Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.011%

Price spread now: SunX against QFEX+0.012%7-day average +0.018% · you sell dearer than you buy

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.012%, 7d avg +0.018%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	255.90	0.0030	pay 0.0004% / 1h	2m 12s	$1.1M	$3.5M	10x
Short	SunX MRVL-USDT	255.93	0	get 0.0000% / 8h	2h 02m	$1K	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$6.35
Price spread: +0.012% → +0.018%: −$0.62
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 6 min ago; SunX: live order book, 7 min ago. 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	2.15 bp	7.1 bp −$7	7.6 bp −$76	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	79.83 bp	doesn't fit	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	−0.0745%	8h	256.04	+0.055%	$5.6M	$17.0M	20x	as long as short
BloFin MRVL-USDT	−0.0013%	8h	255.85	−0.020%	$361K	$182K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.96	+0.023%	$302K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.89	−0.005%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.96	+0.023%	$23.7M	$112.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.80	−0.039%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.03	+0.051%	$6.8M	$23.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.93	+0.012%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.06	+0.063%	$712K	$485K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	+0.114%	$648	$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-USDTshort	0.0000%	8h	255.93	+0.012%	$1K	$6.0M	10x
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.87	−0.012%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.69	−0.082%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.78	−0.047%	$672	$47K	10x	as long as short
QFEX MRVL-USDlong	+0.0030%	1h	255.90	long leg	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	255.92	+0.008%	$89K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.65	−0.098%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.10	+0.078%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.77	−0.051%	$14.1M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.76	−0.055%	$101K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.82	−0.031%	$566K	$755K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	255.95	+0.019%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0092%	1h	255.92	+0.007%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.899%	$318K	$634K	10x	as long as short
SoDEX MRVL-USD	+0.0098%	1h	255.88	−0.008%	$154	$15K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.71	−0.074%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.97	+0.027%	$2K	$3K	10x	as long as short
KuCoin MRVLUSDTM	+0.0103%	8h	255.93	+0.012%	$506K	$64K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.91	+0.005%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.81	−0.035%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.071%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0739%	4h	255.86	−0.017%	$36K	$374K	10x	as long as short