Funding you earn now, next payment 03:00 UTC−0.0089%/8h= −9.8% APRnext payment −$0.11 per $10,000 · paid last 24h −0.014%
Price spread now: Coinbase International against Phoenix−0.441%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.441% cheaper against Phoenix than usual: you would sell low and buy high (−$44 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 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 | Phoenix MRVL | 260.99 | 0.0153 | pay 0.0019% / 1h | 37m 28s | $11K | $12K | 10x |
| Short | Coinbase International MRVL-PERP-INTX | 259.84 | 0.0064 | get 0.0008% / 1h | 37m 28s | $334K | $629K | 10x |
Phoenix MRVL
Coinbase International MRVL-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.71
- Price spread: −0.441% → 0.000%
- −$44.06
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$79.77
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Coinbase International: live order book, 21 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 21 min ago | 0.19 bp | 8.1 bp −$8 | 12.1 bp −$121 | doesn't fit | doesn't fit |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0023% | 8h | 260.92 | −0.027% | $375K | $172K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 260.94 | −0.019% | $313K | $330K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 260.82 | −0.063% | $47K | $349K | 10x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 260.83 | −0.061% | $5.1M | $3.8M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 260.80 | −0.073% | $7.0M | $22.3M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 260.92 | −0.027% | $5.6M | $8.1M | 50x | as long as short |
| Bitget MRVLUSDT | 0.0000% | 8h | 260.90 | −0.034% | $5.6M | $16.0M | 20x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 261.17 | +0.068% | $719K | $641K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 261.14 | +0.058% | $595 | $188K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 260.91 | −0.031% | $1K | $6.1M | 10x | as long as short |
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Bitget MRVLUSDT
Variational Omni MRVL
GRVT MRVL_USDT_Perp
SunX MRVL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 260.81 | −0.069% | $23K | $144K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 260.89 | −0.038% | $132K | $42K | 50x | as long as short |
| Binance MRVLUSDT | +0.0002% | 8h | 260.85 | −0.054% | $24.3M | $107.7M | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0017% | 1h | 260.84 | −0.059% | $721 | $49K | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 260.90 | −0.034% | $94K | $200K | 10x | as long as short |
| QFEX MRVL-USD | +0.0038% | 1h | 260.86 | −0.050% | $1.1M | $3.6M | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 260.71 | −0.107% | $26K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 261.24 | +0.096% | — | $49K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 260.73 | −0.100% | $14.5M | $8.3M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 260.71 | −0.107% | $104K | $79K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 260.84 | −0.057% | $120 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 260.89 | −0.038% | $577K | $681K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0053% | 8h | 260.84 | −0.059% | — | — | 5x | as long as short |
| edgeX MRVLUSDC | +0.0059% | 4h | 260.91 | −0.029% | $37K | $371K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTXshort | +0.0064% | 1h | 259.84 | −0.441% | $334K | $629K | 10x | |
| Nado MRVL-PERP | +0.0087% | 1h | 260.85 | −0.055% | $89K | $272K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 261.05 | +0.023% | $516K | $60K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 261.00 | +0.004% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 260.86 | −0.050% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 260.83 | −0.063% | $18 | — | 10x | as long as short |
| Phoenix MRVLlong | +0.0153% | 1h | 260.99 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 263.69 | +1.035% | $11K | $700 | 12x | as long as short |
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Binance MRVLUSDT
Aftermath Perps MRVLUSD
Lighter MRVL
QFEX MRVL-USD
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
edgeX MRVLUSDC
Nado MRVL-PERP
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP