Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0064%/8h= −7.1% APRpaid last 24h −0.011%

Price spread now: HTX against QFEX−0.112%7-day average −0.021% · 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−$42as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.017%−$2 on $10k

Price spread, last 3 days (all we have)+0.087%+$9 · spread now −0.112%, 7d avg −0.021%

Together, before fees+0.070%+$7 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 HTX is 0.091% cheaper against QFEX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	258.48	0.0064	pay 0.0008% / 1h	24m 04s	$1.1M	$4.2M	10x
Short	HTX MRVL-USDT	258.19	0	get 0.0000% / 8h	1h 24m	$130K	$81K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$13.54
Price spread: −0.112% → −0.021%: −$9.12
Slippage, 4 orders: −$10.49
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$55.15
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; HTX: live order book, 57 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	1.93 bp	6.9 bp −$7	8.2 bp −$82	15.4 bp −$1,539	doesn't fit
Sell HTX live order book, 57 min ago	2.92 bp	8.9 bp −$9	17.4 bp −$174	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
Nado MRVL-PERP	−0.0037%	1h	258.44	−0.016%	$74K	$309K	10x	as long as short
BloFin MRVL-USDT	−0.0002%	8h	258.54	+0.023%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.97	−0.197%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	258.24	−0.093%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	258.29	−0.074%	$24.1M	$114.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.26	−0.085%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.21	−0.104%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.32	−0.062%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	258.27	−0.081%	$5.6M	$16.5M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	258.53	+0.020%	$713K	$759K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	258.52	+0.014%	$618	$238K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	258.42	−0.023%	$1K	$6.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	258.38	−0.039%	$22K	$143K	10x	as long as short
HTX MRVL-USDTshort	0.0000%	8h	258.19	−0.112%	$130K	$81K	50x
Aftermath Perps MRVLUSD	+0.0014%	1h	258.35	−0.049%	$662	$54K	10x	as long as short
Lighter MRVL	+0.0032%	1h	258.33	−0.058%	$92K	$208K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.23	−0.097%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.80	+0.124%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.16	−0.124%	$14.6M	$9.5M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.37	−0.043%	$258	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.16	−0.124%	$591K	$940K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0054%	1h	258.68	+0.077%	$107K	$68K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0059%	8h	258.61	+0.049%	—	—	5x	as long as short
QFEX MRVL-USDlong	+0.0064%	1h	258.48	long leg	$1.1M	$4.2M	10x
KuCoin MRVLUSDTM	+0.0100%	8h	258.30	−0.070%	$511K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.02	−0.178%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.44	−0.015%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.40	−0.030%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.50	−0.379%	$317K	$890K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	258.46	−0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	260.35	+0.723%	$11K	$610	12x	as long as short
edgeX MRVLUSDC	+0.0832%	4h	258.46	−0.008%	$36K	$366K	10x	as long as short