Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.008%

Price spread now: QFEX against BloFin−0.015%99s7-day average −0.004% · 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−$290.293% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.015%, 7d avg −0.004%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. The two prices were read 99 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	BloFin MRVL-USDT	260.44	0.0022	pay 0.0022% / 8h	4h 09m	$374K	$172K	50x
Short	QFEX MRVL-USD	260.40	0.0038	get 0.0005% / 1h	9m 29s	$1.1M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $3.38
Price spread: −0.015% → −0.004%: −$1.13
Slippage, 4 orders: −$7.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$27.02
Costs to cover: 0.293%
Break-even: 62.9 days

Slippage from BloFin: live order book, 26 min ago; QFEX: live order book, 4 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 BloFin live order book, 26 min ago	0.96 bp	7.3 bp −$7	12.1 bp −$121	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.15 bp	6.2 bp −$6	6.7 bp −$67	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
Aster MRVLUSDT	0.0000%	8h	260.47	+0.011%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.39	−0.020%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.45	+0.004%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.32	−0.046%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.46	+0.008%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.48	+0.015%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.44	0.000%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	−0.001%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.60	+0.060%	$636	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.48	+0.015%	$867	$6.1M	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	260.34	−0.038%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.36	−0.029%	$604	$49K	10x	as long as short
BloFin MRVL-USDTlong	+0.0022%	8h	260.44	long leg	$374K	$172K	50x
Lighter MRVL	+0.0032%	1h	260.40	−0.015%	$94K	$200K	10x	as long as short
QFEX MRVL-USDshort	+0.0038%	1h	260.40	−0.015%	$1.1M	$3.6M	10x
Arcus MRVL-USD	+0.0040%	1h	260.20	−0.092%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.75	+0.119%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.23	−0.081%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.22	−0.084%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.50	+0.023%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.19	−0.096%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.35	−0.034%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.073%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.59	+0.058%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	−0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.48	+0.015%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.44	−0.001%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0129%	1h	260.25	−0.072%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	−0.019%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.098%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0480%	1h	260.46	+0.008%	$23K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0762%	4h	260.45	+0.002%	$37K	$371K	10x	as long as short