Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.028%

Price spread now: Coinbase International against HTX−0.016%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs+$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.475%+$47 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.016%, 7d avg +0.057%

Together, before fees+0.598%+$60 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.072% cheaper against HTX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.057%). If the spread goes back, that is −$7 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.475% in total) that is about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	253.64	0	get 0.0000% / 8h	2h 25m	$128K	$43K	50x
Short	Coinbase International MRVL-PERP-INTX	253.60	0.0096	get 0.0012% / 1h	25m 50s	$318K	$634K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.016%Rate

Funding earned: $20.16
Price spread: −0.016% → +0.057%: −$7.23
Slippage, 4 orders: −$15.99
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$25.06
Costs to cover: 0.380%
Break-even: 15.7 days

Slippage from HTX: live order book, 20 min ago; Coinbase International: live order book, 22 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 HTX live order book, 20 min ago	2.93 bp	8.9 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Coinbase International live order book, 22 min ago	4.88 bp	9.9 bp −$10	14.0 bp −$140	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
Bitget MRVLUSDT	−0.0841%	8h	253.92	+0.110%	$5.5M	$16.7M	20x	as long as short
BloFin MRVL-USDT	−0.0012%	8h	253.80	+0.063%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.77	+0.050%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.69	+0.020%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.75	+0.043%	$23.5M	$111.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.64	0.000%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.76	+0.047%	$6.7M	$23.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.76	+0.047%	$5.3M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.73	+0.037%	$704K	$489K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.58	+0.369%	$1K	$191K	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	253.76	+0.047%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	253.63	−0.004%	$22K	$144K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	253.64	long leg	$128K	$43K	50x
Aftermath Perps MRVLUSD	+0.0019%	1h	254.19	+0.218%	$590	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	253.68	+0.016%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	253.67	+0.012%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.87	+0.091%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.90	+0.103%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.62	−0.008%	$13.9M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.58	−0.024%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.66	+0.008%	$172	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.64	0.000%	$556K	$743K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.63	−0.005%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0080%	1h	253.66	+0.008%	$86K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0096%	1h	253.60	−0.016%	$318K	$634K	10x
ApeX Omni MRVLUSDT	+0.0100%	1h	254.29	+0.256%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.66	+0.008%	$2K	$3K	10x	as long as short
KuCoin MRVLUSDTM	+0.0104%	8h	253.85	+0.083%	$501K	$63K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.67	+0.012%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.67	+0.406%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.971%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0960%	4h	254.58	+0.372%	$36K	$372K	10x	as long as short