Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.087%

Price spread now: Nado against Aster−0.031%7-day average −0.021% · 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−$103as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.487%+$49 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.031%, 7d avg −0.021%

Together, before fees+0.547%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$55 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	254.39	0	get 0.0000% / 8h	7h 00m	$300K	$337K	50x
Short	Nado MRVL-PERP	254.31	0.0068	get 0.0008% / 1h	0m 27s	$87K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.031%Rate

Funding earned: $14.19
Price spread: −0.031% → −0.021%: −$1.05
Slippage, 4 orders: −$86.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$88.81
Costs to cover: 1.019%
Break-even: 50.8 days

Slippage from Aster: live order book, 32 min ago; Nado: live order book, 32 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 Aster live order book, 32 min ago	3.59 bp	20.3 bp −$20	2287.8 bp −$22.9K	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	10.36 bp	32.3 bp −$32	44.5 bp −$445	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	−0.0234%	8h	254.52	+0.051%	$5.4M	$18.2M	20x	as long as short
BloFin MRVL-USDT	−0.0026%	8h	254.40	+0.004%	$367K	$201K	50x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	254.39	long leg	$300K	$337K	50x
Extended MRVL-USD	0.0000%	1h	254.30	−0.036%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.50	+0.043%	$23.3M	$118.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.38	−0.004%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.54	+0.059%	$6.9M	$25.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.66	+0.106%	$5.0M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.30	−0.034%	$711K	$460K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.50	+0.044%	$422	$182K	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	254.61	+0.086%	$2K	$5.6M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.24	−0.059%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	254.20	−0.075%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	254.46	+0.028%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.34	−0.020%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.16	−0.090%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.60	+0.083%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.42	+0.012%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.52	+0.051%	$99K	$76K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.24	−0.059%	$541K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.25	−0.054%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0065%	1h	254.25	−0.055%	$22K	$145K	10x	as long as short
Nado MRVL-PERPshort	+0.0068%	1h	254.31	−0.031%	$87K	$276K	10x
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	254.59	+0.079%	$326K	$620K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.33	−0.024%	$502K	$153K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.18	−0.083%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.52	+0.051%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.34	−0.020%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.36	−0.012%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.881%	$11K	$845	12x	as long as short
SoDEX MRVL-USD	+0.0299%	1h	254.31	−0.031%	$147	$15K	10x	as long as short
edgeX MRVLUSDC	+0.0917%	4h	254.41	+0.008%	$36K	$375K	10x	as long as short