Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.045%

Price spread now: Bitget against Coinbase International+0.105%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.339%−$34 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.105%, 7d avg −0.035%

Together, before fees−0.481%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.140% dearer against Coinbase International than usual: you sell high and buy low (spread +0.105% now, against its 7-day average of −0.035%): +$14 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	257.50	0.0136	pay 0.0017% / 1h	45m 44s	$317K	$892K	10x
Short	Bitget MRVLUSDT	257.77	0	get 0.0000% / 8h	1h 45m	$5.6M	$16.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.105%Rate

Funding earned: −$28.56
Price spread: +0.105% → −0.035%: $13.99
Slippage, 4 orders: −$16.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$52.7
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 38 min ago; Bitget: live order book, 3 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, 38 min ago	3.11 bp	8.1 bp −$8	12.6 bp −$126	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.94 bp	10.8 bp −$11	15.3 bp −$153	39.4 bp −$3,938	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
Nado MRVL-PERP	−0.0143%	1h	257.69	+0.073%	$152K	$257K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	−0.0138%	1h	257.58	+0.031%	$22K	$143K	10x	as long as short
BloFin MRVL-USDT	−0.0017%	8h	257.55	+0.019%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.72	+0.087%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.65	+0.058%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.74	+0.092%	$24.1M	$115.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.67	+0.066%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.78	+0.109%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.74	+0.093%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDTshort	0.0000%	8h	257.77	+0.105%	$5.6M	$16.3M	20x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	0.0000%	8h	257.80	+0.118%	$711K	$759K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.77	+0.106%	$382	$248K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	257.66	+0.062%	$2K	$7.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.56	+0.023%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	257.57	+0.029%	$598	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.86	+0.140%	$91K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.34	−0.062%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.91	+0.159%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.66	+0.062%	$14.6M	$9.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	257.77	+0.105%	$106K	$66K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.63	+0.050%	$263	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.43	−0.027%	$588K	$941K	10x	as long as short
QFEX MRVL-USD	+0.0064%	1h	257.60	+0.039%	$1.1M	$4.2M	10x	as long as short
Paradex MRVL-USD-PERP	+0.0065%	8h	257.72	+0.086%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.59	+0.035%	$510K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.58	+0.031%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.66	+0.062%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.64	+0.054%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0136%	1h	257.50	long leg	$317K	$892K	10x
Phoenix MRVL	+0.0187%	1h	257.73	+0.089%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	260.35	+1.107%	$11K	$610	12x	as long as short
edgeX MRVLUSDC	+0.0487%	4h	257.78	+0.110%	$36K	$368K	10x	as long as short