Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0064%/8h= −7.1% APRpaid last 24h −0.011%

Price spread now: Aster against QFEX−0.213%7-day average +0.004% · 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−$78as in the Price arb table

costs, in and out, $10k−$560.560% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.259%+$26 · spread now −0.213%, 7d avg +0.004%

Together, before fees+0.242%+ Points / potential airdropAster: Stage 5 · farm board+$24 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 Aster is 0.217% cheaper against QFEX than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	258.54	0.0064	pay 0.0008% / 1h	26m 15s	$1.1M	$4.2M	10x
Short	Aster MRVLUSDT	257.99	0	get 0.0000% / 8h	1h 26m	$311K	$331K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.213%Rate

Funding earned: −$13.54
Price spread: −0.213% → +0.004%: −$21.74
Slippage, 4 orders: −$37.97
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$91.25
Costs to cover: 0.560%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Aster: live order book, 56 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 QFEX live order book, 7 min ago	1.35 bp	6.4 bp −$6	6.5 bp −$65	13.5 bp −$1,349	doesn't fit
Sell Aster live order book, 56 min ago	2.33 bp	24.6 bp −$25	doesn't fit	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
Nado MRVL-PERP	−0.0052%	1h	258.34	−0.076%	$74K	$309K	10x	as long as short
BloFin MRVL-USDT	−0.0001%	8h	258.36	−0.070%	$375K	$171K	50x	as long as short
Aster MRVLUSDTshort	0.0000%	8h	257.99	−0.213%	$311K	$331K	50x
Extended MRVL-USD	0.0000%	1h	258.49	−0.020%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	258.57	+0.012%	$24.2M	$114.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.39	−0.058%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.47	−0.027%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.52	−0.008%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	258.54	0.000%	$5.6M	$16.5M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	258.36	−0.069%	$713K	$759K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	258.52	−0.009%	$618	$238K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	258.58	+0.015%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	258.19	−0.135%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	258.37	−0.064%	$662	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	258.51	−0.012%	$92K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.19	−0.135%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.72	+0.070%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.39	−0.058%	$14.6M	$9.6M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	258.65	+0.043%	$107K	$68K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.53	−0.004%	$259	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.16	−0.147%	$591K	$940K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0060%	8h	258.39	−0.057%	—	—	5x	as long as short
QFEX MRVL-USDlong	+0.0064%	1h	258.54	long leg	$1.1M	$4.2M	10x
KuCoin MRVLUSDTM	+0.0100%	8h	258.26	−0.108%	$511K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.02	−0.201%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.46	−0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.43	−0.042%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.50	−0.402%	$317K	$890K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0176%	1h	258.46	−0.031%	$22K	$143K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	258.42	−0.046%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	260.35	+0.700%	$11K	$610	12x	as long as short
edgeX MRVLUSDC	+0.0832%	4h	258.46	−0.031%	$36K	$366K	10x	as long as short