Funding you earn now, next payment 04:00 UTC−0.0160%/8h= −17.6% APRnext payment −$0.20 per $10,000 · paid last 24h −0.036%
Price spread now: QFEX against Phoenix−0.207%52s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and QFEX is 0.207% cheaper against Phoenix than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 | Phoenix MRVL | 256.34 | 0.0185 | pay 0.0023% / 1h | 22m 15s | $11K | $12K | 10x |
| Short | QFEX MRVL-USD | 255.81 | 0.0025 | get 0.0003% / 1h | 22m 15s | $1.1M | $3.6M | 10x |
Phoenix MRVL
QFEX MRVL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.7
- Price spread: −0.207% → 0.000%
- −$20.68
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$71.37
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; QFEX: live order book, 6 min ago. Net counts fees only.
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 Phoenix no order-book sample | — | — | — | — | — |
| 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 |
Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.020% | $5.5M | $16.3M | 20x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 256.20 | −0.055% | $301K | $339K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 256.11 | −0.092% | $49K | $346K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 256.20 | −0.053% | $23.5M | $109.6M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 256.21 | −0.051% | $5.0M | $3.9M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 256.34 | 0.000% | $6.8M | $22.7M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 256.07 | −0.105% | $5.4M | $8.2M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 256.46 | +0.046% | $712K | $632K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 256.41 | +0.028% | $603 | $191K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 255.97 | −0.144% | $1K | $6.0M | 10x | as long as short |
Bitget MRVLUSDT
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Variational Omni MRVL
GRVT MRVL_USDT_Perp
SunX MRVL-USDTShow 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 | +0.012% | $129K | $42K | 50x | as long as short |
| BloFin MRVL-USDT | +0.0014% | 8h | 255.92 | −0.164% | $366K | $173K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0020% | 1h | 256.33 | −0.003% | $699 | $49K | 10x | as long as short |
| QFEX MRVL-USDshort | +0.0025% | 1h | 255.81 | −0.207% | $1.1M | $3.6M | 10x | |
| Lighter MRVL | +0.0032% | 1h | 256.19 | −0.059% | $89K | $203K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 256.04 | −0.117% | $25K | $27K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 256.07 | −0.105% | — | $50K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 255.83 | −0.199% | $14.1M | $8.7M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 255.70 | −0.250% | $101K | $80K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 255.87 | −0.183% | $169 | $15K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0050% | 8h | 255.66 | −0.264% | — | — | 5x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 255.76 | −0.226% | $551K | $751K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0088% | 1h | 255.85 | −0.191% | $322K | $634K | 10x | as long as short |
| Nado MRVL-PERP | +0.0089% | 1h | 255.64 | −0.273% | $87K | $272K | 10x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 256.76 | +0.164% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 256.16 | −0.070% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 256.13 | −0.083% | $18 | — | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0105% | 8h | 256.31 | −0.012% | $507K | $62K | 20x | as long as short |
| Phoenix MRVLlong | +0.0185% | 1h | 256.34 | long leg | $11K | $12K | 10x | |
| Deribit MRVL_USDC-PERPETUAL | +0.0218% | 1h | 256.29 | −0.020% | $22K | $144K | 10x | as long as short |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 261.65 | +2.071% | $11K | $734 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0754% | 4h | 256.90 | +0.219% | $36K | $371K | 10x | as long as short |
HTX MRVL-USDT
BloFin MRVL-USDT
Aftermath Perps MRVLUSD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Paradex MRVL-USD-PERP
Ondo Perps MRVL-USD.P
Coinbase International MRVL-PERP-INTX
Nado MRVL-PERP
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
KuCoin MRVLUSDTM
Deribit MRVL_USDC-PERPETUAL
Injective MRVL/USDC PERP
edgeX MRVLUSDC