Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.114%

Price spread now: Bitget against Nado+0.004%52s7-day average +0.039% · 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—prices read too far apart to compare

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

Long on Nado Short on Bitget

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)−0.197%−$20 · spread now +0.004%, 7d avg +0.039%

Together, before fees−0.659%+ Points / potential airdropNado: Active · farm board−$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bitget is 0.035% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.039%). Swap the legs. The two prices were read 52 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	Nado MRVL-PERP	260.47	0.0178	pay 0.0022% / 1h	51m 46s	$89K	$273K	10x
Short	Bitget MRVLUSDT	260.48	0	get 0.0000% / 8h	5h 51m	$5.6M	$16.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$37.43
Price spread: +0.004% → +0.039%: −$3.52
Slippage, 4 orders: −$59.23
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.18
Costs to cover: 0.782%
Break-even: never at this rate

Slippage from Nado: live order book, 11 min ago; Bitget: live order book, 2 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 Nado live order book, 11 min ago	8.82 bp	23.7 bp −$24	35.7 bp −$357	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.34 bp	10.9 bp −$11	14.6 bp −$146	34.2 bp −$3,417	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	260.52	+0.018%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.55	+0.031%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.63	+0.062%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.63	+0.062%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDTshort	0.0000%	8h	260.48	+0.004%	$5.6M	$16.0M	20x
Variational Omni MRVL	0.0000%	8h	260.75	+0.109%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	+0.119%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.62	+0.058%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	+0.116%	$132K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.52	+0.020%	$885	$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	260.67	+0.077%	$1.1M	$3.7M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.62	+0.058%	$95K	$203K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.115%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.39	−0.030%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.65	+0.071%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.98	+0.196%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.57	+0.039%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.51	+0.016%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.56	+0.035%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.55	+0.031%	$135	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.43	−0.015%	$575K	$676K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.56	+0.034%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.83	+0.139%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	+0.012%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.63	+0.062%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.59	+0.046%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0172%	1h	260.53	+0.023%	$23K	$143K	10x	as long as short
Nado MRVL-PERPlong	+0.0178%	1h	260.47	long leg	$89K	$273K	10x
Phoenix MRVL	+0.0215%	1h	260.48	+0.004%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.979%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0817%	4h	260.80	+0.127%	$37K	$370K	10x	as long as short