Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.068%

Price spread now: Nado against Orderly−0.060%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.060% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	254.62	0.0100	pay 0.0100% / 8h	1h 45m	$2K	$3K	10x
Short	Nado MRVL-PERP	254.47	0.0073	get 0.0009% / 1h	45m 13s	$87K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.060%Rate

Funding earned: −$5.76
Price spread: −0.060% → 0.000%: −$6
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$24.76
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 62 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 62 min ago	8.59 bp	28.4 bp −$28	42.3 bp −$423	doesn't fit	doesn't fit

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	−0.0751%	8h	254.78	+0.063%	$5.5M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.66	+0.016%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.58	−0.016%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.60	−0.008%	$23.5M	$113.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.57	−0.020%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.66	+0.016%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.68	+0.024%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.51	−0.045%	$708K	$479K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.65	+0.011%	$626	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.51	−0.043%	$1K	$6.0M	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	254.59	−0.012%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.55	−0.027%	$130K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0005%	8h	254.53	−0.035%	$364K	$183K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	254.81	+0.074%	$593	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.72	+0.039%	$324K	$642K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.56	−0.024%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.52	−0.039%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.53	−0.035%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.78	+0.063%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.52	−0.039%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.41	−0.082%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.51	−0.043%	$148	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.40	−0.086%	$556K	$774K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.36	−0.103%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0069%	4h	254.63	+0.006%	$36K	$375K	10x	as long as short
Nado MRVL-PERPshort	+0.0073%	1h	254.47	−0.060%	$87K	$272K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	254.68	+0.024%	$504K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.65	+0.012%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	254.62	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	254.59	−0.010%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.01	+0.153%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.257%	$11K	$851	12x	as long as short