Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC−0.0840%/8hpaid last 24h +0.208%

Price spread now: Coinbase International against edgeX+0.076%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.076%, 7d avg +0.058%

Together, before fees+0.295%+ Points / potential airdropedgeX: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.058%, so right now this pair is about funding alone: −$25 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.347%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.347% in total (about 18.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRVLUSDC	260.29	0.0920	pay 0.0460% / 4h	22m 19s	$36K	$365K	10x
Short	Coinbase International MRVL-PERP-INTX	260.49	0.0080	get 0.0010% / 1h	22m 19s	$324K	$879K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$176.31
Price spread: +0.076% → +0.058%: $1.88
Slippage, 4 orders: −$17.93
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$211.36
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from edgeX: live order book, 10 min ago; Coinbase International: live order book, 10 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 edgeX live order book, 10 min ago	5.39 bp	10.1 bp −$10	14.5 bp −$145	doesn't fit	doesn't fit
Sell Coinbase International live order book, 10 min ago	2.89 bp	8.6 bp −$9	13.5 bp −$135	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
Aster MRVLUSDT	0.0000%	8h	260.55	+0.099%	$319K	$320K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.69	+0.152%	$45K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.68	+0.149%	$24.7M	$110.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.61	+0.122%	$5.2M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.66	+0.142%	$7.3M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.71	+0.161%	$5.6M	$9.5M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.66	+0.142%	$5.7M	$15.3M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.13	−0.061%	$721K	$757K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.31	+0.007%	$544	$238K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.54	+0.096%	$1K	$7.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.69	+0.153%	$19K	$135K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.21	−0.031%	$130K	$76K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	260.53	+0.092%	$392K	$168K	50x	as long as short
QFEX MRVL-USD	+0.0016%	1h	260.62	+0.126%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps MRVLUSD	+0.0032%	1h	260.03	−0.102%	$604	$55K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.53	+0.092%	$105K	$225K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0034%	1h	260.54	+0.096%	$14.2M	$9.0M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.26	−0.012%	$25K	$30K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.96	+0.257%	—	$38K	25x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.66	+0.142%	$31	$14K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	260.51	+0.082%	—	—	5x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.08	−0.081%	$588K	$928K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0073%	1h	260.84	+0.211%	$107K	$64K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0080%	1h	260.49	+0.076%	$324K	$879K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	260.65	+0.138%	$518K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.10	−0.073%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.68	+0.149%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.67	+0.144%	$18	—	10x	as long as short
Phoenix MRVL	+0.0123%	1h	259.78	−0.196%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.55	+0.868%	$11K	$567	12x	as long as short
Nado MRVL-PERP	+0.0339%	1h	260.48	+0.071%	$516K	$69K	10x	as long as short
edgeX MRVLUSDClong	+0.0920%	4h	260.29	long leg	$36K	$365K	10x