Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h −0.063%

Price spread now: Orderly against Nado−0.022%51s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.022% cheaper against Nado than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 46 hours of funding at the current rate (+$1 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	255.62	0.0062	pay 0.0008% / 1h	37m 24s	$87K	$272K	10x
Short	Orderly PERP_MRVL_USDC_mythos	255.56	0.0100	get 0.0100% / 8h	37m 24s	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.022%Rate

Funding earned: $8.07
Price spread: −0.022% → 0.000%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.16
Costs to cover: 0.130%
Break-even: 13.2 days

Slippage unknown: Nado: live order book, 65 min ago; Orderly: no order-book sample. Net counts fees only.

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, 65 min ago	5.11 bp	12.9 bp −$13	26.3 bp −$263	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	255.68	+0.025%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.99	+0.146%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.64	+0.010%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.66	+0.017%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.61	−0.005%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.61	−0.003%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.55	−0.026%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.75	+0.052%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.83	+0.081%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.59	−0.010%	$391	$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	255.59	−0.011%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.51	−0.042%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.51	−0.042%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	255.56	−0.022%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.55	−0.028%	$734	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.63	+0.005%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.67	+0.021%	$89K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.42	−0.077%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.86	+0.095%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.49	−0.050%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.38	−0.093%	$99K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.56	−0.022%	$225	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.73	+0.044%	$534K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	255.60	−0.006%	—	—	5x	as long as short
Nado MRVL-PERPlong	+0.0062%	1h	255.62	long leg	$87K	$272K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	255.65	+0.013%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	+0.048%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythosshort	+0.0100%	8h	255.56	−0.022%	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	255.55	−0.025%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.57	−0.018%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+1.038%	$11K	$825	12x	as long as short
edgeX MRVLUSDC	+0.0413%	4h	255.53	−0.033%	$36K	$374K	10x	as long as short