Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0658%/8h= −72.0% APRpaid last 24h −0.087%

Price spread now: Bitget against Nado+0.150%7-day average +0.041% · 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−$52as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.469%−$47 on $10k

Price spread, last 4 days (all we have)−0.343%−$34 · spread now +0.150%, 7d avg +0.041%

Together, before fees−0.812%+ Points / potential airdropNado: Active · farm board−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.108% dearer against Nado than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.041%): +$11 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	255.07	0.0045	pay 0.0006% / 1h	49m 59s	$87K	$272K	10x
Short	Bitget MRVLUSDT	255.45	−0.0613	pay 0.0613% / 8h	49m 59s	$5.5M	$17.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.150%Rate

Funding earned: −$138.15
Price spread: +0.150% → +0.041%: $10.85
Slippage, 4 orders: −$44.29
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$190.6
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from Nado: live order book, 53 min ago; Bitget: live order book, 4 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, 53 min ago	5.11 bp	12.9 bp −$13	26.3 bp −$263	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.17 bp	10.7 bp −$11	13.7 bp −$137	35.1 bp −$3,514	89.8 bp −$44.9K

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 MRVLUSDTshort	−0.0613%	8h	255.45	+0.150%	$5.5M	$17.1M	20x
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.95	−0.046%	$335K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.33	+0.101%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.30	+0.091%	$46K	$309K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.52	+0.177%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.21	+0.056%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.39	+0.126%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.30	+0.091%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.03	−0.017%	$709K	$463K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.36	+0.115%	$401	$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	255.21	+0.056%	$2K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.04	−0.011%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0009%	8h	255.02	−0.019%	$366K	$186K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.17	+0.040%	$632	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.19	+0.048%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.12	+0.020%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.97	−0.039%	$23K	$27K	5x	as long as short
Nado MRVL-PERPlong	+0.0045%	1h	255.07	long leg	$87K	$272K	10x
Vest MRVL-USD-PERP	+0.0046%	1h	255.41	+0.134%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.18	+0.044%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.93	−0.054%	$100K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.11	+0.016%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.92	−0.058%	$532K	$858K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.06	−0.005%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0064%	1h	255.13	+0.024%	$22K	$145K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.43	+0.142%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.07	+0.001%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.17	+0.040%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.11	+0.018%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.25	+0.071%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.10	+1.189%	$11K	$823	12x	as long as short
edgeX MRVLUSDC	+0.0822%	4h	255.27	+0.078%	$36K	$374K	10x	as long as short