Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0025%/8h= −2.8% APRpaid last 24h +0.144%

Price spread now: Nado against Gate−0.058%50s7-day average −0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$1061.061% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.722%+$72 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.058%, 7d avg −0.035%

Together, before fees+0.822%+ Points / potential airdropNado: Active · farm board+$82 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.023% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.035%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.722%, so the current rate has only just turned against you. The two prices were read 50 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	Gate MRVL_USDT	260.22	0	get 0.0000% / 8h	7h 54m	$5.6M	$9.4M	50x
Short	Nado MRVL-PERP	260.07	−0.0025	pay 0.0003% / 1h	54m 35s	$88K	$316K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.058%Rate

Funding earned: −$5.3
Price spread: −0.058% → −0.035%: −$2.33
Slippage, 4 orders: −$84.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$113.74
Costs to cover: 1.061%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Nado: live order book, 18 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 Gate live order book, 4 min ago	5.97 bp	23.2 bp −$23	43.4 bp −$434	49.6 bp −$4,964	83.7 bp −$41.8K
Sell Nado live order book, 18 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
Nado MRVL-PERPshort	−0.0025%	1h	260.07	−0.058%	$88K	$316K	10x
Aster MRVLUSDT	0.0000%	8h	260.10	−0.045%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.18	−0.015%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.29	+0.027%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	260.22	long leg	$5.6M	$9.4M	50x
Bitget MRVLUSDT	0.0000%	8h	260.32	+0.038%	$5.6M	$16.4M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.90	−0.123%	$686	$223K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.20	−0.008%	$2K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.99	−0.088%	$131K	$51K	50x	as long as short
Variational Omni MRVL	+0.0005%	8h	260.00	−0.085%	$723K	$765K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0016%	1h	259.60	−0.239%	$882	$53K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−0.719%	$319K	$765K	10x	as long as short
BloFin MRVL-USDT	+0.0026%	8h	260.15	−0.027%	$374K	$170K	50x	as long as short
QFEX MRVL-USD	+0.0027%	1h	260.07	−0.058%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.27	+0.019%	$95K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.70	−0.200%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.51	+0.111%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.86	−0.138%	$14.6M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.92	−0.115%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.20	−0.392%	$578K	$928K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	260.21	−0.004%	—	—	5x	as long as short
Binance MRVLUSDT	+0.0061%	8h	260.26	+0.014%	$24.2M	$115.1M	50x	as long as short
Extended MRVL-USD	+0.0064%	1h	260.22	−0.001%	$49K	$204K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.00	−0.085%	$515K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.75	−0.181%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.10	−0.046%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.05	−0.066%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0173%	1h	260.10	−0.046%	$23K	$143K	10x	as long as short
SoDEX MRVL-USD	+0.0214%	1h	260.01	−0.081%	$140	$14K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.65	−0.219%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.42	+0.845%	$11K	$635	12x	as long as short
edgeX MRVLUSDC	+0.0547%	4h	259.76	−0.176%	$37K	$368K	10x	as long as short