Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.132%

Price spread now: Bybit against Nado+0.016%7-day average −0.008% · 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−$67as in the Price arb table

costs, in and out, $10k−$700.697% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.474%−$47 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.016%, 7d avg −0.008%

Together, before fees−0.533%+ Points / potential airdropNado: Active · farm board−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.024% dearer against Nado than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.008%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 3 days (−0.474% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	262.04	0.0059	pay 0.0007% / 1h	48m 19s	$89K	$316K	10x
Short	Bybit MRVLUSDT	262.08	0	get 0.0000% / 8h	7h 48m	$5.2M	$4.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$12.46
Price spread: +0.016% → −0.008%: $2.41
Slippage, 4 orders: −$51.74
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$79.79
Costs to cover: 0.697%
Break-even: never at this rate

Slippage from Nado: live order book, 24 min ago; Bybit: 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, 24 min ago	6.17 bp	21.5 bp −$22	33.7 bp −$337	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.77 bp	9.8 bp −$10	26.1 bp −$261	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	261.92	−0.047%	$316K	$327K	50x	as long as short
Bybit MRVLUSDTshort	0.0000%	8h	262.08	+0.016%	$5.2M	$4.0M	50x
OKX MRVL-USDT-SWAP	0.0000%	8h	262.11	+0.027%	$7.1M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	262.13	+0.035%	$5.7M	$9.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	262.13	+0.035%	$5.6M	$16.5M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.26	−0.678%	$297	$221K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	262.11	+0.027%	$1K	$6.7M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	262.06	+0.008%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.82	−0.083%	$132K	$51K	50x	as long as short
Variational Omni MRVL	+0.0005%	8h	261.21	−0.315%	$724K	$767K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MRVL-USDT	+0.0009%	8h	261.86	−0.068%	$376K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.71	−0.507%	$953	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−1.408%	$319K	$764K	10x	as long as short
QFEX MRVL-USD	+0.0027%	1h	262.05	+0.004%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	262.16	+0.046%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.94	−0.419%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	262.40	+0.138%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.98	−0.022%	$14.8M	$9.0M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	262.09	+0.020%	$105K	$86K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.58	−0.175%	$580K	$942K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0056%	8h	262.10	+0.024%	—	—	5x	as long as short
Nado MRVL-PERPlong	+0.0059%	1h	262.04	long leg	$89K	$316K	10x
Extended MRVL-USD	+0.0064%	1h	262.02	−0.009%	$47K	$239K	10x	as long as short
Binance MRVLUSDT	+0.0066%	8h	262.14	+0.039%	$24.4M	$114.9M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	262.00	−0.015%	$519K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.92	−0.427%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	262.04	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.85	−0.074%	$18	—	10x	as long as short
Phoenix MRVL	+0.0216%	1h	260.21	−0.698%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.96	+0.352%	$11K	$638	12x	as long as short
edgeX MRVLUSDC	+0.0578%	4h	260.22	−0.692%	$37K	$369K	10x	as long as short
SoDEX MRVL-USD	+0.0880%	1h	261.90	−0.053%	$152	$14K	10x	as long as short