Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0039%/8h= −4.2% APRpaid last 24h −0.098%

Price spread now: Aster against Nado+0.106%7-day average +0.020% · 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−$75as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.486%−$49 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.106%, 7d avg +0.020%

Together, before fees−0.596%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.087% dearer against Nado than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.020%): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days. At the pace of the last 3 days (−0.486% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	254.65	0.0039	pay 0.0005% / 1h	26m 19s	$87K	$272K	10x
Short	Aster MRVLUSDT	254.92	0	get 0.0000% / 8h	1h 26m	$300K	$341K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$8.15
Price spread: +0.106% → +0.020%: $8.66
Slippage, 4 orders: −$68.24
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$82.73
Costs to cover: 0.832%
Break-even: never at this rate

Slippage from Nado: live order book, 16 min ago; Aster: live order book, 16 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, 16 min ago	5.11 bp	12.9 bp −$13	26.3 bp −$263	doesn't fit	doesn't fit
Sell Aster live order book, 16 min ago	2.75 bp	21.8 bp −$22	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
Bitget MRVLUSDT	−0.0844%	8h	255.00	+0.137%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0007%	8h	254.79	+0.055%	$364K	$184K	50x	as long as short
Aster MRVLUSDTshort	0.0000%	8h	254.92	+0.106%	$300K	$341K	50x
Extended MRVL-USD	0.0000%	1h	254.83	+0.068%	$47K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.93	+0.108%	$23.5M	$113.5M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.88	+0.090%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.88	+0.090%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.91	+0.102%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	254.44	−0.083%	$708K	$475K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.46	−0.074%	$547	$190K	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	254.81	+0.062%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.87	+0.086%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.86	+0.082%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	254.62	−0.013%	$635	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.33	−0.126%	$332K	$650K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.88	+0.090%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.85	+0.078%	$1.1M	$3.5M	10x	as long as short
Nado MRVL-PERPlong	+0.0039%	1h	254.65	long leg	$87K	$272K	10x
Arcus MRVL-USD	+0.0040%	1h	254.48	−0.067%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.09	+0.172%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.74	+0.035%	$13.9M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.70	+0.019%	$101K	$82K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.92	+0.106%	$122	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.41	−0.095%	$549K	$806K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.58	−0.029%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.79	+0.055%	$504K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.92	+0.106%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.86	+0.082%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.84	+0.073%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	254.97	+0.125%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.244%	$11K	$853	12x	as long as short
edgeX MRVLUSDC	+0.0746%	4h	254.87	+0.085%	$36K	$372K	10x	as long as short