Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0698%/8h= +76.4% APRpaid last 24h −0.046%

Price spread now: edgeX against QFEX+0.006%57s7-day average +0.013% · 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−$340.341% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.345%−$34 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now +0.006%, 7d avg +0.013%

Together, before fees−0.286%+ Points / potential airdropedgeX: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.345%, so the current rate has only just turned in your favour. The two prices were read 57 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	261.53	0.0027	pay 0.0003% / 1h	3m 40s	$1.1M	$4.1M	10x
Short	edgeX MRVLUSDC	261.55	0.0725	get 0.0363% / 4h	3h 03m	$37K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $146.57
Price spread: +0.006% → +0.013%: −$0.72
Slippage, 4 orders: −$15.12
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $111.73
Costs to cover: 0.341%
Break-even: 1.7 days

Slippage from QFEX: live order book, 4 min ago; edgeX: live order book, 5 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	1.91 bp	6.9 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	5.36 bp	10.1 bp −$10	14.5 bp −$145	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
Aster MRVLUSDT	0.0000%	8h	261.18	−0.136%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.30	−0.088%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.34	−0.073%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.31	−0.084%	$5.7M	$9.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.62	+0.034%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.45	−0.031%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.38	−0.057%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.44	−0.034%	$923	$51K	10x	as long as short
BloFin MRVL-USDT	+0.0015%	8h	261.56	+0.011%	$377K	$171K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.329%	$335K	$720K	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	+0.0027%	1h	261.53	long leg	$1.1M	$4.1M	10x
Lighter MRVL	+0.0032%	1h	261.33	−0.076%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.22	−0.119%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.96	+0.164%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.30	−0.088%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.60	+0.027%	$105K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.37	−0.061%	$78	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.13	−0.153%	$569K	$929K	10x	as long as short
Variational Omni MRVL	+0.0051%	8h	261.53	−0.001%	$725K	$764K	—	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.32	−0.082%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0093%	1h	261.39	−0.053%	$89K	$320K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.55	+0.008%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.16	−0.141%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.50	−0.011%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.42	−0.044%	$18	—	10x	as long as short
Extended MRVL-USD	+0.0112%	1h	261.26	−0.102%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	+0.0114%	8h	261.34	−0.073%	$24.3M	$114.4M	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0194%	8h	261.29	−0.092%	$1K	$198K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.50	−0.011%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.002%	$11K	$661	12x	as long as short
Bitget MRVLUSDT	+0.0260%	8h	261.33	−0.076%	$5.6M	$16.5M	20x	as long as short
edgeX MRVLUSDCshort	+0.0725%	4h	261.55	+0.006%	$37K	$370K	10x