Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0394%/8h= +43.2% APRpaid last 24h +0.102%

Price spread now: Nado against Bitget−0.019%7-day average −0.040% · 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−$64as in the Price arb table

costs, in and out, $10k−$670.666% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.466%+$47 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.019%, 7d avg −0.040%

Together, before fees+0.505%+ Points / potential airdropNado: Active · farm board+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Nado is 0.021% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	256.38	−0.0298	get 0.0298% / 8h	3h 15m	$5.5M	$16.4M	20x
Short	Nado MRVL-PERP	256.33	0.0096	get 0.0012% / 1h	15m 20s	$87K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.019%Rate

Funding earned: $82.8
Price spread: −0.019% → −0.040%: $2.14
Slippage, 4 orders: −$47.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $18.33
Costs to cover: 0.666%
Break-even: 5.5 days

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 37 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 Bitget live order book, 3 min ago	1.76 bp	9.9 bp −$10	13.1 bp −$131	42.9 bp −$4,295	doesn't fit
Sell Nado live order book, 37 min ago	4.45 bp	20.9 bp −$21	34.4 bp −$344	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
Bitget MRVLUSDTlong	−0.0298%	8h	256.38	long leg	$5.5M	$16.4M	20x
BloFin MRVL-USDT	−0.0022%	8h	256.02	−0.140%	$368K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.11	−0.106%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.10	−0.110%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.10	−0.109%	$23.5M	$109.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.05	−0.129%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.06	−0.125%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.33	−0.020%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.39	+0.002%	$711K	$630K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	−0.074%	$602	$191K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	256.36	−0.008%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.29	−0.035%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.91	−0.183%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.16	−0.084%	$595	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.37	−0.004%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.08	−0.117%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.93	−0.176%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.074%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.20	−0.070%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.17	−0.082%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.13	−0.098%	$174	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.28	−0.039%	$549K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	256.21	−0.066%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.320%	$322K	$633K	10x	as long as short
Nado MRVL-PERPshort	+0.0096%	1h	256.33	−0.019%	$87K	$272K	10x
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	−0.008%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.26	−0.047%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.12	−0.100%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	256.48	+0.039%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	−0.129%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.056%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0550%	4h	256.06	−0.125%	$36K	$374K	10x	as long as short