Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.050%

Price spread now: OKX against Coinbase International+0.023%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.460%−$46 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.023%, 7d avg −0.054%

Together, before fees−0.555%−$56 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: OKX is 0.077% dearer against Coinbase International than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	260.67	0.0008	pay 0.0001% / 1h	56m 02s	$335K	$720K	10x
Short	OKX MRVL-USDT-SWAP	260.73	0	get 0.0000% / 8h	6h 56m	$7.0M	$22.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$1.68
Price spread: +0.023% → −0.054%: $7.73
Slippage, 4 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$21.95
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 12 min ago; OKX: live order book, 2 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, 12 min ago	0.19 bp	6.3 bp −$6	13.3 bp −$133	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.19 bp	8.1 bp −$8	15.6 bp −$156	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	−0.0019%	8h	260.63	−0.015%	$375K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.76	+0.033%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.73	+0.023%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	260.73	+0.023%	$7.0M	$22.5M	50x
Gate MRVL_USDT	0.0000%	8h	260.67	0.000%	$5.6M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.73	+0.023%	$978	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.55	−0.046%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.11	+0.169%	$132K	$45K	50x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0008%	1h	260.67	long leg	$335K	$720K	10x
Aftermath Perps MRVLUSD	+0.0011%	1h	261.00	+0.126%	$886	$51K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0023%	1h	260.61	−0.023%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.64	−0.012%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.78	+0.042%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.01	+0.130%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.64	−0.012%	$14.7M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.60	−0.027%	$104K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.68	+0.004%	$136	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.48	−0.073%	$567K	$909K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.70	+0.013%	—	—	5x	as long as short
Variational Omni MRVL	+0.0057%	8h	260.69	+0.008%	$724K	$759K	—	as long as short
Nado MRVL-PERP	+0.0072%	1h	260.70	+0.013%	$89K	$316K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.84	+0.065%	$516K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.91	+0.092%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.73	+0.023%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.66	−0.004%	$18	—	10x	as long as short
edgeX MRVLUSDC	+0.0105%	4h	261.24	+0.218%	$37K	$368K	10x	as long as short
Extended MRVL-USD	+0.0112%	1h	260.65	−0.006%	$47K	$350K	10x	as long as short
Binance MRVLUSDT	+0.0112%	8h	260.78	+0.043%	$24.2M	$114.2M	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0209%	8h	261.12	+0.173%	$1K	$198K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.33	+0.253%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.90	+1.239%	$11K	$672	12x	as long as short
Bitget MRVLUSDT	+0.0234%	8h	260.75	+0.031%	$5.5M	$16.5M	20x	as long as short