Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h +0.126%

Price spread now: Nado against Variational Omni+0.011%7-day average −0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.448%+$45 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now +0.011%, 7d avg −0.020%

Together, before fees+0.539%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$54 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Nado is 0.031% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	260.37	0	get 0.0000% / 8h	5h 58m	$722K	$651K	—
Short	Nado MRVL-PERP	260.40	0.0153	get 0.0019% / 1h	58m 00s	$89K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now +0.011%Rate

Funding earned: $32.21
Price spread: +0.011% → −0.020%: $3.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $28.3
Costs to cover: 0.070%
Break-even: 0.8 days

Slippage unknown: Variational Omni: RFQ quote, 6 min ago; Nado: live order book, 5 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 Variational Omni RFQ quote, 6 min ago	3.13 bp	doesn't fit	15.7 bp −$157	doesn't fit	doesn't fit
Sell Nado live order book, 5 min ago	8.82 bp	33.7 bp −$34	49.6 bp −$496	doesn't fit	doesn't fit

MRVL on 31 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	260.50	+0.050%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.45	+0.031%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.47	+0.039%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.57	+0.077%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.60	+0.089%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVLlong	0.0000%	8h	260.37	long leg	$722K	$651K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	260.41	+0.017%	$471	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.38	+0.004%	$1K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.96	−0.157%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.26	−0.042%	$884	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.33	−0.015%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.53	+0.062%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.077%	$335K	$631K	10x	as long as short
Extended MRVL-USD	+0.0040%	1h	260.46	+0.035%	$51K	$356K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.01	−0.138%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0042%	8h	260.51	+0.054%	$24.2M	$108.0M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.70	+0.127%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.39	+0.008%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.48	+0.042%	$104K	$79K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.78	−0.226%	$576K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.36	−0.002%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.59	+0.085%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.25	−0.046%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.55	+0.069%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.54	+0.067%	$18	—	10x	as long as short
SoDEX MRVL-USD	+0.0151%	1h	260.32	−0.019%	$151	$15K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.17	−0.077%	$11K	$12K	10x	as long as short
Nado MRVL-PERPshort	+0.0153%	1h	260.40	+0.011%	$89K	$273K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+1.018%	$11K	$680	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0288%	1h	260.53	+0.062%	$23K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0417%	4h	260.40	+0.011%	$37K	$372K	10x	as long as short