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: QFEX against KuCoin−0.073%7-day average +0.009% · 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−$253as in the Price arb table

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

Long on KuCoin Short on QFEX

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)+0.029%+$3 · spread now −0.073%, 7d avg +0.009%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.082% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MRVLUSDTM	260.95	0.0100	pay 0.0100% / 8h	4h 34m	$515K	$60K	20x
Short	QFEX MRVL-USD	260.76	0.0038	get 0.0005% / 1h	34m 00s	$1.1M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$12.95
Price spread: −0.073% → +0.009%: −$8.23
Slippage, 4 orders: −$222.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$265.96
Costs to cover: 2.448%
Break-even: never at this rate

Slippage from KuCoin: live order book, 49 min ago; QFEX: live order book, 4 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 KuCoin live order book, 49 min ago	5.38 bp	78.1 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.34 bp	6.3 bp −$6	8.4 bp −$84	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	260.84	−0.044%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.76	−0.073%	$47K	$349K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.85	−0.040%	$24.3M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.76	−0.073%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.88	−0.027%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.82	−0.050%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.91	−0.015%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.83	−0.046%	$718K	$640K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.89	−0.024%	$355	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.83	−0.046%	$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	−0.111%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	−0.023%	$132K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0004%	8h	260.70	−0.096%	$374K	$172K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.75	−0.075%	$605	$49K	10x	as long as short
edgeX MRVLUSDC	+0.0021%	4h	260.86	−0.033%	$37K	$371K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.78	−0.065%	$94K	$200K	10x	as long as short
QFEX MRVL-USDshort	+0.0038%	1h	260.76	−0.073%	$1.1M	$3.6M	10x
Arcus MRVL-USD	+0.0040%	1h	260.61	−0.130%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.19	+0.092%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.69	−0.100%	$14.6M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.56	−0.149%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.76	−0.073%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.57	−0.146%	$576K	$680K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.67	−0.109%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.425%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0093%	1h	260.69	−0.101%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTMlong	+0.0100%	8h	260.95	long leg	$515K	$60K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	260.97	+0.008%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.80	−0.057%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.71	−0.091%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	+0.015%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.050%	$11K	$700	12x	as long as short