MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.051%

Price spread now: Polymarket Perps against QFEX−0.088%54s7-day average +0.099% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on QFEX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.410%+$41 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.088%, 7d avg +0.099%

Together, before fees+0.609%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.187% cheaper against QFEX than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.099%). If the spread goes back, that is −$19 on $10k: about 53 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.410% in total) that is about 39 hours. The two prices were read 54 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	260.35	0.0038	pay 0.0005% / 1h	16m 37s	$1.1M	$3.6M	10x
Short	Polymarket Perps MRVL-USD	260.12	0.0050	get 0.0006% / 1h	16m 37s	$104K	$79K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: $2.45
Price spread: −0.088% → +0.099%: −$18.74
Slippage, 4 orders: −$11.01
Fee QFEX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$45.29
Costs to cover: 0.290%
Break-even: 136.3 days

Slippage from QFEX: live order book, 7 min ago; Polymarket Perps: live order book, 40 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, 7 min ago	1.53 bp	6.5 bp −$7	7.2 bp −$72	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 40 min ago	3.45 bp	7.9 bp −$8	10.3 bp −$103	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
BloFin MRVL-USDT	−0.0023%	8h	260.36	+0.004%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.48	+0.048%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.34	−0.002%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.42	+0.027%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.30	−0.019%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.33	−0.008%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.35	0.000%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.43	+0.031%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.79	+0.168%	$718K	$635K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.55	+0.077%	$662	$189K	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	260.31	−0.015%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.19	−0.061%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.36	+0.004%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.34	−0.003%	$604	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.43	+0.031%	$94K	$200K	10x	as long as short
QFEX MRVL-USDlong	+0.0038%	1h	260.35	long leg	$1.1M	$3.6M	10x
Arcus MRVL-USD	+0.0040%	1h	260.24	−0.042%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.70	+0.134%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.25	−0.038%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	260.12	−0.088%	$104K	$79K	10x
SoDEX MRVL-USD	+0.0050%	1h	260.29	−0.023%	$115	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−0.035%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.34	−0.004%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.196%	$334K	$628K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.56	+0.081%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.56	+0.081%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.30	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.25	−0.037%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0127%	1h	260.24	−0.042%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.75	+0.154%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.133%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0680%	4h	260.48	+0.051%	$37K	$372K	10x	as long as short