Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0051%/8h= −5.5% APRpaid last 24h −0.055%

Price spread now: Bitget against QFEX+0.004%46s7-day average +0.054% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.315% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.054%−$5 on $10k

Price spread, last 7 days+0.048%+$5 · spread now +0.004%, 7d avg +0.054%

Together, before fees−0.006%−$1 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 Bitget is 0.050% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 46 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	QFEX MRVL-USD	254.11	0.0031	pay 0.0004% / 1h	18m 53s	$1.1M	$3.5M	10x
Short	Bitget MRVLUSDT	254.12	−0.0020	pay 0.0020% / 8h	6h 18m	$5.4M	$18.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$10.63
Price spread: +0.004% → +0.054%: −$4.96
Slippage, 4 orders: −$9.53
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.12
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from QFEX: live order book, 8 min ago; Bitget: live order book, 3 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, 8 min ago	0.98 bp	6.0 bp −$6	7.2 bp −$72	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.38 bp	10.3 bp −$10	13.2 bp −$132	33.9 bp −$3,391	doesn't fit

MRVL on 32 exchanges

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 MRVLUSDTshort	−0.0020%	8h	254.12	+0.004%	$5.4M	$18.6M	20x
Aster MRVLUSDT	0.0000%	8h	254.14	+0.010%	$299K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.02	−0.034%	$46K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.12	+0.004%	$23.3M	$119.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.98	−0.051%	$4.9M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.04	−0.028%	$6.8M	$25.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.09	−0.008%	$4.9M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.09	−0.007%	$706K	$214K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	254.12	+0.004%	$2K	$5.4M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	253.98	−0.051%	$22K	$145K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	253.99	−0.047%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	254.04	−0.028%	$1K	$44K	10x	as long as short
BloFin MRVL-USDT	+0.0026%	8h	254.07	−0.016%	$372K	$207K	50x	as long as short
Nado MRVL-PERP	+0.0027%	1h	254.02	−0.034%	$87K	$276K	10x	as long as short
QFEX MRVL-USDlong	+0.0031%	1h	254.11	long leg	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	254.03	−0.031%	$88K	$164K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0032%	8h	254.08	−0.012%	$257	$181K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.88	−0.091%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.32	+0.083%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.99	−0.047%	$13.9M	$9.5M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.05	−0.024%	$224	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.92	−0.075%	$538K	$859K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	253.95	−0.063%	—	—	5x	as long as short
Polymarket Perps MRVL-USD	+0.0068%	1h	254.37	+0.102%	$99K	$76K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.21	+0.039%	$502K	$200K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.06	−0.020%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.06	−0.020%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.97	−0.056%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.11	0.000%	$324K	$615K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.07	−0.016%	$11K	$13K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.992%	$11K	$832	12x	as long as short
edgeX MRVLUSDC	+0.0995%	4h	254.14	+0.010%	$36K	$375K	10x	as long as short