Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.107%

Price spread now: Bitget against Nado+0.070%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−$64as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.464%−$46 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.070%, 7d avg +0.040%

Together, before fees−0.548%+ Points / potential airdropNado: Active · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.030% dearer against Nado than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.040%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.464% in total) that is about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	260.59	0.0127	pay 0.0016% / 1h	21m 06s	$89K	$272K	10x
Short	Bitget MRVLUSDT	260.77	0	get 0.0000% / 8h	4h 21m	$5.6M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$26.7
Price spread: +0.070% → +0.040%: $2.98
Slippage, 4 orders: −$47.83
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$90.56
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Nado: live order book, 36 min ago; Bitget: live order book, 3 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, 36 min ago	8.43 bp	21.2 bp −$21	33.5 bp −$335	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.73 bp	9.3 bp −$9	12.2 bp −$122	40.9 bp −$4,093	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	260.87	+0.108%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.70	+0.043%	$47K	$349K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.75	+0.062%	$24.2M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.68	+0.035%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.66	+0.028%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.75	+0.062%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDTshort	0.0000%	8h	260.77	+0.070%	$5.6M	$16.0M	20x
Variational Omni MRVL	0.0000%	8h	260.37	−0.085%	$717K	$637K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.74	+0.058%	$662	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.82	+0.089%	$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
HTX MRVL-USDT	0.0000%	8h	260.76	+0.066%	$131K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0004%	8h	260.65	+0.024%	$375K	$172K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.69	+0.041%	$665	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.73	+0.055%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.80	+0.081%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.40	−0.072%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.11	+0.200%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.54	−0.018%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.63	+0.016%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.68	+0.035%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.66	+0.028%	$576K	$680K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.76	+0.068%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.287%	$334K	$628K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.73	+0.055%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.53	−0.022%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.73	+0.055%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.72	+0.050%	$18	—	10x	as long as short
Nado MRVL-PERPlong	+0.0127%	1h	260.59	long leg	$89K	$272K	10x
Phoenix MRVL	+0.0153%	1h	260.75	+0.062%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.041%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0556%	1h	260.75	+0.062%	$23K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0665%	4h	260.55	−0.014%	$37K	$371K	10x	as long as short