MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0133%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h −0.027%

Price spread now: Phoenix against Nado−0.071%57s7-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 Phoenix

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. Phoenix is 0.071% cheaper against Nado than usual: you would sell low and buy high (spread −0.071% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 43 hours of funding at the current rate (+$4 a day). The two prices were read 57 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	256.67	0.0054	pay 0.0007% / 1h	7m 52s	$87K	$275K	10x
Short	Phoenix MRVL	256.49	0.0187	get 0.0023% / 1h	7m 52s	$11K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.071%Rate

Funding earned: $27.95
Price spread: −0.071% → 0.000%: −$7.14
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.81
Costs to cover: 0.140%
Break-even: 5.3 days

Slippage unknown: Nado: live order book, 38 min ago; Phoenix: 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, 38 min ago	5.26 bp	21.4 bp −$21	34.2 bp −$342	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 exchanges

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	−0.0016%	8h	256.65	−0.009%	$376K	$220K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.52	−0.059%	$303K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.69	+0.006%	$47K	$283K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.78	+0.040%	$23.5M	$120.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.60	−0.029%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.78	+0.042%	$6.9M	$26.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.79	+0.045%	$5.0M	$8.7M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.81	+0.053%	$5.5M	$19.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.59	−0.033%	$713K	$215K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	256.77	+0.038%	$1K	$5.2M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.65	−0.009%	$22K	$146K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.66	−0.005%	$132K	$49K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0005%	1h	256.42	−0.101%	$1K	$42K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0012%	8h	256.65	−0.010%	$878	$179K	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.46	−0.083%	$104K	$182K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	256.63	−0.017%	$11K	$823	12x	as long as short
QFEX MRVL-USD	+0.0034%	1h	256.72	+0.018%	$1.2M	$3.4M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.44	−0.091%	$23K	$21K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.91	+0.092%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.56	−0.044%	$14.1M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.78	+0.042%	$77K	$128K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.69	+0.006%	$175	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.44	−0.091%	$544K	$865K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	256.65	−0.009%	—	—	5x	as long as short
Nado MRVL-PERPlong	+0.0054%	1h	256.67	long leg	$87K	$275K	10x
edgeX MRVLUSDC	+0.0079%	4h	256.51	−0.063%	$36K	$374K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.72	+0.018%	$507K	$283K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.62	−0.021%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.62	−0.021%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.58	−0.035%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	256.80	+0.049%	$320K	$427K	10x	as long as short
Phoenix MRVLshort	+0.0187%	1h	256.49	−0.071%	$11K	$13K	10x