Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.011%

Price spread now: SunX against QFEX+0.051%7-day average +0.018% · you sell dearer than you buy

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

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.051%, 7d avg +0.018%

Together, before fees−0.050%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.033% dearer against QFEX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.018%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	256.21	0.0030	pay 0.0004% / 1h	10m 33s	$1.1M	$3.5M	10x
Short	SunX MRVL-USDT	256.34	0	get 0.0000% / 8h	2h 10m	$1K	$6.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$6.35
Price spread: +0.051% → +0.018%: $3.28
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.07
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; SunX: live order book, 8 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 QFEX live order book, 3 min ago	1.56 bp	6.6 bp −$7	6.9 bp −$69	15.6 bp −$1,563	doesn't fit
Sell SunX live order book, 8 min ago	44.90 bp	doesn't fit	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
Bitget MRVLUSDT	−0.0853%	8h	256.31	+0.039%	$5.6M	$16.9M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.16	−0.019%	$302K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.14	−0.028%	$46K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.27	+0.024%	$23.7M	$112.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.13	−0.031%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.15	−0.023%	$6.8M	$23.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.17	−0.016%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.20	−0.004%	$711K	$485K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.92	−0.503%	$645	$191K	10x	as long as short
SunX MRVL-USDTshort	0.0000%	8h	256.34	+0.051%	$1K	$6.0M	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	255.46	−0.293%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	255.20	−0.396%	$592	$48K	10x	as long as short
BloFin MRVL-USDT	+0.0018%	8h	256.30	+0.035%	$364K	$182K	50x	as long as short
QFEX MRVL-USDlong	+0.0030%	1h	256.21	long leg	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	256.22	+0.004%	$89K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.49	−0.281%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.31	+0.039%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.08	−0.051%	$14.1M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.90	−0.121%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.83	−0.148%	$565K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	256.17	−0.014%	—	—	5x	as long as short
SoDEX MRVL-USD	+0.0089%	1h	256.02	−0.074%	$169	$15K	10x	as long as short
Nado MRVL-PERP	+0.0094%	1h	255.89	−0.124%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−1.019%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.42	−0.308%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.29	+0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.29	+0.033%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0107%	8h	256.15	−0.023%	$506K	$64K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	255.58	−0.246%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0218%	1h	256.29	+0.031%	$22K	$144K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.948%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0971%	4h	255.61	−0.236%	$36K	$372K	10x	as long as short