Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h −0.019%

Price spread now: QFEX against KuCoin−0.043%7-day average +0.008% · 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−$245as in the Price arb table

costs, in and out, $10k−$2402.396% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now −0.043%, 7d avg +0.008%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.051% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MRVLUSDTM	254.74	0.0100	pay 0.0100% / 8h	1h 43m	$504K	$66K	20x
Short	QFEX MRVL-USD	254.63	0.0034	get 0.0004% / 1h	43m 43s	$1.1M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: −$13.93
Price spread: −0.043% → +0.008%: −$5.14
Slippage, 4 orders: −$217.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$258.65
Costs to cover: 2.396%
Break-even: never at this rate

Slippage from KuCoin: live order book, 75 min ago; QFEX: live order book, 5 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 KuCoin live order book, 75 min ago	4.30 bp	94.1 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.57 bp	6.6 bp −$7	8.4 bp −$84	16.3 bp −$1,631	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	−0.0760%	8h	254.80	+0.024%	$5.5M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.65	−0.034%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.58	−0.061%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.65	−0.037%	$23.4M	$113.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.55	−0.075%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.61	−0.051%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.63	−0.043%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.51	−0.092%	$708K	$479K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.65	−0.036%	$626	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.68	−0.024%	$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
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.51	−0.090%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.55	−0.075%	$130K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0005%	8h	254.53	−0.082%	$364K	$183K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	254.76	+0.007%	$593	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.72	−0.008%	$324K	$642K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.63	−0.043%	$88K	$169K	10x	as long as short
QFEX MRVL-USDshort	+0.0034%	1h	254.63	−0.043%	$1.1M	$3.6M	10x
Arcus MRVL-USD	+0.0040%	1h	254.48	−0.102%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.80	+0.024%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.52	−0.086%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.46	−0.110%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.51	−0.090%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.36	−0.149%	$556K	$774K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.56	−0.070%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0064%	1h	254.57	−0.068%	$87K	$272K	10x	as long as short
edgeX MRVLUSDC	+0.0069%	4h	254.63	−0.041%	$36K	$375K	10x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	254.74	long leg	$504K	$66K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	254.65	−0.035%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.58	−0.063%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.54	−0.077%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.01	+0.106%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.209%	$11K	$851	12x	as long as short