Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h +0.096%

Price spread now: Nado against Orderly−0.093%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.093% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	259.56	0.0100	pay 0.0100% / 8h	6h 33m	$2K	$3K	10x
Short	Nado MRVL-PERP	259.32	0.0079	get 0.0010% / 1h	33m 49s	$89K	$319K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.093%Rate

Funding earned: −$4.51
Price spread: −0.093% → 0.000%: −$9.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.8
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 34 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 34 min ago	7.65 bp	14.5 bp −$14	39.3 bp −$393	doesn't fit	doesn't fit

Orderly: 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 31 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	259.64	+0.031%	$312K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.53	−0.012%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.48	−0.031%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.56	0.000%	$5.6M	$8.7M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.58	+0.008%	$5.6M	$16.3M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.91	+0.135%	$982	$194K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	259.42	−0.054%	$1K	$6.4M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.47	−0.035%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.40	−0.062%	$131K	$41K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	259.18	−0.146%	$333K	$636K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0013%	1h	259.65	+0.036%	$920	$51K	10x	as long as short
QFEX MRVL-USD	+0.0023%	1h	259.39	−0.065%	$1.1M	$3.9M	10x	as long as short
Variational Omni MRVL	+0.0028%	8h	259.48	−0.029%	$721K	$655K	—	as long as short
Lighter MRVL	+0.0032%	1h	259.54	−0.008%	$95K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.41	−0.058%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.77	+0.081%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.45	−0.042%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.45	−0.042%	$104K	$77K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.42	−0.054%	$83	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.26	−0.116%	$566K	$691K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	259.57	+0.004%	—	—	5x	as long as short
Nado MRVL-PERPshort	+0.0079%	1h	259.32	−0.093%	$89K	$319K	10x
Extended MRVL-USD	+0.0080%	1h	259.51	−0.020%	$47K	$347K	10x	as long as short
Binance MRVLUSDT	+0.0083%	8h	259.56	0.000%	$24.1M	$110.3M	50x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.74	+0.069%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.48	−0.031%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	259.56	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	259.54	−0.007%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	259.23	−0.127%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.62	+1.179%	$11K	$679	12x	as long as short
edgeX MRVLUSDC	+0.0924%	4h	259.80	+0.093%	$37K	$370K	10x	as long as short