0094%	1h	255.86	+0.118%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.93	+0.145%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.95	+0.153%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.96	+0.155%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0106%	8h	256.30	+0.290%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	+0.192%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.383%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0402%	4h	256.34	+0.305%	$36K	$373K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0415%	1h	255.99	+0.168%	$22K	$144K	10x	as long as short