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: KuCoin against Nado+0.067%7-day average +0.002% · 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−$272as in the Price arb table

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

Long on Nado Short on KuCoin

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)−0.091%−$9 · spread now +0.067%, 7d avg +0.002%

Together, before fees−0.501%+ Points / potential airdropNado: Active · farm board−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.065% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.002%. Mind the row above: over the last 3 days funding on this pair cost −0.410%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	260.85	0.0087	pay 0.0011% / 1h	37m 06s	$89K	$272K	10x
Short	KuCoin MRVLUSDTM	261.02	0.0100	get 0.0100% / 8h	4h 37m	$515K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $2.8
Price spread: +0.067% → +0.002%: $6.46
Slippage, 4 orders: −$259.92
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$269.65
Costs to cover: 2.789%
Break-even: 680.0 days

Slippage from Nado: live order book, 20 min ago; KuCoin: live order book, 46 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, 20 min ago	8.43 bp	21.2 bp −$21	33.5 bp −$335	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	5.38 bp	154.0 bp −$154	doesn't fit	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	+0.006%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.89	+0.019%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.81	−0.012%	$47K	$349K	10x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.80	−0.017%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.86	+0.006%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.88	+0.013%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.88	+0.013%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	+0.123%	$719K	$641K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.14	+0.114%	$595	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.93	+0.033%	$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	−0.048%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	+0.017%	$132K	$42K	50x	as long as short
Binance MRVLUSDT	+0.0002%	8h	260.85	+0.004%	$24.3M	$107.7M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.84	−0.003%	$721	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.84	−0.002%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.86	+0.006%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.71	−0.052%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.24	+0.151%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.73	−0.044%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.71	−0.052%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.81	−0.013%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.89	+0.017%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.84	−0.004%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0059%	4h	260.91	+0.026%	$37K	$371K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.385%	$334K	$629K	10x	as long as short
Nado MRVL-PERPlong	+0.0087%	1h	260.85	long leg	$89K	$272K	10x
KuCoin MRVLUSDTMshort	+0.0100%	8h	261.02	+0.067%	$515K	$60K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	261.00	+0.059%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.88	+0.013%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.83	−0.004%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	+0.056%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.091%	$11K	$700	12x	as long as short