Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.093%

Price spread now: Bybit against Nado+0.021%7-day average −0.007% · 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−$76as in the Price arb table

costs, in and out, $10k−$790.789% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.483%−$48 on $10k

Price spread, last 4 days (all we have)−0.285%−$29 · spread now +0.021%, 7d avg −0.007%

Together, before fees−0.768%+ Points / potential airdropNado: Active · farm board−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.028% dearer against Nado than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.007%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 4 days (−0.483% 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	255.10	0.0059	pay 0.0007% / 1h	19m 03s	$87K	$272K	10x
Short	Bybit MRVLUSDT	255.15	0	get 0.0000% / 8h	19m 03s	$5.0M	$4.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$12.38
Price spread: +0.021% → −0.007%: $2.78
Slippage, 4 orders: −$60.95
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.54
Costs to cover: 0.789%
Break-even: never at this rate

Slippage from Nado: live order book, 19 min ago; Bybit: live order book, 4 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, 19 min ago	8.61 bp	22.3 bp −$22	36.4 bp −$364	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.37 bp	10.8 bp −$11	28.3 bp −$283	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
Bitget MRVLUSDT	−0.0537%	8h	255.41	+0.122%	$5.5M	$17.2M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	255.21	+0.044%	$367K	$188K	50x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.132%	$334K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.13	+0.012%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.20	+0.042%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.17	+0.028%	$23.5M	$114.0M	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	255.15	+0.021%	$5.0M	$4.1M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	255.19	+0.036%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.31	+0.083%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.07	−0.011%	$715K	$468K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	255.13	+0.012%	$977	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.31	+0.083%	$1K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.02	−0.030%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.20	+0.039%	$676	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.16	+0.024%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.18	+0.032%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.87	−0.089%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.35	+0.099%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.07	−0.011%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.29	+0.075%	$99K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.19	+0.036%	$214	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.72	−0.148%	$531K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.02	−0.030%	—	—	5x	as long as short
Nado MRVL-PERPlong	+0.0059%	1h	255.10	long leg	$87K	$272K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	255.11	+0.005%	$504K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.09	−0.003%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.17	+0.028%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.17	+0.028%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.98	−0.046%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.146%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0393%	4h	254.88	−0.084%	$36K	$374K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0417%	1h	255.17	+0.028%	$22K	$145K	10x	as long as short