Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.039%

Price spread now: Coinbase International against OKX−0.065%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.065%, 7d avg +0.052%

Together, before fees+0.448%+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.117% cheaper against OKX than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.052%). If the spread goes back, that is −$12 on $10k: about 12 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.452% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	260.01	0	get 0.0000% / 8h	5h 46m	$7.0M	$22.1M	50x
Short	Coinbase International MRVL-PERP-INTX	259.84	0.0032	get 0.0004% / 1h	46m 07s	$334K	$630K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.065%Rate

Funding earned: $6.72
Price spread: −0.065% → +0.052%: −$11.75
Slippage, 4 orders: −$15.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$40.1
Costs to cover: 0.351%
Break-even: 48.8 days

Slippage from OKX: live order book, 2 min ago; Coinbase International: live order book, 17 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 OKX live order book, 2 min ago	0.38 bp	7.6 bp −$8	13.1 bp −$131	doesn't fit	doesn't fit
Sell Coinbase International live order book, 17 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
BloFin MRVL-USDT	−0.0006%	8h	260.10	+0.035%	—	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.09	+0.031%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.01	0.000%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	260.01	long leg	$7.0M	$22.1M	50x
Gate MRVL_USDT	0.0000%	8h	260.04	+0.012%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.19	+0.069%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.10	+0.034%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.56	+0.210%	$466	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.14	+0.050%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.03	+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	+0.0016%	1h	260.10	+0.036%	$984	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.04	+0.012%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.05	+0.015%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0032%	1h	259.84	−0.065%	$334K	$630K	10x
Extended MRVL-USD	+0.0040%	1h	260.02	+0.004%	$51K	$353K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.94	−0.027%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0042%	8h	260.08	+0.027%	$24.2M	$108.0M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.39	+0.146%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.93	−0.031%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.01	0.000%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.01	0.000%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.90	−0.042%	$574K	$675K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	259.94	−0.025%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.23	+0.085%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.16	+0.058%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.02	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.04	+0.011%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0138%	1h	259.93	−0.031%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.30	+0.112%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.300%	$11K	$693	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0250%	1h	260.03	+0.008%	$23K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0268%	4h	260.19	+0.071%	$37K	$371K	10x	as long as short