Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h +0.012%

Price spread now: QFEX against SunX−0.035%7-day average −0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 3 days (all we have)+0.011%+$1 · spread now −0.035%, 7d avg −0.018%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, 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	SunX MRVL-USDT	260.61	0	get 0.0000% / 8h	6h 14m	$1K	$6.4M	10x
Short	QFEX MRVL-USD	260.52	0.0023	get 0.0003% / 1h	14m 01s	$1.1M	$3.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $4.89
Price spread: −0.035% → −0.018%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.72
Costs to cover: 0.180%
Break-even: 28.1 days

Slippage unknown: SunX: live order book, 5 min ago; QFEX: live order book, 4 min ago. Net counts fees only.

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 SunX live order book, 5 min ago	44.72 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.15 bp	6.2 bp −$6	6.3 bp −$63	15.0 bp −$1,502	doesn't fit

MRVL on 31 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	260.59	−0.008%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.61	0.000%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.56	−0.019%	$7.0M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.65	+0.015%	$5.6M	$8.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.62	+0.004%	$5.6M	$16.2M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.45	−0.062%	$484	$194K	10x	as long as short
SunX MRVL-USDTlong	0.0000%	8h	260.61	long leg	$1K	$6.4M	10x
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.60	−0.004%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.24	−0.142%	$131K	$41K	50x	as long as short
Variational Omni MRVL	+0.0004%	8h	260.50	−0.043%	$725K	$662K	—	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.39	−0.084%	$335K	$637K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0013%	1h	260.45	−0.063%	$884	$51K	10x	as long as short
QFEX MRVL-USDshort	+0.0023%	1h	260.52	−0.035%	$1.1M	$3.8M	10x
Lighter MRVL	+0.0032%	1h	260.66	+0.019%	$95K	$206K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.29	−0.123%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.92	+0.119%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.52	−0.035%	$14.7M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.50	−0.042%	$104K	$77K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.56	−0.019%	$125	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.33	−0.107%	$567K	$664K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	260.47	−0.052%	—	—	5x	as long as short
Extended MRVL-USD	+0.0056%	1h	260.58	−0.011%	$47K	$351K	10x	as long as short
Binance MRVLUSDT	+0.0060%	8h	260.64	+0.012%	$24.2M	$109.9M	50x	as long as short
Nado MRVL-PERP	+0.0063%	1h	260.48	−0.052%	$89K	$282K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.62	+0.004%	$515K	$63K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.52	−0.035%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.60	−0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.61	+0.001%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.63	+0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.62	+0.771%	$11K	$679	12x	as long as short
edgeX MRVLUSDC	+0.0571%	4h	260.33	−0.108%	$37K	$371K	10x	as long as short