Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.011%

Price spread now: QFEX against Bybit−0.071%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$430.432% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.018%+$2 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.071%, 7d avg −0.010%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.060% cheaper against Bybit than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of −0.010%). If the spread goes back, that is −$6 on $10k: about 6.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRVLUSDT	254.55	0	get 0.0000% / 8h	6h 57m	$5.0M	$4.2M	50x
Short	QFEX MRVL-USD	254.37	0.0031	get 0.0004% / 1h	57m 00s	$1.1M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.071%Rate

Funding earned: $6.43
Price spread: −0.071% → −0.010%: −$6.03
Slippage, 4 orders: −$22.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.79
Costs to cover: 0.432%
Break-even: 53.5 days

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	1.57 bp	15.5 bp −$15	38.9 bp −$389	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.77 bp	6.8 bp −$7	8.1 bp −$81	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	−0.0214%	8h	254.75	+0.079%	$5.4M	$18.2M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	−0.063%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.68	+0.052%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.71	+0.065%	$23.3M	$118.6M	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	254.55	long leg	$5.0M	$4.2M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	254.74	+0.075%	$6.8M	$25.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.70	+0.059%	$4.9M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.30	−0.097%	$711K	$460K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.31	−0.094%	$422	$182K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.61	+0.024%	$2K	$5.6M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	254.55	0.000%	$131K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	254.56	+0.004%	$368K	$202K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	254.33	−0.085%	$1K	$45K	10x	as long as short
QFEX MRVL-USDshort	+0.0031%	1h	254.37	−0.071%	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	254.49	−0.024%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.04	−0.200%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.64	+0.035%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.55	0.000%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.48	−0.027%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.54	−0.004%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.19	−0.141%	$541K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.16	−0.151%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.49	−0.024%	$503K	$156K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.42	−0.051%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.55	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.51	−0.015%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0119%	1h	254.41	−0.053%	$87K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.54	−0.004%	$325K	$620K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.32	−0.090%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.817%	$11K	$832	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0300%	1h	254.47	−0.031%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0936%	4h	254.55	+0.002%	$36K	$373K	10x	as long as short