Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0041%/8h= −4.4% APRpaid last 24h −0.108%

Price spread now: SunX against Nado+0.003%7-day average +0.036% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.484%−$48 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.003%, 7d avg +0.036%

Together, before fees−0.455%+ Points / potential airdropNado: Active · farm board−$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX 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 +0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	256.75	0.0041	pay 0.0005% / 1h	38m 02s	$88K	$272K	10x
Short	SunX MRVL-USDT	256.76	0	get 0.0000% / 8h	3h 38m	$1K	$6.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$8.51
Price spread: +0.003% → +0.036%: −$3.25
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$26.76
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 15 min ago; SunX: live order book, 11 min ago. Net counts fees only.

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, 15 min ago	4.45 bp	25.3 bp −$25	39.0 bp −$390	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	79.88 bp	doesn't fit	doesn't fit	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	256.60	−0.060%	$308K	$332K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.60	−0.060%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.46	−0.115%	$23.6M	$109.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.41	−0.133%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.51	−0.094%	$6.8M	$22.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.67	−0.032%	$5.5M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.69	−0.024%	$5.5M	$16.2M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.34	+0.231%	$714K	$631K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.32	+0.222%	$818	$190K	10x	as long as short
SunX MRVL-USDTshort	0.0000%	8h	256.76	+0.003%	$1K	$6.1M	10x

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	256.53	−0.086%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	256.94	+0.074%	$130K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0012%	8h	256.73	−0.008%	$369K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	257.36	+0.239%	$597	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.70	−0.020%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.56	−0.074%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.98	+0.089%	$25K	$26K	5x	as long as short
Nado MRVL-PERPlong	+0.0041%	1h	256.75	long leg	$88K	$272K	10x
Vest MRVL-USD-PERP	+0.0046%	1h	257.02	+0.105%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.35	−0.156%	$14.4M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.51	−0.094%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.66	−0.036%	$190	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.12	−0.246%	$573K	$718K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.73	−0.010%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.54	−0.082%	$329K	$623K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.87	+0.046%	$508K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.78	+0.401%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.63	−0.047%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.59	−0.065%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	257.70	+0.370%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.908%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0222%	4h	257.39	+0.249%	$36K	$371K	10x	as long as short