Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0028%/8h= −3.0% APRpaid last 24h −0.006%

Price spread now: BloFin against QFEX+0.070%99s7-day average +0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.015%+$2 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.070%, 7d avg +0.005%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.066% dearer against QFEX than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.005%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.9 days. The two prices were read 99 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	255.78	0.0026	pay 0.0003% / 1h	55m 37s	$1.2M	$3.4M	10x
Short	BloFin MRVL-USDT	255.96	−0.0001	pay 0.0001% / 8h	4h 55m	$378K	$215K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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 QFEXbpFee BloFinbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$5.83
Price spread: +0.070% → +0.005%: $6.57
Slippage, 4 orders: −$9.42
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.68
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; BloFin: live order book, 48 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 QFEX live order book, 6 min ago	1.17 bp	6.2 bp −$6	7.7 bp −$77	13.8 bp −$1,380	doesn't fit
Sell BloFin live order book, 48 min ago	0.58 bp	9.0 bp −$9	15.5 bp −$155	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
BloFin MRVL-USDTshort	−0.0001%	8h	255.96	+0.070%	$378K	$215K	50x
Aster MRVLUSDT	0.0000%	8h	255.99	+0.084%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.76	−0.008%	$46K	$309K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.85	+0.026%	$23.7M	$120.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.74	−0.016%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.75	−0.012%	$6.9M	$26.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.78	0.000%	$4.9M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	255.82	+0.016%	$5.5M	$19.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	255.80	+0.007%	$712K	$216K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	255.86	+0.031%	$1K	$5.1M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	256.10	+0.125%	$132K	$44K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0011%	1h	256.14	+0.143%	$1K	$41K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0014%	8h	256.06	+0.108%	$850	$179K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0024%	1h	255.75	−0.012%	$22K	$143K	10x	as long as short
QFEX MRVL-USDlong	+0.0026%	1h	255.78	long leg	$1.2M	$3.4M	10x
Lighter MRVL	+0.0032%	1h	255.51	−0.106%	$104K	$182K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	259.12	+1.306%	$11K	$820	12x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.61	−0.066%	$22K	$20K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.08	+0.117%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.68	−0.039%	$14.1M	$9.1M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.76	−0.008%	$164	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.64	−0.055%	$543K	$862K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.69	−0.034%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.99	+0.082%	$506K	$297K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.11	+0.129%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.86	+0.031%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.79	+0.004%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0120%	1h	255.74	−0.016%	$87K	$275K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0160%	1h	256.80	+0.399%	$320K	$427K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	256.42	+0.250%	$11K	$13K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0275%	1h	256.00	+0.086%	$77K	$128K	10x	as long as short
edgeX MRVLUSDC	+0.0871%	4h	256.03	+0.097%	$36K	$374K	10x	as long as short