Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.113%

Price spread now: GRVT against Nado−0.019%7-day average +0.043% · 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−$83as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.441%−$44 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.019%, 7d avg +0.043%

Together, before fees−0.330%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and GRVT is 0.062% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	261.14	0.0120	pay 0.0015% / 1h	6m 35s	$89K	$275K	10x
Short	GRVT MRVL_USDT_Perp	261.09	0	get 0.0000% / 8h	5h 06m	$381	$189K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$25.27
Price spread: −0.019% → +0.043%: −$6.16
Slippage, 4 orders: −$60.97
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$108.4
Costs to cover: 0.770%
Break-even: never at this rate

Slippage from Nado: live order book, 56 min ago; GRVT: live order book, 56 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, 56 min ago	8.82 bp	23.7 bp −$24	35.7 bp −$357	doesn't fit	doesn't fit
Sell GRVT live order book, 56 min ago	1.53 bp	8.4 bp −$8	18.2 bp −$182	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	−0.0022%	8h	261.26	+0.045%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.10	−0.016%	$314K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.19	+0.018%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.23	+0.034%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.26	+0.045%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.26	+0.045%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.96	−0.068%	$718K	$651K	—	as long as short
GRVT MRVL_USDT_Perpshort	0.0000%	8h	261.09	−0.019%	$381	$189K	10x
SunX MRVL-USDT	0.0000%	8h	261.33	+0.072%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.87	−0.104%	$132K	$42K	50x	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	260.94	−0.078%	$606	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.20	+0.023%	$47K	$351K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.21	+0.026%	$1.1M	$3.6M	10x	as long as short
Binance MRVLUSDT	+0.0026%	8h	261.27	+0.047%	$24.3M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	261.33	+0.072%	$94K	$206K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.499%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.85	−0.112%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.57	+0.164%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.07	−0.027%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.14	−0.001%	$105K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.24	+0.038%	$146	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.97	−0.066%	$577K	$694K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	261.19	+0.019%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0056%	1h	261.17	+0.011%	$23K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.15	+0.003%	$516K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.01	−0.050%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.20	+0.022%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.19	+0.020%	$18	—	10x	as long as short
Nado MRVL-PERPlong	+0.0120%	1h	261.14	long leg	$89K	$275K	10x
Phoenix MRVL	+0.0215%	1h	261.20	+0.022%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+0.861%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0491%	4h	261.07	−0.028%	$37K	$370K	10x	as long as short