Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.009%

Price spread now: Coinbase International against KuCoin−0.150%51s7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as 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−$2142.137% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.150%, 7d avg +0.061%

Together, before fees+0.368%+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.210% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.061%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.304%, so the current rate has only just turned against you. 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	KuCoin MRVLUSDTM	260.23	0.0100	pay 0.0100% / 8h	5h 24m	$514K	$61K	20x
Short	Coinbase International MRVL-PERP-INTX	259.84	0.0032	get 0.0004% / 1h	24m 26s	$334K	$630K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$14.28
Price spread: −0.150% → +0.061%: −$21.05
Slippage, 4 orders: −$191.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$249.05
Costs to cover: 2.137%
Break-even: never at this rate

Slippage from KuCoin: live order book, 73 min ago; Coinbase International: live order book, 39 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 KuCoin live order book, 73 min ago	6.16 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 39 min ago	4.42 bp	9.4 bp −$9	13.0 bp −$130	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	260.07	−0.060%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.02	−0.081%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.12	−0.042%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.11	−0.046%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.21	−0.008%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.08	−0.057%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.12	−0.042%	$840	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.02	−0.081%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.92	−0.119%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.25	+0.008%	$131K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0015%	1h	260.04	−0.073%	$604	$50K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.05	−0.069%	$377K	$170K	50x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.01	−0.085%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0028%	8h	260.16	−0.025%	$24.2M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.02	−0.081%	$94K	$204K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	259.99	−0.091%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0032%	1h	259.84	−0.150%	$334K	$630K	10x
Arcus MRVL-USD	+0.0040%	1h	259.87	−0.138%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.46	+0.088%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.00	−0.088%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.99	−0.092%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.96	−0.104%	$166	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.84	−0.150%	$575K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	259.98	−0.094%	—	—	5x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	260.23	long leg	$514K	$61K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	260.02	−0.081%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.09	−0.054%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.07	−0.060%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0106%	1h	259.96	−0.103%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.11	−0.046%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.214%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0890%	4h	260.05	−0.071%	$37K	$370K	10x	as long as short