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 +0.012%

Price spread now: QFEX against HTX−0.100%7-day average +0.021% · 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−$42as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on HTX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.116%+$12 · spread now −0.100%, 7d avg +0.021%

Together, before fees+0.134%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.121% cheaper against HTX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.021%). If the spread goes back, that is −$12 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.018% in total) that is about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	259.62	0	get 0.0000% / 8h	22m 01s	$131K	$59K	50x
Short	QFEX MRVL-USD	259.36	0.0038	get 0.0005% / 1h	22m 01s	$1.1M	$4.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against HTX. 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 HTXbpFee QFEXbpOrdersPrice spread, now −0.100%Rate

Funding earned: $8.06
Price spread: −0.100% → +0.021%: −$12.13
Slippage, 4 orders: −$7.74
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$33.81
Costs to cover: 0.297%
Break-even: 36.3 days

Slippage from HTX: live order book, 54 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 HTX live order book, 54 min ago	2.90 bp	8.9 bp −$9	18.4 bp −$184	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	0.96 bp	6.0 bp −$6	6.0 bp −$60	12.9 bp −$1,288	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	259.22	−0.155%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.31	−0.119%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.35	−0.104%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.41	−0.081%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.43	−0.073%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.30	−0.125%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.38	−0.092%	$1K	$6.8M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.36	−0.100%	$22K	$143K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	259.62	long leg	$131K	$59K	50x
Aftermath Perps MRVLUSD	+0.0018%	1h	259.29	−0.128%	$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
BloFin MRVL-USDT	+0.0025%	8h	259.32	−0.116%	$376K	$170K	50x	as long as short
Binance MRVLUSDT	+0.0028%	8h	259.44	−0.070%	$24.3M	$114.7M	50x	as long as short
Lighter MRVL	+0.0032%	1h	259.46	−0.062%	$96K	$213K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	259.39	−0.087%	$49K	$206K	10x	as long as short
QFEX MRVL-USDshort	+0.0038%	1h	259.36	−0.100%	$1.1M	$4.3M	10x
Arcus MRVL-USD	+0.0040%	1h	259.11	−0.196%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.73	+0.042%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.28	−0.131%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.38	−0.092%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.39	−0.089%	$176	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.23	−0.150%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0055%	8h	259.31	−0.120%	$708	$226K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0063%	8h	259.34	−0.109%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.489%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.28	−0.131%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.169%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.40	−0.085%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.38	−0.091%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0154%	1h	259.27	−0.135%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.34	−0.108%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.859%	$11K	$629	12x	as long as short
edgeX MRVLUSDC	+0.0707%	4h	259.38	−0.094%	$36K	$368K	10x	as long as short