Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0395%/8h= +43.3% APRpaid last 24h +0.009%

Price spread now: edgeX against QFEX+0.151%7-day average +0.014% · 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−$19as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.345%−$35 on $10k

Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.151%, 7d avg +0.014%

Together, before fees−0.364%+ Points / potential airdropedgeX: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and edgeX is 0.137% dearer against QFEX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 4 days funding on this pair cost −0.345%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	260.24	0.0026	pay 0.0003% / 1h	49m 20s	$1.1M	$3.7M	10x
Short	edgeX MRVLUSDC	260.63	0.0421	get 0.0210% / 4h	1h 49m	$37K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.151%Rate

Funding earned: $82.98
Price spread: +0.151% → +0.014%: $13.72
Slippage, 4 orders: −$13.91
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $63.79
Costs to cover: 0.329%
Break-even: 1.6 days

Slippage from QFEX: live order book, 4 min ago; edgeX: live order book, 14 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, 4 min ago	1.34 bp	6.3 bp −$6	7.8 bp −$78	15.8 bp −$1,580	doesn't fit
Sell edgeX live order book, 14 min ago	5.38 bp	10.2 bp −$10	14.5 bp −$145	doesn't fit	doesn't fit

MRVL on 31 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	260.26	+0.009%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.04	−0.077%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.03	−0.081%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.28	+0.015%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.26	+0.008%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.51	+0.105%	$717K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.56	+0.121%	$466	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.35	+0.042%	$2K	$6.2M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.03	−0.081%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.63	+0.150%	$131K	$42K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0015%	1h	260.32	+0.032%	$934	$50K	10x	as long as short
QFEX MRVL-USDlong	+0.0026%	1h	260.24	long leg	$1.1M	$3.7M	10x
Lighter MRVL	+0.0032%	1h	260.00	−0.092%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.027%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.25	+0.004%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0044%	8h	260.06	−0.069%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.60	+0.138%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.06	−0.069%	$51K	$353K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.07	−0.065%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.18	−0.023%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.07	−0.065%	$130	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.43	+0.073%	$575K	$676K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.24	−0.002%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.40	+0.061%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.49	+0.096%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.09	−0.058%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.03	−0.080%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0145%	1h	260.18	−0.023%	$89K	$273K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.30	+0.023%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.210%	$11K	$681	12x	as long as short
edgeX MRVLUSDCshort	+0.0421%	4h	260.63	+0.151%	$37K	$370K	10x