Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h −0.002%

Price spread now: Binance against QFEX+0.093%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 2 days (all we have)−0.046%−$5 · spread now +0.093%, 7d avg +0.022%

Together, before fees−0.023%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.072% dearer against QFEX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	260.28	0.0023	pay 0.0003% / 1h	45m 02s	$1.1M	$3.9M	10x
Short	Binance MRVLUSDT	260.52	0.0097	get 0.0097% / 8h	6h 45m	$24.2M	$111.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.093%Rate

Funding earned: $15.4
Price spread: +0.093% → +0.022%: $7.15
Slippage, 4 orders: −$5.39
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$2.84
Costs to cover: 0.254%
Break-even: 8.3 days

Slippage from QFEX: live order book, 3 min ago; Binance: live order book, 13 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, 3 min ago	0.96 bp	6.0 bp −$6	6.3 bp −$63	15.1 bp −$1,515	doesn't fit
Sell Binance live order book, 13 min ago	0.19 bp	7.0 bp −$7	13.0 bp −$130	52.4 bp −$5,237	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
BloFin MRVL-USDT	−0.0023%	8h	260.60	+0.123%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.32	+0.017%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.38	+0.038%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.43	+0.058%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.32	+0.015%	$5.6M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.35	+0.027%	$1K	$6.5M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.63	+0.134%	$132K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.67	+0.150%	$335K	$655K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	260.46	+0.069%	$930	$51K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0019%	1h	260.23	−0.019%	$23K	$143K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USDlong	+0.0023%	1h	260.28	long leg	$1.1M	$3.9M	10x
Lighter MRVL	+0.0032%	1h	260.28	0.000%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.26	−0.008%	$25K	$26K	5x	as long as short
Variational Omni MRVL	+0.0044%	8h	260.28	+0.002%	$722K	$654K	—	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.68	+0.154%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.35	+0.027%	$14.7M	$8.3M	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0050%	8h	260.66	+0.147%	$1K	$196K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.29	+0.004%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.28	0.000%	$83	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.15	−0.050%	$567K	$727K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.20	−0.032%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0067%	1h	260.20	−0.032%	$89K	$319K	10x	as long as short
Extended MRVL-USD	+0.0096%	1h	260.27	−0.003%	$47K	$350K	10x	as long as short
Binance MRVLUSDTshort	+0.0097%	8h	260.52	+0.093%	$24.2M	$111.3M	50x
KuCoin MRVLUSDTM	+0.0100%	8h	260.44	+0.061%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.40	+0.046%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.26	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.26	−0.008%	$18	—	10x	as long as short
Bitget MRVLUSDT	+0.0138%	8h	260.39	+0.042%	$5.6M	$16.3M	20x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	+0.158%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.187%	$11K	$675	12x	as long as short
edgeX MRVLUSDC	+0.0812%	4h	260.39	+0.041%	$37K	$371K	10x	as long as short