Funding you earn now, next payment 00:00 UTC−0.0138%/8h= −15.2% APRnext payment −$0.17 per $10,000 · paid last 24h +0.084%
Price spread now: Nado against Phoenix−0.050%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.050% cheaper against Phoenix than usual: you would sell low and buy high (−$5 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 | Phoenix MRVL | 261.29 | 0.0216 | pay 0.0027% / 1h | 21m 29s | $11K | $12K | 10x |
| Short | Nado MRVL-PERP | 261.16 | 0.0077 | get 0.0010% / 1h | 21m 29s | $89K | $320K | 10x |
Phoenix MRVL
Nado MRVL-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Nado against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$29.08
- Price spread: −0.050% → 0.000%
- −$5
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Net
- −$48.08
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Nado: live order book, 51 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Nado live order book, 51 min ago | 6.17 bp | 25.3 bp −$25 | 38.6 bp −$386 | doesn't fit | doesn't fit |
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 | −0.046% | $376K | $170K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 261.00 | −0.110% | $314K | $328K | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 261.32 | +0.011% | $5.2M | $4.0M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 261.45 | +0.061% | $7.1M | $22.7M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 261.12 | −0.065% | $5.7M | $9.5M | 50x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 261.33 | +0.015% | $1K | $6.6M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 261.14 | −0.057% | $23K | $143K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 261.68 | +0.149% | $132K | $45K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0013% | 1h | 261.24 | −0.019% | $942 | $52K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0024% | 1h | 260.67 | −0.237% | $335K | $763K | 10x | as long as short |
BloFin MRVL-USDT
Aster MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSD
Coinbase International MRVL-PERP-INTXShow 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 | +0.129% | $726K | $765K | — | as long as short |
| QFEX MRVL-USD | +0.0027% | 1h | 261.22 | −0.027% | $1.1M | $4.2M | 10x | as long as short |
| Lighter MRVL | +0.0032% | 1h | 261.22 | −0.027% | $96K | $209K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 261.07 | −0.084% | $26K | $27K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 261.74 | +0.172% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 261.05 | −0.092% | $14.8M | $8.8M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 261.43 | +0.054% | $105K | $83K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 261.17 | −0.046% | $104 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 261.07 | −0.084% | $573K | $930K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0054% | 8h | 261.19 | −0.039% | — | — | 5x | as long as short |
| Nado MRVL-PERPshort | +0.0077% | 1h | 261.16 | −0.050% | $89K | $320K | 10x | |
| Extended MRVL-USD | +0.0080% | 1h | 261.19 | −0.038% | $47K | $347K | 10x | as long as short |
| Binance MRVLUSDT | +0.0083% | 8h | 261.39 | +0.038% | $24.3M | $114.7M | 50x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 261.40 | +0.042% | $517K | $67K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 261.13 | −0.061% | $4K | $142K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 261.11 | −0.069% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 261.16 | −0.049% | $18 | — | 10x | as long as short |
| GRVT MRVL_USDT_Perp | +0.0114% | 8h | 261.56 | +0.103% | $230 | $204K | 10x | as long as short |
| Bitget MRVLUSDT | +0.0206% | 8h | 261.28 | −0.004% | $5.5M | $16.5M | 20x | as long as short |
| Phoenix MRVLlong | +0.0216% | 1h | 261.29 | long leg | $11K | $12K | 10x | |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 264.15 | +1.095% | $11K | $661 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0860% | 4h | 261.13 | −0.060% | $37K | $369K | 10x | as long as short |
Variational Omni MRVL
QFEX MRVL-USD
Lighter MRVL
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Extended MRVL-USD
Binance MRVLUSDT
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
GRVT MRVL_USDT_Perp
Bitget MRVLUSDT
Injective MRVL/USDC PERP
edgeX MRVLUSDC