Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.005%

Price spread now: GRVT against QFEX−0.067%7-day average +0.033% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.067%, 7d avg +0.033%

Together, before fees+0.189%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.099% cheaper against QFEX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	254.52	0.0030	pay 0.0004% / 1h	28m 36s	$1.1M	$3.5M	10x
Short	GRVT MRVL_USDT_Perp	254.35	0	get 0.0000% / 8h	2h 28m	$1K	$191K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$6.35
Price spread: −0.067% → +0.033%: −$9.94
Slippage, 4 orders: −$9.45
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$44.75
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; GRVT: live order book, 19 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, 10 min ago	1.18 bp	6.2 bp −$6	7.1 bp −$71	doesn't fit	doesn't fit
Sell GRVT live order book, 19 min ago	1.37 bp	7.7 bp −$8	15.1 bp −$151	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	−0.0795%	8h	254.22	−0.118%	$5.5M	$16.7M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.98	−0.213%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.89	−0.246%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.94	−0.229%	$23.5M	$111.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.82	−0.275%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.81	−0.279%	$6.7M	$23.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.93	−0.232%	$5.4M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.22	−0.120%	$705K	$491K	—	as long as short
GRVT MRVL_USDT_Perpshort	0.0000%	8h	254.35	−0.067%	$1K	$191K	10x
SunX MRVL-USDT	0.0000%	8h	254.50	−0.008%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.61	+0.035%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.46	−0.024%	$128K	$43K	50x	as long as short
BloFin MRVL-USDT	+0.0007%	8h	254.47	−0.020%	$367K	$178K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	254.54	+0.009%	$591	$48K	10x	as long as short
QFEX MRVL-USDlong	+0.0030%	1h	254.52	long leg	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	253.84	−0.267%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.22	−0.118%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.71	+0.075%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.91	−0.240%	$13.9M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.31	−0.083%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.56	+0.016%	$178	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.80	−0.283%	$559K	$741K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.87	−0.257%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0082%	1h	254.52	−0.001%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.88	−0.251%	$318K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.26	−0.102%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.60	+0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.57	+0.021%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0108%	8h	254.46	−0.024%	$502K	$63K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	254.22	−0.118%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0200%	4h	254.28	−0.093%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.619%	$11K	$735	12x	as long as short