Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0907%/8h= −99.3% APRpaid last 24h +0.047%

Price spread now: QFEX against edgeX+0.040%57s7-day average −0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$330.329% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.345%+$35 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.040%, 7d avg −0.014%

Together, before fees+0.173%+ Points / potential airdropedgeX: Active · farm board+$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.053% dearer against edgeX than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.014%): +$5 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 4 days funding on this pair paid +0.345%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRVLUSDC	260.68	0.0932	pay 0.0466% / 4h	1h 54m	$37K	$369K	10x
Short	QFEX MRVL-USD	260.78	0.0026	get 0.0003% / 1h	54m 01s	$1.1M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. 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 edgeXbpFee QFEXbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$190.37
Price spread: +0.040% → −0.014%: $5.35
Slippage, 4 orders: −$13.92
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$217.94
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from edgeX: live order book, 9 min ago; QFEX: live order book, 9 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 edgeX live order book, 9 min ago	5.38 bp	10.1 bp −$10	14.6 bp −$146	doesn't fit	doesn't fit
Sell QFEX live order book, 9 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	260.58	−0.038%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.72	+0.017%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.67	−0.003%	$7.1M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.74	+0.024%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.73	+0.020%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	+0.029%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	+0.040%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.75	+0.028%	$1K	$6.2M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.70	+0.009%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	+0.036%	$132K	$41K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0014%	1h	260.42	−0.097%	$884	$50K	10x	as long as short
QFEX MRVL-USDshort	+0.0026%	1h	260.78	+0.040%	$1.1M	$3.7M	10x
Lighter MRVL	+0.0032%	1h	260.69	+0.005%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.194%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.38	−0.114%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.73	+0.020%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.06	+0.147%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.60	−0.030%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.59	−0.033%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.72	+0.017%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.69	+0.005%	$141	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	−0.064%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.73	+0.019%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.78	+0.040%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	−0.068%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.75	+0.028%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.72	+0.018%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	−0.076%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0204%	1h	260.67	−0.002%	$89K	$273K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.899%	$11K	$680	12x	as long as short
edgeX MRVLUSDClong	+0.0932%	4h	260.68	long leg	$37K	$369K	10x