Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h +0.011%

Price spread now: QFEX against OKX−0.004%7-day average −0.031% · 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−$29as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.032%−$3 · spread now −0.004%, 7d avg −0.031%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.028% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	254.90	0	get 0.0000% / 8h	6h 08m	$6.9M	$25.4M	50x
Short	QFEX MRVL-USD	254.89	0.0031	get 0.0004% / 1h	8m 11s	$1.2M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $6.43
Price spread: −0.004% → −0.031%: $2.75
Slippage, 4 orders: −$11.86
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$22.67
Costs to cover: 0.319%
Break-even: 31.7 days

Slippage from OKX: 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 OKX live order book, 3 min ago	0.20 bp	10.8 bp −$11	16.3 bp −$163	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.77 bp	6.8 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit

MRVL on 32 exchanges

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	254.61	−0.115%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.90	−0.001%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.96	+0.023%	$23.4M	$118.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.72	−0.071%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	254.90	long leg	$6.9M	$25.4M	50x
Gate MRVL_USDT	0.0000%	8h	254.99	+0.035%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	254.95	+0.020%	$5.5M	$18.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	254.89	−0.005%	$708K	$214K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	254.96	+0.024%	$2K	$5.4M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.73	−0.067%	$131K	$48K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0018%	1h	254.75	−0.059%	$1K	$44K	10x	as long as short
BloFin MRVL-USDT	+0.0028%	8h	254.74	−0.063%	$372K	$209K	50x	as long as short
QFEX MRVL-USDshort	+0.0031%	1h	254.89	−0.004%	$1.2M	$3.5M	10x
Lighter MRVL	+0.0032%	1h	254.80	−0.039%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.46	−0.173%	$22K	$22K	5x	as long as short
Nado MRVL-PERP	+0.0045%	1h	254.75	−0.058%	$87K	$276K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.03	+0.051%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.75	−0.059%	$14.0M	$9.3M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.89	−0.004%	$199	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.64	−0.102%	$539K	$862K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.80	−0.040%	—	—	5x	as long as short
GRVT MRVL_USDT_Perp	+0.0061%	8h	254.93	+0.013%	$943	$181K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.90	0.000%	$503K	$215K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.64	−0.102%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.88	−0.008%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.86	−0.014%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.68	−0.086%	$316K	$536K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.96	+0.024%	$11K	$13K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0186%	1h	255.30	+0.157%	$99K	$76K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.679%	$11K	$832	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0260%	1h	254.90	0.000%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0502%	4h	254.91	+0.004%	$36K	$374K	10x	as long as short