Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0039%/8h= +4.2% APRpaid last 24h +0.007%

Price spread now: QFEX against Bitget+0.004%7-day average −0.053% · 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−$26as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days−0.078%−$8 · spread now +0.004%, 7d avg −0.053%

Together, before fees−0.076%−$8 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 0.057% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	257.09	−0.0014	get 0.0014% / 8h	3h 29m	$5.5M	$16.3M	20x
Short	QFEX MRVL-USD	257.10	0.0025	get 0.0003% / 1h	29m 17s	$1.1M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $8.1
Price spread: +0.004% → −0.053%: $5.71
Slippage, 4 orders: −$9.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.19
Costs to cover: 0.320%
Break-even: 22.7 days

Slippage from Bitget: live order book, 4 min ago; QFEX: live order book, 4 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 Bitget live order book, 4 min ago	1.36 bp	8.4 bp −$8	12.0 bp −$120	33.8 bp −$3,375	doesn't fit
Sell QFEX live order book, 4 min ago	1.56 bp	6.6 bp −$7	9.0 bp −$90	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	−0.0025%	8h	257.22	+0.051%	$370K	$172K	50x	as long as short
Bitget MRVLUSDTlong	−0.0014%	8h	257.09	long leg	$5.5M	$16.3M	20x
Aster MRVLUSDT	0.0000%	8h	257.07	−0.006%	$302K	$338K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.98	−0.041%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.09	+0.001%	$23.6M	$109.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.04	−0.019%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.04	−0.019%	$6.9M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.14	+0.019%	$5.5M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	257.20	+0.043%	$713K	$634K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.12	+0.011%	$612	$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	257.32	+0.089%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.87	−0.086%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.55	−0.210%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	256.90	−0.075%	$659	$49K	10x	as long as short
QFEX MRVL-USDshort	+0.0025%	1h	257.10	+0.004%	$1.1M	$3.6M	10x
Lighter MRVL	+0.0032%	1h	256.94	−0.058%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.77	−0.124%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.48	+0.152%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.99	−0.039%	$14.2M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.92	−0.066%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.23	+0.054%	$190	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.74	−0.136%	$571K	$721K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	256.74	−0.136%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	257.02	−0.026%	$88K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.54	−0.214%	$329K	$623K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.08	−0.004%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.02	−0.027%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.09	−0.002%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	257.32	+0.089%	$509K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	257.24	+0.058%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.774%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0659%	4h	257.10	+0.003%	$36K	$374K	10x	as long as short