Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.019%

Price spread now: KuCoin against QFEX+0.016%7-day average −0.008% · 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−$246as in the Price arb table

costs, in and out, $10k−$2492.487% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.016%, 7d avg −0.008%

Together, before fees+0.072%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.024% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	255.53	0.0025	pay 0.0003% / 1h	54m 32s	$1.1M	$3.5M	10x
Short	KuCoin MRVLUSDTM	255.57	0.0100	get 0.0100% / 8h	54m 32s	$506K	$66K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $15.74
Price spread: +0.016% → −0.008%: $2.39
Slippage, 4 orders: −$226.68
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$230.55
Costs to cover: 2.487%
Break-even: 109.5 days

Slippage from QFEX: live order book, 4 min ago; KuCoin: live order book, 49 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	1.96 bp	7.0 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell KuCoin live order book, 49 min ago	6.67 bp	148.6 bp −$149	doesn't fit	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	−0.0617%	8h	255.60	+0.027%	$5.5M	$17.1M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.95	−0.227%	$335K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.53	0.000%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.52	−0.002%	$46K	$301K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.53	+0.001%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.50	−0.012%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.48	−0.020%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.43	−0.039%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.29	−0.093%	$710K	$464K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.35	−0.070%	$401	$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	255.21	−0.125%	$2K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.18	−0.137%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.16	−0.145%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0008%	8h	255.28	−0.098%	$365K	$186K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	255.27	−0.101%	$640	$46K	10x	as long as short
Nado MRVL-PERP	+0.0021%	1h	255.48	−0.018%	$87K	$272K	10x	as long as short
QFEX MRVL-USDlong	+0.0025%	1h	255.53	long leg	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	255.38	−0.059%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.10	−0.168%	$23K	$27K	5x	as long as short
tradeXYZ xyz:MRVL	+0.0041%	1h	255.41	−0.047%	$14.1M	$9.1M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.68	+0.059%	—	$51K	25x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.24	−0.113%	$100K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.15	−0.149%	$209	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.96	−0.223%	$532K	$858K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.40	−0.050%	—	—	5x	as long as short
KuCoin MRVLUSDTMshort	+0.0100%	8h	255.57	+0.016%	$506K	$66K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	255.25	−0.110%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.22	−0.121%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.18	−0.135%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.21	−0.125%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.10	+1.006%	$11K	$823	12x	as long as short
edgeX MRVLUSDC	+0.0409%	4h	255.24	−0.112%	$36K	$372K	10x	as long as short