MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0015%/8h= −1.7% APRnext payment −$0.02 per $10,000 · paid last 24h +0.032%

Price spread now: Coinbase International against QFEX+0.262%7-day average +0.049% · 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−$5as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.146%+$15 on $10k

Price spread, last 3 days (all we have)−0.196%−$20 · spread now +0.262%, 7d avg +0.049%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.213% dearer against QFEX than usual: you sell high and buy low (spread +0.262% now, against its 7-day average of +0.049%): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 46 days. Mind the row above: over the last 3 days funding on this pair paid +0.146%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	259.99	0.0023	pay 0.0003% / 1h	40m 26s	$1.1M	$3.9M	10x
Short	Coinbase International MRVL-PERP-INTX	260.67	0.0008	get 0.0001% / 1h	40m 26s	$335K	$650K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.262%Rate

Funding earned: −$3.21
Price spread: +0.262% → +0.049%: $21.26
Slippage, 4 orders: −$6.19
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$8.14
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Coinbase International: live order book, 28 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	1.15 bp	6.2 bp −$6	7.1 bp −$71	16.1 bp −$1,612	doesn't fit
Sell Coinbase International live order book, 28 min ago	0.19 bp	7.6 bp −$8	12.1 bp −$121	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
BloFin MRVL-USDT	−0.0023%	8h	260.60	+0.235%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.18	+0.073%	$312K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.88	−0.042%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.89	−0.038%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.96	−0.012%	$5.6M	$8.7M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.32	+0.127%	$1K	$6.5M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.01	+0.008%	$131K	$41K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0008%	8h	260.35	+0.138%	$1K	$196K	10x	as long as short
Coinbase International MRVL-PERP-INTXshort	+0.0008%	1h	260.67	+0.262%	$335K	$650K	10x
Aftermath Perps MRVLUSD	+0.0013%	1h	260.21	+0.084%	$884	$51K	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	259.99	long leg	$1.1M	$3.9M	10x
Lighter MRVL	+0.0032%	1h	260.10	+0.042%	$95K	$205K	10x	as long as short
Variational Omni MRVL	+0.0038%	8h	260.25	+0.100%	$722K	$655K	—	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.04	+0.019%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.42	+0.165%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.88	−0.042%	$14.7M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.96	−0.012%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.19	+0.077%	$78	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.12	+0.050%	$567K	$715K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.05	+0.021%	—	—	5x	as long as short
Bitget MRVLUSDT	+0.0083%	8h	260.02	+0.012%	$5.6M	$16.3M	20x	as long as short
Nado MRVL-PERP	+0.0086%	1h	260.00	+0.005%	$89K	$319K	10x	as long as short
Binance MRVLUSDT	+0.0093%	8h	259.98	−0.005%	$24.1M	$110.7M	50x	as long as short
Extended MRVL-USD	+0.0096%	1h	260.02	+0.011%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.12	+0.050%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.14	+0.058%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.97	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.95	−0.016%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0135%	1h	260.15	+0.062%	$23K	$143K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	+0.269%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.300%	$11K	$676	12x	as long as short
edgeX MRVLUSDC	+0.0485%	4h	260.29	+0.116%	$37K	$369K	10x	as long as short