Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0115%/8h= −12.6% APRpaid last 24h −0.113%

Price spread now: Aster against Nado+0.069%7-day average +0.019% · 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−$83as in the Price arb table

costs, in and out, $10k−$880.881% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.482%−$48 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.069%, 7d avg +0.019%

Together, before fees−0.553%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.050% dearer against Nado than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.019%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 3 days (−0.482% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	260.27	0.0115	pay 0.0014% / 1h	23m 18s	$89K	$272K	10x
Short	Aster MRVLUSDT	260.45	0	get 0.0000% / 8h	4h 23m	$313K	$331K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$24.08
Price spread: +0.069% → +0.019%: $4.98
Slippage, 4 orders: −$73.1
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$107.2
Costs to cover: 0.881%
Break-even: never at this rate

Slippage from Nado: live order book, 34 min ago; Aster: live order book, 34 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 Nado live order book, 34 min ago	8.43 bp	21.2 bp −$21	33.5 bp −$335	doesn't fit	doesn't fit
Sell Aster live order book, 34 min ago	2.87 bp	21.1 bp −$21	399.0 bp −$3,990	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	−0.0021%	8h	260.33	+0.022%	$375K	$171K	50x	as long as short
Aster MRVLUSDTshort	0.0000%	8h	260.45	+0.069%	$313K	$331K	50x
Extended MRVL-USD	0.0000%	1h	260.57	+0.115%	$47K	$349K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.64	+0.141%	$24.2M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.46	+0.072%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.56	+0.110%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.57	+0.114%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.63	+0.137%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.37	+0.036%	$717K	$637K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.55	+0.106%	$717	$189K	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	260.57	+0.114%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.42	+0.056%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.52	+0.093%	$605	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.40	+0.049%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.45	+0.068%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.26	−0.005%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.80	+0.202%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.34	+0.026%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.44	+0.064%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.50	+0.087%	$89	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.28	+0.003%	$576K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.42	+0.056%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.166%	$334K	$628K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.66	+0.149%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.53	+0.099%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.52	+0.095%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.48	+0.081%	$18	—	10x	as long as short
Nado MRVL-PERPlong	+0.0115%	1h	260.27	long leg	$89K	$272K	10x
Phoenix MRVL	+0.0153%	1h	260.39	+0.045%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.163%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0524%	4h	260.39	+0.046%	$37K	$371K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0557%	1h	260.52	+0.095%	$23K	$144K	10x	as long as short