MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h −0.019%

Price spread now: QFEX against ApeX Omni+0.027%7-day average −0.010% · 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−$82as in the Price arb table

costs, in and out, $10k−$860.860% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.027%, 7d avg −0.010%

Together, before fees−0.208%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.037% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.010%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	255.11	0.0100	pay 0.0013% / 1h	6m 56s	$4K	$142K	50x
Short	QFEX MRVL-USD	255.18	0.0025	get 0.0003% / 1h	6m 56s	$1.1M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against ApeX Omni. 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 ApeX OmnibpFee QFEXbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$15.74
Price spread: +0.027% → −0.010%: $3.7
Slippage, 4 orders: −$66.05
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$98.1
Costs to cover: 0.860%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; QFEX: live order book, 6 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 ApeX Omni live order book, 29 min ago	22.89 bp	33.6 bp −$34	200.8 bp −$2,008	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	0.98 bp	6.0 bp −$6	7.8 bp −$78	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	−0.0515%	8h	255.30	+0.074%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.27	+0.063%	$335K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.08	−0.011%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.09	−0.009%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.17	+0.025%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.03	−0.031%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.11	0.000%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.20	+0.035%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.09	−0.007%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	+0.012%	$967	$187K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.19	+0.031%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.00	−0.043%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	+0.047%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0011%	8h	255.15	+0.016%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.10	−0.006%	$592	$46K	10x	as long as short
QFEX MRVL-USDshort	+0.0025%	1h	255.18	+0.027%	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	255.07	−0.016%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.98	−0.051%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.50	+0.153%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.07	−0.016%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.06	−0.020%	$99K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.11	0.000%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.18	+0.027%	$532K	$848K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.93	−0.071%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0057%	1h	255.04	−0.028%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.07	−0.016%	$504K	$76K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	255.11	long leg	$4K	$142K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.08	−0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.03	−0.031%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.078%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.141%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0522%	4h	255.15	+0.014%	$36K	$373K	10x	as long as short