Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.113%

Price spread now: Nado against OKX−0.080%7-day average −0.012% · 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−$70as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.448%+$45 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.080%, 7d avg −0.012%

Together, before fees+0.555%+ Points / potential airdropNado: Active · farm board+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.067% cheaper against OKX than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of −0.012%). If the spread goes back, that is −$7 on $10k: about 42 hours of funding at the current rate (+$4 a day). At the pace of the last 3 days (+0.448% in total) that is about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	260.49	0	get 0.0000% / 8h	4h 10m	$7.0M	$22.3M	50x
Short	Nado MRVL-PERP	260.28	0.0127	get 0.0016% / 1h	10m 38s	$89K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.080%Rate

Funding earned: $26.67
Price spread: −0.080% → −0.012%: −$6.74
Slippage, 4 orders: −$45.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$43
Costs to cover: 0.629%
Break-even: 18.3 days

Slippage from OKX: live order book, 3 min ago; Nado: live order book, 47 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 OKX live order book, 3 min ago	0.19 bp	8.2 bp −$8	14.0 bp −$140	doesn't fit	doesn't fit
Sell Nado live order book, 47 min ago	8.43 bp	25.6 bp −$26	39.8 bp −$398	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	260.47	−0.008%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.43	−0.025%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.52	+0.013%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.37	−0.046%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	260.49	long leg	$7.0M	$22.3M	50x
Gate MRVL_USDT	0.0000%	8h	260.47	−0.008%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.54	+0.019%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	−0.020%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.30	−0.073%	$635	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.59	+0.038%	$868	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.34	−0.058%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.31	−0.070%	$657	$49K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.44	−0.019%	$374K	$172K	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.42	−0.027%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.51	+0.008%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.18	−0.119%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.68	+0.073%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.35	−0.054%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.20	−0.111%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.43	−0.023%	$109	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.19	−0.115%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.42	−0.027%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.092%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.57	+0.031%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	−0.038%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.42	−0.027%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.37	−0.045%	$18	—	10x	as long as short
Nado MRVL-PERPshort	+0.0127%	1h	260.28	−0.080%	$89K	$272K	10x
Phoenix MRVL	+0.0153%	1h	260.39	−0.038%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.079%	$11K	$705	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0288%	1h	260.38	−0.042%	$23K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0972%	4h	260.23	−0.099%	$37K	$373K	10x	as long as short