Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.018%

Price spread now: KuCoin against QFEX+0.069%7-day average −0.009% · 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−$237as in the Price arb table

costs, in and out, $10k−$2452.448% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.063%+$6 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.069%, 7d avg −0.009%

Together, before fees+0.038%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.079% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	260.79	0.0038	pay 0.0005% / 1h	33m 20s	$1.1M	$3.6M	10x
Short	KuCoin MRVLUSDTM	260.97	0.0100	get 0.0100% / 8h	4h 33m	$515K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $12.95
Price spread: +0.069% → −0.009%: $7.85
Slippage, 4 orders: −$222.77
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$223.97
Costs to cover: 2.448%
Break-even: 128.0 days

Slippage from QFEX: live order book, 5 min ago; KuCoin: live order book, 50 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, 5 min ago	1.34 bp	6.3 bp −$6	7.3 bp −$73	16.0 bp −$1,600	doesn't fit
Sell KuCoin live order book, 50 min ago	5.38 bp	154.0 bp −$154	doesn't fit	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	260.85	+0.024%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.80	+0.003%	$47K	$349K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.89	+0.038%	$24.3M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.74	−0.019%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.67	−0.046%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.84	+0.019%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.87	+0.031%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.83	+0.015%	$718K	$640K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.83	+0.015%	$355	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.83	+0.015%	$1K	$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
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.66	−0.050%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	+0.038%	$132K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0004%	8h	260.70	−0.035%	$374K	$172K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.73	−0.021%	$605	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.80	+0.004%	$94K	$200K	10x	as long as short
QFEX MRVL-USDlong	+0.0038%	1h	260.79	long leg	$1.1M	$3.6M	10x
Arcus MRVL-USD	+0.0040%	1h	260.61	−0.069%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.20	+0.157%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.70	−0.035%	$14.6M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.70	−0.035%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.76	−0.012%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.59	−0.077%	$576K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.76	−0.011%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.364%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0092%	1h	260.72	−0.029%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTMshort	+0.0100%	8h	260.97	+0.069%	$515K	$60K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	260.84	+0.019%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.85	+0.023%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.72	−0.026%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.79	0.000%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.112%	$11K	$700	12x	as long as short
edgeX MRVLUSDC	+0.0390%	4h	260.76	−0.013%	$37K	$372K	10x	as long as short