Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0073%/8h= +8.0% APRpaid last 24h +0.132%

Price spread now: Nado against Gate−0.012%50s7-day average −0.034% · 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−$810.806% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.723%+$72 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.012%, 7d avg −0.034%

Together, before fees+0.783%+ Points / potential airdropNado: Active · farm board+$78 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Nado is 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.034%. The two prices were read 50 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	Gate MRVL_USDT	261.19	0	get 0.0000% / 8h	7h 22m	$5.6M	$9.5M	50x
Short	Nado MRVL-PERP	261.16	0.0073	get 0.0009% / 1h	22m 32s	$89K	$320K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.012%Rate

Funding earned: $15.38
Price spread: −0.012% → −0.034%: $2.24
Slippage, 4 orders: −$58.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$62.97
Costs to cover: 0.806%
Break-even: 35.7 days

Slippage from Gate: live order book, 1 min ago; Nado: live order book, 50 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 Gate live order book, 1 min ago	2.49 bp	16.0 bp −$16	38.0 bp −$380	50.9 bp −$5,092	84.9 bp −$42.5K
Sell Nado live order book, 50 min ago	6.17 bp	25.3 bp −$25	38.6 bp −$386	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
BloFin MRVL-USDT	−0.0006%	8h	261.17	−0.008%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.07	−0.045%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.21	+0.008%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.27	+0.031%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	261.19	long leg	$5.6M	$9.5M	50x
SunX MRVL-USDT	0.0000%	8h	261.20	+0.004%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.98	−0.080%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.68	+0.188%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.28	+0.033%	$943	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.199%	$335K	$763K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0026%	8h	261.63	+0.167%	$726K	$765K	—	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.17	−0.008%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.31	+0.046%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.11	−0.031%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.54	+0.134%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.11	−0.031%	$14.9M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.10	−0.034%	$105K	$83K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.78	+0.226%	$575K	$946K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.26	+0.028%	—	—	5x	as long as short
SoDEX MRVL-USD	+0.0066%	1h	261.15	−0.015%	$104	$15K	10x	as long as short
Nado MRVL-PERPshort	+0.0073%	1h	261.16	−0.012%	$89K	$320K	10x
Extended MRVL-USD	+0.0080%	1h	261.24	+0.019%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0081%	8h	261.29	+0.038%	$24.3M	$114.7M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.43	+0.092%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.66	+0.180%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.06	−0.050%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.09	−0.037%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0114%	8h	261.56	+0.142%	$230	$204K	10x	as long as short
edgeX MRVLUSDC	+0.0165%	4h	261.53	+0.130%	$37K	$369K	10x	as long as short
Bitget MRVLUSDT	+0.0204%	8h	261.24	+0.019%	$5.5M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.89	+0.268%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.133%	$11K	$661	12x	as long as short