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: Bybit against Nado−0.042%7-day average −0.008% · 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−$72as in the Price arb table

costs, in and out, $10k−$690.685% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.474%−$47 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.042%, 7d avg −0.008%

Together, before fees−0.475%+ Points / potential airdropNado: Active · farm board−$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.033% cheaper against Nado than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	261.16	0.0073	pay 0.0009% / 1h	22m 57s	$89K	$320K	10x
Short	Bybit MRVLUSDT	261.05	0	get 0.0000% / 8h	7h 22m	$5.1M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$15.38
Price spread: −0.042% → −0.008%: −$3.33
Slippage, 4 orders: −$50.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$87.22
Costs to cover: 0.685%
Break-even: never at this rate

Slippage from Nado: live order book, 50 min ago; Bybit: live order book, 5 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, 50 min ago	6.17 bp	21.5 bp −$22	33.7 bp −$337	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.57 bp	11.9 bp −$12	27.3 bp −$273	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	+0.004%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.92	−0.090%	$314K	$328K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	261.05	−0.042%	$5.1M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	261.20	+0.016%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.17	+0.004%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.20	+0.016%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.98	−0.068%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.68	+0.200%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.28	+0.045%	$943	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.187%	$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	+0.179%	$726K	$765K	—	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.08	−0.030%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.15	−0.003%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.19	+0.012%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.54	+0.146%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.00	−0.061%	$14.8M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.10	−0.022%	$105K	$83K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.78	+0.238%	$575K	$946K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.10	−0.023%	—	—	5x	as long as short
SoDEX MRVL-USD	+0.0066%	1h	261.15	−0.003%	$104	$15K	10x	as long as short
Nado MRVL-PERPlong	+0.0073%	1h	261.16	long leg	$89K	$320K	10x
Extended MRVL-USD	+0.0080%	1h	261.02	−0.054%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0081%	8h	261.27	+0.043%	$24.3M	$114.8M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.29	+0.050%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.66	+0.192%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.06	−0.038%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.09	−0.025%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0114%	8h	261.56	+0.154%	$230	$204K	10x	as long as short
edgeX MRVLUSDC	+0.0165%	4h	261.53	+0.142%	$37K	$369K	10x	as long as short
Bitget MRVLUSDT	+0.0202%	8h	261.16	0.000%	$5.5M	$16.5M	20x	as long as short
Phoenix MRVL	+0.0216%	1h	261.89	+0.280%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.145%	$11K	$661	12x	as long as short