Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0264%/8h= +28.9% APRpaid last 24h +0.159%

Price spread now: Nado against SunX−0.062%7-day average −0.035% · you buy dearer than you sell

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

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.472%+$47 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.062%, 7d avg −0.035%

Together, before fees+0.481%+ Points / potential airdropNado: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.027% cheaper against SunX than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of −0.035%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	257.39	0	get 0.0000% / 8h	1h 59m	$1K	$7.0M	10x
Short	Nado MRVL-PERP	257.23	0.0264	get 0.0033% / 1h	59m 15s	$509K	$66K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. 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 SunXbpFee NadobpOrdersPrice spread, now −0.062%Rate

Funding earned: $55.48
Price spread: −0.062% → −0.035%: −$2.7
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $37.78
Costs to cover: 0.150%
Break-even: 2.2 days

Slippage unknown: SunX: live order book, 10 min ago; Nado: live order book, 24 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 SunX live order book, 10 min ago	45.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 24 min ago	4.47 bp	21.0 bp −$21	39.7 bp −$397	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
Aster MRVLUSDT	0.0000%	8h	257.30	−0.035%	$310K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.43	+0.017%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.48	+0.034%	$24.1M	$115.2M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.31	−0.031%	$5.1M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.39	0.000%	$7.1M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.51	+0.047%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.40	+0.004%	$5.6M	$16.3M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.40	+0.002%	$710K	$760K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.39	−0.001%	$394	$249K	10x	as long as short
SunX MRVL-USDTlong	0.0000%	8h	257.39	long leg	$1K	$7.0M	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	257.27	−0.047%	$130K	$81K	50x	as long as short
edgeX MRVLUSDC	+0.0015%	4h	257.40	+0.002%	$36K	$369K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	257.27	−0.045%	$633	$54K	10x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	257.35	−0.016%	$377K	$172K	50x	as long as short
Lighter MRVL	+0.0032%	1h	257.52	+0.051%	$91K	$207K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.13	−0.101%	$25K	$30K	5x	as long as short
QFEX MRVL-USD	+0.0043%	1h	257.44	+0.019%	$1.1M	$4.2M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.61	+0.085%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.34	−0.019%	$14.5M	$9.8M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.45	+0.023%	$252	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.17	−0.085%	$585K	$939K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0068%	8h	257.39	+0.001%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0100%	1h	257.38	−0.004%	$22K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.27	−0.047%	$509K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.15	−0.093%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.43	+0.016%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.43	+0.017%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.13	−0.101%	$317K	$890K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	257.29	−0.039%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	259.98	+1.006%	$11K	$604	12x	as long as short
Nado MRVL-PERPshort	+0.0264%	1h	257.23	−0.062%	$509K	$66K	10x
Polymarket Perps MRVL-USD	+0.0273%	1h	257.61	+0.085%	$106K	$64K	10x	as long as short