MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0006%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h −0.032%

Price spread now: QFEX against Coinbase International+0.261%7-day average −0.049% · 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$0as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.146%−$15 on $10k

Price spread, last 3 days (all we have)−0.327%−$33 · spread now +0.261%, 7d avg −0.049%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.310% dearer against Coinbase International than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MRVL-PERP-INTX	260.17	0.0032	pay 0.0004% / 1h	55m 22s	$335K	$631K	10x
Short	QFEX MRVL-USD	260.85	0.0026	get 0.0003% / 1h	55m 22s	$1.1M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.261%Rate

Funding earned: −$1.34
Price spread: +0.261% → −0.049%: $31.03
Slippage, 4 orders: −$11.52
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$1.83
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 8 min ago; QFEX: live order book, 8 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 Coinbase International live order book, 8 min ago	4.42 bp	9.4 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	1.34 bp	6.3 bp −$6	6.8 bp −$68	14.5 bp −$1,451	doesn't fit

MRVL on 31 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	260.63	+0.179%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.80	+0.242%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.82	+0.250%	$7.1M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.87	+0.269%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.87	+0.269%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	+0.224%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	+0.234%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.77	+0.231%	$1K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.96	−0.081%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.44	+0.104%	$884	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USDshort	+0.0026%	1h	260.85	+0.261%	$1.1M	$3.7M	10x
Lighter MRVL	+0.0032%	1h	260.84	+0.258%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0032%	1h	260.17	long leg	$335K	$631K	10x
Extended MRVL-USD	+0.0040%	1h	260.83	+0.254%	$51K	$356K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.32	+0.058%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0044%	8h	260.82	+0.250%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.12	+0.365%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.66	+0.188%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.74	+0.219%	$104K	$79K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	+0.131%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.83	+0.255%	—	—	5x	as long as short
SoDEX MRVL-USD	+0.0097%	1h	260.73	+0.215%	$156	$15K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.71	+0.208%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	+0.127%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.78	+0.234%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.66	+0.187%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	+0.119%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0216%	1h	260.71	+0.208%	$89K	$273K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+1.095%	$11K	$680	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0249%	1h	260.70	+0.204%	$23K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0932%	4h	260.68	+0.195%	$37K	$369K	10x	as long as short