Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.007%

Price spread now: QFEX against Bybit+0.035%7-day average −0.010% · 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−$34as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.035%, 7d avg −0.010%

Together, before fees−0.008%−$1 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 0.044% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRVLUSDT	259.22	0	get 0.0000% / 8h	20m 25s	$5.1M	$4.1M	50x
Short	QFEX MRVL-USD	259.31	0.0038	get 0.0005% / 1h	20m 25s	$1.1M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $8.06
Price spread: +0.035% → −0.010%: $4.43
Slippage, 4 orders: −$17.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$25.74
Costs to cover: 0.382%
Break-even: 29.3 days

Slippage from Bybit: live order book, 2 min ago; QFEX: live order book, 3 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 Bybit live order book, 2 min ago	0.96 bp	11.2 bp −$11	24.1 bp −$241	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.54 bp	6.5 bp −$7	7.5 bp −$75	12.8 bp −$1,283	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
Aster MRVLUSDT	0.0000%	8h	259.15	−0.027%	$313K	$328K	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	259.22	long leg	$5.1M	$4.1M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	259.34	+0.046%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.32	+0.039%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.38	+0.062%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.33	+0.042%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.42	+0.077%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.62	+0.154%	$131K	$59K	50x	as long as short
BloFin MRVL-USDT	+0.0004%	8h	259.36	+0.054%	$375K	$170K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	259.28	+0.022%	$880	$53K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MRVLUSDT	+0.0032%	8h	259.37	+0.058%	$24.3M	$114.7M	50x	as long as short
Lighter MRVL	+0.0032%	1h	259.35	+0.050%	$96K	$213K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	259.32	+0.040%	$49K	$206K	10x	as long as short
QFEX MRVL-USDshort	+0.0038%	1h	259.31	+0.035%	$1.1M	$4.3M	10x
Arcus MRVL-USD	+0.0040%	1h	259.06	−0.062%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.64	+0.162%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.19	−0.012%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.33	+0.042%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.27	+0.019%	$161	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.20	−0.008%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0056%	8h	259.37	+0.059%	$700	$224K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0059%	1h	259.26	+0.015%	$22K	$143K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0063%	8h	259.24	+0.009%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.336%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.20	−0.008%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.015%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.35	+0.050%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.32	+0.038%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0153%	1h	259.20	−0.006%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.34	+0.046%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+1.015%	$11K	$629	12x	as long as short
edgeX MRVLUSDC	+0.0374%	4h	259.30	+0.032%	$36K	$369K	10x	as long as short