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: QFEX against Gate−0.032%7-day average −0.028% · 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−$52as in the Price arb table

costs, in and out, $10k−$510.513% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.265%+$26 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.032%, 7d avg −0.028%

Together, before fees+0.258%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRVL_USDT	253.76	0	get 0.0000% / 8h	2h 25m	$5.3M	$8.4M	50x
Short	QFEX MRVL-USD	253.68	0.0030	get 0.0004% / 1h	25m 41s	$1.1M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $6.35
Price spread: −0.032% → −0.028%: −$0.37
Slippage, 4 orders: −$26.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.34
Costs to cover: 0.513%
Break-even: 57.0 days

Slippage from Gate: live order book, 3 min ago; QFEX: live order book, 3 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 Gate live order book, 3 min ago	3.15 bp	14.0 bp −$14	30.6 bp −$306	52.5 bp −$5,247	87.6 bp −$43.8K
Sell QFEX live order book, 3 min ago	1.18 bp	6.3 bp −$6	8.7 bp −$87	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	−0.0841%	8h	253.92	+0.063%	$5.5M	$16.7M	20x	as long as short
BloFin MRVL-USDT	−0.0012%	8h	253.80	+0.016%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.77	+0.003%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.69	−0.027%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.75	−0.004%	$23.5M	$111.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.64	−0.047%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.76	0.000%	$6.7M	$23.3M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	253.76	long leg	$5.3M	$8.4M	50x
Variational Omni MRVL	0.0000%	8h	253.73	−0.011%	$704K	$489K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.58	+0.322%	$1K	$191K	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	253.76	0.000%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	253.63	−0.051%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	253.64	−0.047%	$128K	$43K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	254.19	+0.170%	$590	$48K	10x	as long as short
QFEX MRVL-USDshort	+0.0030%	1h	253.68	−0.032%	$1.1M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	253.67	−0.035%	$88K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	253.87	+0.043%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.90	+0.055%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.62	−0.055%	$13.9M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.58	−0.071%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.66	−0.039%	$172	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.64	−0.047%	$556K	$743K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.63	−0.052%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0080%	1h	253.66	−0.039%	$86K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.063%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.29	+0.209%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.66	−0.039%	$2K	$3K	10x	as long as short
KuCoin MRVLUSDTM	+0.0104%	8h	253.85	+0.035%	$501K	$63K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.67	−0.035%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.67	+0.359%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.923%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0960%	4h	254.58	+0.324%	$36K	$372K	10x	as long as short