MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0160%/8h= +17.6% APRnext payment +$0.20 per $10,000 · paid last 24h +0.036%

Price spread now: Phoenix against QFEX+0.207%52s7-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 Phoenix

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 +$5 a day on $10k at the current rate, and Phoenix is 0.207% dearer against QFEX than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	255.81	0.0025	pay 0.0003% / 1h	22m 12s	$1.1M	$3.6M	10x
Short	Phoenix MRVL	256.34	0.0185	get 0.0023% / 1h	22m 12s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.207%Rate

Funding earned: $33.7
Price spread: +0.207% → 0.000%: $20.72
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $37.42
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: QFEX: live order book, 6 min ago; Phoenix: 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, 6 min ago	1.56 bp	6.6 bp −$7	7.6 bp −$76	16.2 bp −$1,616	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0158%	8h	256.39	+0.227%	$5.5M	$16.3M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.20	+0.152%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.11	+0.115%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.20	+0.154%	$23.5M	$109.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.21	+0.156%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.34	+0.207%	$6.8M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.07	+0.102%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.46	+0.253%	$712K	$632K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.41	+0.235%	$603	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.97	+0.063%	$1K	$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
HTX MRVL-USDT	0.0000%	8h	256.37	+0.219%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0014%	8h	255.92	+0.043%	$366K	$173K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	256.33	+0.204%	$699	$49K	10x	as long as short
QFEX MRVL-USDlong	+0.0025%	1h	255.81	long leg	$1.1M	$3.6M	10x
Lighter MRVL	+0.0032%	1h	256.19	+0.149%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.04	+0.090%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.07	+0.102%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.83	+0.008%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.70	−0.043%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.87	+0.023%	$169	$15K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	255.66	−0.058%	—	—	5x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.76	−0.020%	$551K	$751K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.85	+0.016%	$322K	$634K	10x	as long as short
Nado MRVL-PERP	+0.0089%	1h	255.64	−0.066%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.76	+0.371%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.16	+0.137%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.13	+0.124%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0105%	8h	256.31	+0.195%	$507K	$62K	20x	as long as short
Phoenix MRVLshort	+0.0185%	1h	256.34	+0.207%	$11K	$12K	10x
Deribit MRVL_USDC-PERPETUAL	+0.0218%	1h	256.29	+0.188%	$22K	$144K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.283%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0754%	4h	256.90	+0.427%	$36K	$371K	10x	as long as short