Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.001%

Price spread now: KuCoin against Coinbase International−0.086%51s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$272as 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−$2432.427% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.296%−$30 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.086%, 7d avg −0.052%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.052%). If the spread goes back, that is −$3 on $10k: about 9.3 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.296%, so the current rate has only just turned in your favour. The two prices were read 51 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	Coinbase International MRVL-PERP-INTX	257.16	0.0088	pay 0.0011% / 1h	39m 24s	$330K	$624K	10x
Short	KuCoin MRVLUSDTM	256.94	0.0100	get 0.0100% / 8h	3h 39m	$508K	$61K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.086%Rate

Funding earned: $2.52
Price spread: −0.086% → −0.052%: −$3.36
Slippage, 4 orders: −$220.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$243.52
Costs to cover: 2.427%
Break-even: 683.4 days

Slippage from Coinbase International: live order book, 14 min ago; KuCoin: live order book, 34 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, 14 min ago	5.41 bp	10.4 bp −$10	14.0 bp −$140	doesn't fit	doesn't fit
Sell KuCoin live order book, 34 min ago	5.38 bp	153.7 bp −$154	doesn't fit	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-USDT	−0.0011%	8h	257.39	+0.089%	$370K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.88	−0.109%	$308K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.91	−0.098%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.60	−0.216%	$23.6M	$108.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.63	−0.206%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.64	−0.202%	$6.9M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.88	−0.109%	$5.5M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.91	−0.097%	$5.5M	$16.2M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.34	+0.072%	$714K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.32	+0.062%	$818	$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	257.14	−0.008%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.99	−0.066%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.78	+0.241%	$130K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	257.54	+0.147%	$598	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.85	−0.121%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.92	−0.093%	$89K	$203K	10x	as long as short
Nado MRVL-PERP	+0.0038%	1h	256.83	−0.127%	$88K	$272K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.18	+0.008%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.20	+0.016%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.58	−0.226%	$14.4M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.69	−0.183%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.02	−0.054%	$190	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.67	−0.191%	$573K	$720K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.91	−0.097%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0088%	1h	257.16	long leg	$330K	$624K	10x
KuCoin MRVLUSDTMshort	+0.0100%	8h	256.94	−0.086%	$508K	$61K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	257.78	+0.241%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.57	−0.229%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.54	−0.241%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	257.70	+0.210%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.746%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0222%	4h	257.39	+0.090%	$36K	$371K	10x	as long as short