Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.012%

Price spread now: HTX against QFEX+0.077%7-day average −0.019% · 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−$22as in the Price arb table

costs, in and out, $10k−$310.311% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now +0.077%, 7d avg −0.019%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.096% dearer against QFEX than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.019%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	261.18	0.0027	pay 0.0003% / 1h	59m 31s	$1.1M	$4.1M	10x
Short	HTX MRVL-USDT	261.38	0	get 0.0000% / 8h	6h 59m	$132K	$45K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.077%Rate

Funding earned: −$5.73
Price spread: +0.077% → −0.019%: $9.61
Slippage, 4 orders: −$9.13
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.26
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from QFEX: live order book, 9 min ago; HTX: live order book, 7 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, 9 min ago	1.91 bp	6.9 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell HTX live order book, 7 min ago	2.49 bp	8.5 bp −$8	12.7 bp −$127	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	261.29	+0.042%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.24	+0.023%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.18	0.000%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.29	+0.042%	$5.7M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.36	+0.069%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.26	+0.031%	$23K	$143K	10x	as long as short
HTX MRVL-USDTshort	0.0000%	8h	261.38	+0.077%	$132K	$45K	50x
BloFin MRVL-USDT	+0.0007%	8h	261.24	+0.023%	$377K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.28	+0.038%	$923	$51K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.195%	$335K	$720K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USDlong	+0.0027%	1h	261.18	long leg	$1.1M	$4.1M	10x
Lighter MRVL	+0.0032%	1h	261.25	+0.027%	$96K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.12	−0.023%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.66	+0.184%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.06	−0.046%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.21	+0.011%	$105K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.31	+0.050%	$110	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.12	−0.023%	$568K	$912K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	261.30	+0.046%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0054%	4h	261.31	+0.051%	$37K	$371K	10x	as long as short
Variational Omni MRVL	+0.0061%	8h	261.26	+0.032%	$725K	$763K	—	as long as short
Nado MRVL-PERP	+0.0088%	1h	261.29	+0.042%	$89K	$316K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.54	+0.138%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.22	+0.015%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.37	+0.073%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.33	+0.057%	$18	—	10x	as long as short
Binance MRVLUSDT	+0.0118%	8h	261.29	+0.042%	$24.3M	$114.4M	50x	as long as short
Extended MRVL-USD	+0.0120%	1h	261.25	+0.026%	$47K	$350K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.33	+0.057%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.137%	$11K	$661	12x	as long as short
GRVT MRVL_USDT_Perp	+0.0230%	8h	261.28	+0.039%	$1K	$198K	10x	as long as short
Bitget MRVLUSDT	+0.0256%	8h	261.25	+0.027%	$5.5M	$16.5M	20x	as long as short