Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0716%/8h= +78.5% APRpaid last 24h +0.097%

Price spread now: Nado against Bitget+0.028%7-day average −0.040% · 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−$61as in the Price arb table

costs, in and out, $10k−$670.674% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.466%+$47 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.028%, 7d avg −0.040%

Together, before fees+0.459%+ Points / potential airdropNado: Active · farm board+$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Nado is 0.067% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	256.69	−0.0561	get 0.0561% / 8h	2h 51m	$5.5M	$16.5M	20x
Short	Nado MRVL-PERP	256.76	0.0155	get 0.0019% / 1h	51m 22s	$88K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now +0.028%Rate

Funding earned: $150.46
Price spread: +0.028% → −0.040%: $6.75
Slippage, 4 orders: −$48.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $89.83
Costs to cover: 0.674%
Break-even: 2.8 days

Slippage from Bitget: live order book, 2 min ago; Nado: live order book, 61 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 Bitget live order book, 2 min ago	1.36 bp	11.1 bp −$11	13.8 bp −$138	34.9 bp −$3,488	doesn't fit
Sell Nado live order book, 61 min ago	4.45 bp	20.9 bp −$21	34.4 bp −$344	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 MRVLUSDTlong	−0.0561%	8h	256.69	long leg	$5.5M	$16.5M	20x
BloFin MRVL-USDT	−0.0028%	8h	256.39	−0.117%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.64	−0.021%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.58	−0.043%	$49K	$267K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.65	−0.016%	$23.6M	$110.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.58	−0.043%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.64	−0.019%	$6.8M	$23.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.64	−0.019%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.40	−0.113%	$711K	$500K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.50	−0.074%	$780	$191K	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	256.71	+0.008%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.61	−0.031%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.37	−0.125%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	256.12	−0.221%	$602	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	256.67	−0.008%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.57	−0.047%	$89K	$201K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.19	−0.195%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.90	+0.082%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.53	−0.062%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.54	−0.058%	$102K	$80K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.54	−0.058%	$562K	$749K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.67	−0.009%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	254.95	−0.678%	$322K	$632K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.48	−0.082%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.64	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.58	−0.044%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0118%	8h	256.63	−0.023%	$506K	$62K	20x	as long as short
edgeX MRVLUSDC	+0.0145%	4h	256.44	−0.097%	$36K	$373K	10x	as long as short
Nado MRVL-PERPshort	+0.0155%	1h	256.76	+0.028%	$88K	$272K	10x
Phoenix MRVL	+0.0157%	1h	256.41	−0.109%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+0.760%	$11K	$735	12x	as long as short
SoDEX MRVL-USD	+0.0365%	1h	256.48	−0.082%	$138	$15K	10x	as long as short