Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.019%

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

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

Long on Orderly Short on QFEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	256.37	0.0100	pay 0.0100% / 8h	6h 00m	$2K	$2K	10x
Short	QFEX MRVL-USD	256.40	0.0031	get 0.0004% / 1h	0m 03s	$1.2M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Orderly. 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 OrderlybpFee QFEXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$14.57
Price spread: +0.012% → 0.000%: $1.17
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.4
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; QFEX: live order book, 6 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 Orderly no order-book sample	—	—	—	—	—
Sell QFEX live order book, 6 min ago	1.37 bp	6.5 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit

Orderly: 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 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	−0.062%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.37	−0.002%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.44	+0.027%	$23.5M	$119.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.35	−0.008%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.42	+0.020%	$7.0M	$26.0M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.54	+0.066%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.52	+0.059%	$5.5M	$19.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.29	−0.029%	$711K	$209K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	256.53	+0.062%	$1K	$5.3M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	0.000%	$132K	$48K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0015%	8h	256.30	−0.027%	$372K	$212K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.76	−0.239%	$1K	$43K	10x	as long as short
edgeX MRVLUSDC	+0.0022%	4h	256.12	−0.097%	$36K	$375K	10x	as long as short
QFEX MRVL-USDshort	+0.0031%	1h	256.40	+0.012%	$1.2M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	256.33	−0.016%	$89K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.90	−0.573%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.078%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.23	−0.055%	$14.1M	$9.4M	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.55	−0.320%	$542K	$856K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	256.41	+0.016%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	256.34	−0.012%	$87K	$276K	10x	as long as short
SoDEX MRVL-USD	+0.0074%	1h	256.33	−0.016%	$185	$15K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.24	−0.051%	$506K	$223K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.94	−0.168%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	256.37	long leg	$2K	$2K	10x
Aevo MRVL-PERP	+0.0104%	1h	256.41	+0.017%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	256.09	−0.109%	$317K	$445K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.93	−0.172%	$11K	$13K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0180%	8h	256.18	−0.075%	$943	$179K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.101%	$11K	$832	12x	as long as short
Polymarket Perps MRVL-USD	+0.0258%	1h	256.96	+0.230%	$100K	$76K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0335%	1h	256.40	+0.012%	$22K	$145K	10x	as long as short