Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.005%

Price spread now: QFEX against GRVT−0.235%57s7-day average −0.034% · you buy dearer than you sell

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−$310.308% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.235%, 7d avg −0.034%

Together, before fees+0.089%+ Points / potential airdropGRVT: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.201% cheaper against GRVT than usual: you would sell low and buy high (spread −0.235% now, against its 7-day average of −0.034%). If the spread goes back, that is −$20 on $10k: about 27 days of funding at the current rate (+$1 a day). 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	GRVT MRVL_USDT_Perp	256.41	0	get 0.0000% / 8h	3h 22m	$603	$191K	10x
Short	QFEX MRVL-USD	255.81	0.0025	get 0.0003% / 1h	22m 15s	$1.1M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GRVT. 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 GRVTbpFee QFEXbpOrdersPrice spread, now −0.235%Rate

Funding earned: $5.16
Price spread: −0.235% → −0.034%: −$20.11
Slippage, 4 orders: −$11.84
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.8
Costs to cover: 0.308%
Break-even: 69.2 days

Slippage from GRVT: live order book, 30 min ago; QFEX: live order book, 6 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 GRVT live order book, 30 min ago	1.35 bp	7.7 bp −$8	17.5 bp −$175	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.56 bp	6.6 bp −$7	7.6 bp −$76	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
Bitget MRVLUSDT	−0.0158%	8h	256.39	−0.009%	$5.5M	$16.3M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.20	−0.083%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.11	−0.119%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.20	−0.081%	$23.5M	$109.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.21	−0.079%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.34	−0.028%	$6.8M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.07	−0.133%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.46	+0.018%	$712K	$632K	—	as long as short
GRVT MRVL_USDT_Perplong	0.0000%	8h	256.41	long leg	$603	$191K	10x
SunX MRVL-USDT	0.0000%	8h	255.97	−0.172%	$1K	$6.0M	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	256.37	−0.016%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0014%	8h	255.92	−0.192%	$366K	$173K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	256.33	−0.031%	$699	$49K	10x	as long as short
QFEX MRVL-USDshort	+0.0025%	1h	255.81	−0.235%	$1.1M	$3.6M	10x
Lighter MRVL	+0.0032%	1h	256.19	−0.087%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.04	−0.145%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.07	−0.133%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.83	−0.227%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.70	−0.278%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.87	−0.211%	$169	$15K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	255.66	−0.292%	—	—	5x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.76	−0.254%	$551K	$751K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.85	−0.219%	$322K	$634K	10x	as long as short
Nado MRVL-PERP	+0.0089%	1h	255.64	−0.301%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.76	+0.136%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.16	−0.098%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.13	−0.111%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0105%	8h	256.31	−0.040%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.34	−0.028%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0218%	1h	256.29	−0.048%	$22K	$144K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.043%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0754%	4h	256.90	+0.191%	$36K	$371K	10x	as long as short