Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.087%

Price spread now: Nado against Aster+0.010%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1021.019% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.487%+$49 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.010%, 7d avg −0.021%

Together, before fees+0.506%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Nado is 0.030% dearer against Aster than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MRVLUSDT	254.39	0	get 0.0000% / 8h	6h 56m	$300K	$337K	50x
Short	Nado MRVL-PERP	254.41	0.0119	get 0.0015% / 1h	56m 47s	$87K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.010%Rate

Funding earned: $24.9
Price spread: +0.010% → −0.021%: $3.05
Slippage, 4 orders: −$86.94
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$73.99
Costs to cover: 1.019%
Break-even: 27.8 days

Slippage from Aster: live order book, 35 min ago; Nado: live order book, 36 min ago.

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 Aster live order book, 35 min ago	3.59 bp	20.3 bp −$20	2287.8 bp −$22.9K	doesn't fit	doesn't fit
Sell Nado live order book, 36 min ago	10.36 bp	32.3 bp −$32	44.5 bp −$445	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
Bitget MRVLUSDT	−0.0214%	8h	254.71	+0.126%	$5.4M	$18.2M	20x	as long as short
Aster MRVLUSDTlong	0.0000%	8h	254.39	long leg	$300K	$337K	50x
Extended MRVL-USD	0.0000%	1h	254.68	+0.115%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.72	+0.130%	$23.3M	$118.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.55	+0.063%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.69	+0.118%	$6.8M	$25.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.84	+0.177%	$4.9M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.30	−0.034%	$711K	$460K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.31	−0.031%	$422	$182K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	254.61	+0.086%	$2K	$5.6M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	254.55	+0.063%	$131K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0020%	8h	254.56	+0.067%	$368K	$202K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	254.33	−0.022%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0031%	1h	254.37	−0.008%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.66	+0.106%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.04	−0.138%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.64	+0.098%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.54	+0.059%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.48	+0.035%	$99K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.54	+0.059%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.19	−0.079%	$541K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.16	−0.089%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.57	+0.071%	$502K	$158K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.42	+0.012%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.55	+0.063%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.51	+0.047%	$18	—	10x	as long as short
Nado MRVL-PERPshort	+0.0119%	1h	254.41	+0.010%	$87K	$276K	10x
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.54	+0.059%	$325K	$620K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.32	−0.028%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.881%	$11K	$832	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0300%	1h	254.47	+0.031%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0936%	4h	254.55	+0.065%	$36K	$373K	10x	as long as short