MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0069%/8h= −7.6% APRnext payment −$0.09 per $10,000 · paid last 24h −0.019%

Price spread now: QFEX against ApeX Omni+0.035%7-day average −0.010% · 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−$89as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now +0.035%, 7d avg −0.010%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.045% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.010%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	255.94	0.0100	pay 0.0013% / 1h	1m 25s	$4K	$144K	50x
Short	QFEX MRVL-USD	256.03	0.0031	get 0.0004% / 1h	1m 25s	$1.2M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against ApeX Omni. 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 ApeX OmnibpFee QFEXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$14.57
Price spread: +0.035% → −0.010%: $4.54
Slippage, 4 orders: −$73.32
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$103.34
Costs to cover: 0.933%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 47 min ago; QFEX: live order book, 5 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 ApeX Omni live order book, 47 min ago	30.11 bp	41.0 bp −$41	201.1 bp −$2,011	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.37 bp	6.5 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit

MRVL on 32 exchanges

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
Aster MRVLUSDT	0.0000%	8h	256.21	+0.105%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.00	+0.024%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.19	+0.097%	$23.6M	$119.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.06	+0.047%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.21	+0.105%	$7.0M	$25.9M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.10	+0.063%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.28	+0.133%	$5.5M	$19.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.10	+0.064%	$710K	$214K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	255.98	+0.016%	$2K	$5.3M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.90	−0.016%	$22K	$145K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	256.06	+0.047%	$132K	$48K	50x	as long as short
BloFin MRVL-USDT	0.0000%	8h	256.28	+0.133%	$372K	$212K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.37	−0.222%	$1K	$43K	10x	as long as short
edgeX MRVLUSDC	+0.0022%	4h	256.12	+0.070%	$36K	$375K	10x	as long as short
QFEX MRVL-USDshort	+0.0031%	1h	256.03	+0.035%	$1.2M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	256.00	+0.023%	$89K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.89	−0.410%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.40	+0.180%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.06	+0.047%	$14.1M	$9.4M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.04	+0.039%	$200	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.55	−0.152%	$542K	$857K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	255.97	+0.013%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0056%	1h	255.93	−0.003%	$87K	$276K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.86	−0.031%	$505K	$222K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	255.94	long leg	$4K	$144K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.96	+0.008%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.81	−0.049%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	255.76	−0.070%	$317K	$491K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.93	−0.004%	$11K	$13K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0180%	8h	256.18	+0.093%	$943	$179K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.270%	$11K	$832	12x	as long as short
Polymarket Perps MRVL-USD	+0.0249%	1h	256.65	+0.277%	$100K	$76K	10x	as long as short