Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.008%

Price spread now: BloFin against QFEX+0.118%7-day average +0.004% · 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−$20as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.118%, 7d avg +0.004%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.114% dearer against QFEX than usual: you sell high and buy low (spread +0.118% now, against its 7-day average of +0.004%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	254.79	0.0034	pay 0.0004% / 1h	54m 25s	$1.1M	$3.5M	10x
Short	BloFin MRVL-USDT	255.09	−0.0012	pay 0.0012% / 8h	1h 54m	$363K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$9.57
Price spread: +0.118% → +0.004%: $11.38
Slippage, 4 orders: −$9.09
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$29.28
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; BloFin: live order book, 31 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, 4 min ago	1.56 bp	6.6 bp −$7	6.9 bp −$69	doesn't fit	doesn't fit
Sell BloFin live order book, 31 min ago	0.39 bp	9.2 bp −$9	13.4 bp −$134	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
Bitget MRVLUSDT	−0.0707%	8h	255.09	+0.118%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDTshort	−0.0012%	8h	255.09	+0.118%	$363K	$182K	50x
Aster MRVLUSDT	0.0000%	8h	254.78	−0.002%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.77	−0.007%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.71	−0.031%	$23.5M	$112.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.79	0.000%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.95	+0.063%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.85	+0.024%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.15	+0.141%	$710K	$482K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.36	+0.223%	$403	$191K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	254.93	+0.055%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.65	−0.055%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	+0.263%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.40	+0.238%	$595	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	253.60	−0.467%	$318K	$634K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.81	+0.008%	$88K	$169K	10x	as long as short
QFEX MRVL-USDlong	+0.0034%	1h	254.79	long leg	$1.1M	$3.5M	10x
Arcus MRVL-USD	+0.0040%	1h	255.15	+0.141%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.16	+0.145%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.72	−0.027%	$14.0M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.62	−0.067%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.16	+0.145%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.92	+0.051%	$564K	$763K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	254.80	+0.005%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0081%	1h	254.87	+0.030%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.97	+0.071%	$505K	$65K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.31	+0.204%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.78	−0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.72	−0.028%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.35	+0.220%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.37	+1.405%	$11K	$782	12x	as long as short
edgeX MRVLUSDC	+0.0395%	4h	255.81	+0.401%	$36K	$372K	10x	as long as short