MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0142%/8h= +15.6% APRnext payment +$0.18 per $10,000 · paid last 24h −0.084%

Price spread now: Phoenix against Nado+0.280%7-day average — · you sell dearer than you buy

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

Long on Nado Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.280% dearer against Nado than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MRVL-PERP	261.16	0.0073	pay 0.0009% / 1h	23m 19s	$89K	$320K	10x
Short	Phoenix MRVL	261.89	0.0216	get 0.0027% / 1h	23m 19s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.280%Rate

Funding earned: $29.89
Price spread: +0.280% → 0.000%: $28
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $43.89
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Nado: live order book, 49 min ago; Phoenix: no order-book sample. 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 Nado live order book, 49 min ago	6.17 bp	21.5 bp −$22	33.7 bp −$337	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 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
BloFin MRVL-USDT	−0.0006%	8h	261.17	+0.004%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.96	−0.077%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.09	−0.026%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.20	+0.016%	$7.1M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.05	−0.042%	$5.6M	$9.5M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.20	+0.016%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.98	−0.068%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.68	+0.200%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	261.28	+0.045%	$943	$52K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.187%	$335K	$763K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	+0.0026%	8h	261.63	+0.179%	$726K	$765K	—	as long as short
QFEX MRVL-USD	+0.0027%	1h	261.08	−0.030%	$1.1M	$4.2M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.15	−0.003%	$96K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.19	+0.012%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.54	+0.146%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.00	−0.061%	$14.8M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.10	−0.022%	$105K	$83K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.78	+0.238%	$575K	$946K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	261.10	−0.023%	—	—	5x	as long as short
SoDEX MRVL-USD	+0.0066%	1h	261.15	−0.003%	$104	$15K	10x	as long as short
Nado MRVL-PERPlong	+0.0073%	1h	261.16	long leg	$89K	$320K	10x
Extended MRVL-USD	+0.0080%	1h	260.97	−0.074%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0081%	8h	261.02	−0.052%	$24.2M	$114.8M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.31	+0.058%	$517K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.66	+0.192%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.06	−0.038%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.09	−0.025%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0114%	8h	261.56	+0.154%	$230	$204K	10x	as long as short
edgeX MRVLUSDC	+0.0165%	4h	261.53	+0.142%	$37K	$369K	10x	as long as short
Bitget MRVLUSDT	+0.0202%	8h	261.12	−0.015%	$5.5M	$16.5M	20x	as long as short
Phoenix MRVLshort	+0.0216%	1h	261.89	+0.280%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.145%	$11K	$661	12x	as long as short