Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.132%

Price spread now: Nado against Bybit−0.074%7-day average +0.008% · 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−$77as in the Price arb table

costs, in and out, $10k−$690.685% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.474%+$47 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.074%, 7d avg +0.008%

Together, before fees+0.591%+ Points / potential airdropNado: Active · farm board+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.082% cheaper against Bybit than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.008%). If the spread goes back, that is −$8 on $10k: about 4.1 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.474% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MRVLUSDT	261.86	0	get 0.0000% / 8h	7h 27m	$5.2M	$4.0M	50x
Short	Nado MRVL-PERP	261.67	0.0067	get 0.0008% / 1h	27m 14s	$88K	$317K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.074%Rate

Funding earned: $14.08
Price spread: −0.074% → +0.008%: −$8.24
Slippage, 4 orders: −$50.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$62.67
Costs to cover: 0.685%
Break-even: 38.2 days

Slippage from Bybit: live order book, 1 min ago; Nado: live order book, 45 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 Bybit live order book, 1 min ago	0.57 bp	9.8 bp −$10	22.7 bp −$227	doesn't fit	doesn't fit
Sell Nado live order book, 45 min ago	6.17 bp	25.3 bp −$25	38.6 bp −$386	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
Aster MRVLUSDT	0.0000%	8h	261.61	−0.097%	$315K	$328K	50x	as long as short
Bybit MRVLUSDTlong	0.0000%	8h	261.86	long leg	$5.2M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	261.98	+0.046%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.90	+0.015%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.92	+0.023%	$1K	$6.7M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.68	−0.069%	$132K	$51K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0003%	8h	261.24	−0.237%	$280	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.27	−0.227%	$887	$52K	10x	as long as short
Variational Omni MRVL	+0.0015%	8h	261.26	−0.227%	$725K	$766K	—	as long as short
BloFin MRVL-USDT	+0.0016%	8h	262.07	+0.080%	$376K	$171K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.454%	$335K	$778K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.83	−0.011%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	262.04	+0.069%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.19	−0.256%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.22	+0.137%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.79	−0.027%	$14.9M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.97	+0.042%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.48	−0.145%	$570K	$945K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.71	−0.058%	—	—	5x	as long as short
Nado MRVL-PERPshort	+0.0067%	1h	261.67	−0.074%	$88K	$317K	10x
Binance MRVLUSDT	+0.0078%	8h	262.04	+0.070%	$24.2M	$114.6M	50x	as long as short
Extended MRVL-USD	+0.0080%	1h	261.94	+0.030%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.70	−0.061%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.41	−0.172%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.97	+0.042%	$2K	$3K	10x	as long as short
edgeX MRVLUSDC	+0.0101%	4h	261.52	−0.129%	$37K	$368K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.90	+0.015%	$18	—	10x	as long as short
SoDEX MRVL-USD	+0.0125%	1h	261.86	0.000%	$115	$15K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0132%	1h	261.97	+0.042%	$23K	$143K	10x	as long as short
Bitget MRVLUSDT	+0.0166%	8h	261.95	+0.034%	$5.6M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.44	−0.160%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.77	+0.729%	$11K	$658	12x	as long as short