Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0013%/8h= −1.5% APRpaid last 24h +0.083%

Price spread now: Nado against KuCoin−0.059%7-day average −0.002% · 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−$285as in the Price arb table

costs, in and out, $10k−$2792.789% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.410%+$41 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.059%, 7d avg −0.002%

Together, before fees+0.493%+ Points / potential airdropNado: Active · farm board+$49 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Nado is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.002%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.410%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MRVLUSDTM	261.00	0.0100	pay 0.0100% / 8h	4h 36m	$515K	$60K	20x
Short	Nado MRVL-PERP	260.85	0.0087	get 0.0011% / 1h	36m 40s	$89K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now −0.059%Rate

Funding earned: −$2.8
Price spread: −0.059% → −0.002%: −$5.69
Slippage, 4 orders: −$259.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$287.42
Costs to cover: 2.789%
Break-even: never at this rate

Slippage from KuCoin: live order book, 46 min ago; Nado: live order book, 21 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 KuCoin live order book, 46 min ago	5.38 bp	78.1 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 21 min ago	8.43 bp	25.6 bp −$26	39.8 bp −$398	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
BloFin MRVL-USDT	0.0000%	8h	260.86	−0.054%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.88	−0.044%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.81	−0.074%	$47K	$349K	10x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.78	−0.084%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.86	−0.054%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.88	−0.046%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.88	−0.046%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	+0.064%	$719K	$641K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.14	+0.054%	$595	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.93	−0.027%	$1K	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.72	−0.107%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	−0.042%	$132K	$42K	50x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.88	−0.045%	$24.3M	$107.7M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.84	−0.063%	$721	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.84	−0.061%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.86	−0.054%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.71	−0.111%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.24	+0.092%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.73	−0.103%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.71	−0.111%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.81	−0.073%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.89	−0.042%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.84	−0.063%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0059%	4h	260.91	−0.033%	$37K	$371K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.444%	$334K	$629K	10x	as long as short
Nado MRVL-PERPshort	+0.0087%	1h	260.85	−0.059%	$89K	$272K	10x
KuCoin MRVLUSDTMlong	+0.0100%	8h	261.00	long leg	$515K	$60K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	261.00	0.000%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.88	−0.046%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.83	−0.064%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	−0.004%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.031%	$11K	$700	12x	as long as short