Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0049%/8h= +5.3% APRpaid last 24h +0.009%

Price spread now: QFEX against BloFin+0.031%7-day average −0.004% · 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−$27as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.031%, 7d avg −0.004%

Together, before fees−0.073%−$7 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 0.034% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MRVL-USDT	260.28	−0.0023	get 0.0023% / 8h	5h 29m	$376K	$171K	50x
Short	QFEX MRVL-USD	260.36	0.0026	get 0.0003% / 1h	29m 19s	$1.1M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $10.24
Price spread: +0.031% → −0.004%: $3.45
Slippage, 4 orders: −$7.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$16.26
Costs to cover: 0.300%
Break-even: 18.1 days

Slippage from BloFin: live order book, 11 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 BloFin live order book, 11 min ago	0.38 bp	8.1 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.73 bp	6.7 bp −$7	7.6 bp −$76	16.2 bp −$1,624	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-USDTlong	−0.0023%	8h	260.28	long leg	$376K	$171K	50x
Aster MRVLUSDT	0.0000%	8h	260.37	+0.035%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.15	−0.050%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.21	−0.027%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.37	+0.035%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.34	+0.023%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.58	+0.116%	$717K	$653K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.64	+0.138%	$842	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.31	+0.012%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.24	−0.015%	$23K	$143K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.25	−0.012%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.27	−0.003%	$884	$50K	10x	as long as short
QFEX MRVL-USDshort	+0.0026%	1h	260.36	+0.031%	$1.1M	$3.7M	10x
Lighter MRVL	+0.0032%	1h	260.15	−0.050%	$94K	$204K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	260.26	−0.009%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.169%	$334K	$630K	10x	as long as short
Binance MRVLUSDT	+0.0034%	8h	260.19	−0.035%	$24.2M	$108.0M	50x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.16	−0.046%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.74	+0.177%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.16	−0.046%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.23	−0.019%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.23	−0.019%	$156	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.02	−0.100%	$578K	$678K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	260.24	−0.015%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.50	+0.085%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.43	+0.058%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.34	+0.023%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.27	−0.002%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0121%	1h	260.24	−0.014%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.46	+0.069%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.195%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0317%	4h	260.37	+0.033%	$37K	$372K	10x	as long as short