Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.114%

Price spread now: Nado against Bitget−0.061%7-day average −0.039% · 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−$80as in the Price arb table

costs, in and out, $10k−$780.782% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.462%+$46 on $10k

Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.061%, 7d avg −0.039%

Together, before fees+0.716%+ Points / potential airdropNado: Active · farm board+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.022% cheaper against Bitget than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.039%). If the spread goes back, that is −$2 on $10k: about 11 hours of funding at the current rate (+$5 a day). At the pace of the last 3 days (+0.462% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	260.48	0	get 0.0000% / 8h	5h 51m	$5.6M	$16.0M	20x
Short	Nado MRVL-PERP	260.32	0.0164	get 0.0020% / 1h	51m 25s	$89K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.061%Rate

Funding earned: $34.44
Price spread: −0.061% → −0.039%: −$2.19
Slippage, 4 orders: −$59.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$45.98
Costs to cover: 0.782%
Break-even: 16.3 days

Slippage from Bitget: live order book, 2 min ago; Nado: live order book, 11 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 Bitget live order book, 2 min ago	1.34 bp	9.8 bp −$10	14.4 bp −$144	32.4 bp −$3,239	doesn't fit
Sell Nado live order book, 11 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	260.40	−0.030%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.41	−0.027%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.57	+0.035%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.51	+0.012%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	260.48	long leg	$5.6M	$16.0M	20x
Variational Omni MRVL	0.0000%	8h	260.75	+0.104%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.65	+0.067%	$467	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.62	+0.054%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	+0.111%	$132K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.45	−0.012%	$935	$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	260.46	−0.008%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.62	+0.054%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.119%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.39	−0.035%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.49	+0.004%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.86	+0.146%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.59	+0.043%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.34	−0.054%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.43	−0.019%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.55	+0.027%	$135	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.43	−0.019%	$575K	$676K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.56	+0.030%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.66	+0.069%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.49	+0.004%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.52	+0.015%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.48	−0.001%	$18	—	10x	as long as short
Nado MRVL-PERPshort	+0.0164%	1h	260.32	−0.061%	$89K	$273K	10x
Deribit MRVL_USDC-PERPETUAL	+0.0173%	1h	260.39	−0.035%	$23K	$143K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.69	+0.081%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.975%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0421%	4h	260.63	+0.059%	$37K	$370K	10x	as long as short