Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.052%

Price spread now: Nado against Orderly+0.046%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Nado is 0.046% dearer against Orderly than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	255.96	0.0100	pay 0.0100% / 8h	6h 01m	$2K	$2K	10x
Short	Nado MRVL-PERP	256.08	0.0056	get 0.0007% / 1h	1m 53s	$87K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now +0.046%Rate

Funding earned: −$9.22
Price spread: +0.046% → 0.000%: $4.57
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.65
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 48 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 48 min ago	10.64 bp	30.6 bp −$31	43.2 bp −$432	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MRVL on 32 exchanges

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	256.16	+0.077%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.93	−0.012%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.11	+0.059%	$23.6M	$119.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.92	−0.016%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.99	+0.012%	$7.0M	$25.9M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.99	+0.012%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.09	+0.051%	$5.5M	$19.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.10	+0.057%	$710K	$214K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	255.98	+0.008%	$2K	$5.3M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.90	−0.023%	$22K	$145K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	256.06	+0.039%	$132K	$48K	50x	as long as short
BloFin MRVL-USDT	0.0000%	8h	256.28	+0.125%	$372K	$212K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.37	−0.229%	$1K	$43K	10x	as long as short
edgeX MRVLUSDC	+0.0022%	4h	256.12	+0.063%	$36K	$375K	10x	as long as short
QFEX MRVL-USD	+0.0031%	1h	255.96	0.000%	$1.2M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.00	+0.016%	$89K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.86	−0.430%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.24	+0.109%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.85	−0.043%	$14.1M	$9.4M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.04	+0.031%	$200	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.55	−0.160%	$542K	$858K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.05	+0.036%	—	—	5x	as long as short
Nado MRVL-PERPshort	+0.0056%	1h	256.08	+0.046%	$87K	$276K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	255.85	−0.043%	$505K	$222K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.94	−0.008%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	255.96	long leg	$2K	$2K	10x
Aevo MRVL-PERP	+0.0104%	1h	255.81	−0.057%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0105%	8h	256.03	+0.028%	$947	$181K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	255.76	−0.078%	$317K	$491K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.85	−0.043%	$11K	$13K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.262%	$11K	$832	12x	as long as short
Polymarket Perps MRVL-USD	+0.0238%	1h	256.52	+0.219%	$100K	$76K	10x	as long as short