Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0632%/8h= −69.2% APRpaid last 24h +0.091%

Price spread now: Nado against edgeX−0.053%62s7-day average −0.030% · 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−$670.671% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.820%+$82 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.053%, 7d avg −0.030%

Together, before fees+0.813%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$81 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Nado is 0.023% cheaper against edgeX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.030%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.820%, so the current rate has only just turned against you. The two prices were read 62 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	edgeX MRVLUSDC	260.45	0.0762	pay 0.0381% / 4h	8m 22s	$37K	$371K	10x
Short	Nado MRVL-PERP	260.31	0.0131	get 0.0016% / 1h	8m 22s	$89K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: −$132.63
Price spread: −0.053% → −0.030%: −$2.31
Slippage, 4 orders: −$51.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$202.05
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from edgeX: live order book, 50 min ago; Nado: live order book, 49 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 edgeX live order book, 50 min ago	5.36 bp	10.2 bp −$10	14.4 bp −$144	doesn't fit	doesn't fit
Sell Nado live order book, 49 min ago	8.43 bp	25.6 bp −$26	39.8 bp −$398	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	260.51	+0.025%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.33	−0.045%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.40	−0.017%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.30	−0.056%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.32	−0.048%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.39	−0.021%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.41	−0.014%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	−0.003%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.60	+0.058%	$636	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.45	+0.002%	$940	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.30	−0.056%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.34	−0.040%	$131K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0014%	8h	260.50	+0.021%	$374K	$172K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.37	−0.028%	$604	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.41	−0.014%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.40	−0.017%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.19	−0.098%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.73	+0.109%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.21	−0.090%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.18	−0.102%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.33	−0.044%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−0.071%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.36	−0.034%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.075%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.56	+0.044%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	−0.021%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.36	−0.033%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.36	−0.032%	$18	—	10x	as long as short
Nado MRVL-PERPshort	+0.0131%	1h	260.31	−0.053%	$89K	$272K	10x
Phoenix MRVL	+0.0153%	1h	260.39	−0.021%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.096%	$11K	$705	12x	as long as short
edgeX MRVLUSDClong	+0.0762%	4h	260.45	long leg	$37K	$371K	10x