Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0058%/8h= +6.3% APRpaid last 24h +0.082%

Price spread now: Nado against Binance−0.074%48s7-day average −0.051% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$720.721% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.445%+$44 on $10k

Price spread, last 4 days (all we have)−2.251%−$225 · spread now −0.074%, 7d avg −0.051%

Together, before fees−1.806%+ Points / potential airdropNado: Active · farm board−$181 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.023% cheaper against Binance than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.051%). If the spread goes back, that is −$2 on $10k: about 32 hours of funding at the current rate (+$2 a day). At the pace of the last 4 days (+0.445% in total) that is about 4 hours. The two prices were read 48 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	Binance MRVLUSDT	255.23	0	get 0.0000% / 8h	5m 43s	$23.5M	$113.8M	50x
Short	Nado MRVL-PERP	255.04	0.0058	get 0.0007% / 1h	5m 43s	$87K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.074%Rate

Funding earned: $12.18
Price spread: −0.074% → −0.051%: −$2.33
Slippage, 4 orders: −$55.05
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$62.2
Costs to cover: 0.721%
Break-even: 42.8 days

Slippage from Binance: live order book, 7 min ago; Nado: live order book, 32 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 Binance live order book, 7 min ago	0.20 bp	7.8 bp −$8	14.8 bp −$148	64.1 bp −$6,413	doesn't fit
Sell Nado live order book, 32 min ago	8.61 bp	35.0 bp −$35	49.5 bp −$495	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	−0.0511%	8h	255.38	+0.059%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.27	+0.016%	$335K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.15	−0.031%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.17	−0.024%	$50K	$303K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	255.23	long leg	$23.5M	$113.8M	50x
Bybit MRVLUSDT	0.0000%	8h	255.10	−0.051%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.19	−0.015%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.22	−0.004%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.16	−0.027%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	−0.035%	$967	$187K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.14	−0.035%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.11	−0.047%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	0.000%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0011%	8h	255.15	−0.031%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.10	−0.051%	$592	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.19	−0.015%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.14	−0.035%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.98	−0.098%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.50	+0.106%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.10	−0.051%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.08	−0.058%	$99K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.14	−0.035%	$158	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.01	−0.086%	$539K	$847K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.11	−0.049%	—	—	5x	as long as short
Nado MRVL-PERPshort	+0.0058%	1h	255.04	−0.074%	$87K	$272K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	255.07	−0.062%	$504K	$77K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	−0.047%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.12	−0.043%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.06	−0.068%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.032%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.093%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0298%	4h	255.15	−0.029%	$36K	$374K	10x	as long as short