Funding you earn now, next payment 02:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h +0.071%
Price spread now: Nado against Phoenix−0.047%117s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.047% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 117 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 | Phoenix MRVL | 261.20 | 0.0215 | pay 0.0027% / 1h | 5m 28s | $11K | $12K | 10x |
| Short | Nado MRVL-PERP | 261.08 | 0.0123 | get 0.0015% / 1h | 5m 28s | $89K | $275K | 10x |
Phoenix MRVL
Nado MRVL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$19.47
- Price spread: −0.047% → 0.000%
- −$4.73
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$38.2
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 57 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 57 min ago | 8.82 bp | 33.7 bp −$34 | 49.6 bp −$496 | doesn't fit | doesn't fit |
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 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 | +0.023% | $376K | $171K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 261.10 | −0.038% | $314K | $330K | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 261.21 | +0.004% | $5.1M | $3.8M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 261.27 | +0.027% | $7.0M | $22.3M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 261.28 | +0.031% | $5.6M | $8.4M | 50x | as long as short |
| Bitget MRVLUSDT | 0.0000% | 8h | 261.26 | +0.023% | $5.6M | $16.0M | 20x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 261.17 | −0.010% | $719K | $650K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 261.09 | −0.041% | $381 | $189K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 261.23 | +0.011% | $1K | $6.1M | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 260.87 | −0.126% | $132K | $42K | 50x | as long as short |
BloFin MRVL-USDT
Aster MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Bitget MRVLUSDT
Variational Omni MRVL
GRVT MRVL_USDT_Perp
SunX MRVL-USDT
HTX MRVL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MRVLUSD | +0.0017% | 1h | 261.02 | −0.070% | $672 | $50K | 10x | as long as short |
| Extended MRVL-USD | +0.0024% | 1h | 261.20 | +0.001% | $47K | $351K | 10x | as long as short |
| QFEX MRVL-USD | +0.0026% | 1h | 261.21 | +0.004% | $1.1M | $3.6M | 10x | as long as short |
| Binance MRVLUSDT | +0.0026% | 8h | 261.28 | +0.032% | $24.3M | $107.7M | 50x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 261.30 | +0.038% | $94K | $206K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0032% | 1h | 259.84 | −0.521% | $334K | $630K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 260.89 | −0.119% | $26K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 261.58 | +0.145% | — | $49K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 261.13 | −0.027% | $14.6M | $8.4M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 261.14 | −0.023% | $105K | $79K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 261.19 | −0.004% | $151 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 260.97 | −0.088% | $577K | $694K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0052% | 8h | 261.18 | −0.007% | — | — | 5x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | +0.0095% | 1h | 261.12 | −0.031% | $23K | $144K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 261.15 | −0.019% | $516K | $61K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 261.01 | −0.073% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 261.19 | −0.004% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 261.18 | −0.009% | $18 | — | 10x | as long as short |
| Nado MRVL-PERPshort | +0.0123% | 1h | 261.08 | −0.047% | $89K | $275K | 10x | |
| Phoenix MRVLlong | +0.0215% | 1h | 261.20 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 263.39 | +0.838% | $11K | $693 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0242% | 4h | 261.23 | +0.012% | $37K | $371K | 10x | as long as short |
Aftermath Perps MRVLUSD
Extended MRVL-USD
QFEX MRVL-USD
Binance MRVLUSDT
Lighter MRVL
Coinbase International MRVL-PERP-INTX
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Deribit MRVL_USDC-PERPETUAL
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Injective MRVL/USDC PERP
edgeX MRVLUSDC