Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0078%/8h= +8.5% APRpaid last 24h +0.019%

Price spread now: Orderly against QFEX+0.076%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.076% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	250.45	0.0022	pay 0.0003% / 1h	28m 14s	$1.1M	$3.5M	10x
Short	Orderly PERP_MRVL_USDC_mythos	250.64	0.0100	get 0.0100% / 8h	7h 28m	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.076%Rate

Funding earned: $16.35
Price spread: +0.076% → 0.000%: $7.59
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.93
Costs to cover: 0.160%
Break-even: 3.6 days

Slippage unknown: QFEX: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	1.39 bp	6.4 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0387%	8h	250.72	+0.108%	$5.4M	$17.8M	20x	as long as short
BloFin MRVL-USDT	−0.0003%	8h	250.36	−0.036%	$364K	$192K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	250.72	+0.106%	$296K	$336K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	250.72	+0.109%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	250.82	+0.148%	$23.2M	$117.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	250.71	+0.104%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	250.80	+0.140%	$6.7M	$24.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	250.71	+0.104%	$4.9M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	251.03	+0.233%	$702K	$457K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	250.88	+0.172%	$707	$182K	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	250.76	+0.124%	$1K	$5.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	250.67	+0.088%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	250.91	+0.184%	$129K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	251.24	+0.314%	$1K	$45K	10x	as long as short
QFEX MRVL-USDlong	+0.0022%	1h	250.45	long leg	$1.1M	$3.5M	10x
edgeX MRVLUSDC	+0.0023%	4h	250.80	+0.138%	$36K	$376K	10x	as long as short
Lighter MRVL	+0.0032%	1h	250.70	+0.100%	$87K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	250.43	−0.008%	$21K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	250.74	+0.116%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	250.31	−0.057%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0050%	1h	250.50	+0.022%	$85K	$276K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	250.64	+0.076%	$13.8M	$9.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	250.40	−0.020%	$98K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	250.36	−0.036%	$145	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	250.34	−0.044%	$535K	$840K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	250.10	−0.140%	$318K	$673K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	250.71	+0.104%	$496K	$118K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	250.76	+0.124%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	250.64	+0.076%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	250.72	+0.108%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	250.81	+0.144%	$10K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+2.468%	$11K	$845	12x	as long as short