Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h +0.011%

Price spread now: QFEX against Aster+0.038%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.038%, 7d avg −0.008%

Together, before fees−0.196%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.046% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	253.56	0	get 0.0000% / 8h	7h 47m	$299K	$341K	50x
Short	QFEX MRVL-USD	253.66	0.0022	get 0.0003% / 1h	47m 36s	$1.1M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $4.65
Price spread: +0.038% → −0.008%: $4.61
Slippage, 4 orders: −$34.11
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.85
Costs to cover: 0.521%
Break-even: 71.5 days

Slippage from Aster: live order book, 49 min ago; QFEX: live order book, 6 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 Aster live order book, 49 min ago	3.32 bp	17.5 bp −$18	136.4 bp −$1,364	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.38 bp	6.5 bp −$6	9.2 bp −$92	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
GRVT MRVL_USDT_Perp	−0.0512%	8h	253.63	+0.027%	$751	$187K	10x	as long as short
Bitget MRVLUSDT	−0.0460%	8h	253.77	+0.082%	$5.5M	$17.4M	20x	as long as short
BloFin MRVL-USDT	−0.0029%	8h	253.94	+0.149%	$366K	$190K	50x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	253.56	long leg	$299K	$341K	50x
Extended MRVL-USD	0.0000%	1h	253.66	+0.040%	$47K	$306K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.72	+0.062%	$23.3M	$114.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.59	+0.011%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.70	+0.054%	$6.7M	$24.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.68	+0.046%	$5.0M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.05	+0.193%	$711K	$455K	—	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	253.70	+0.054%	$1K	$5.8M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	253.69	+0.050%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	253.81	+0.097%	$131K	$48K	50x	as long as short
Nado MRVL-PERP	+0.0008%	1h	253.75	+0.074%	$86K	$272K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	253.77	+0.082%	$1K	$46K	10x	as long as short
QFEX MRVL-USDshort	+0.0022%	1h	253.66	+0.038%	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	253.73	+0.066%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.51	−0.021%	$23K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.85	+0.113%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0048%	8h	253.67	+0.040%	—	—	5x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.61	+0.019%	$14.0M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.59	+0.011%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.65	+0.034%	$112	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.62	+0.022%	$533K	$840K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	253.82	+0.101%	$325K	$664K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	253.60	+0.015%	$501K	$97K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	253.73	+0.066%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.51	−0.021%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.49	−0.030%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.30	−0.104%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.210%	$11K	$845	12x	as long as short
edgeX MRVLUSDC	+0.0296%	4h	253.49	−0.030%	$36K	$374K	10x	as long as short