Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0089%/8h= +9.7% APRpaid last 24h +0.070%

Price spread now: Nado against SunX−0.104%48s7-day average −0.035% · you buy dearer than you sell

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

Long on SunX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.490%+$49 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.104%, 7d avg −0.035%

Together, before fees+0.555%+ Points / potential airdropNado: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.070% cheaper against SunX than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.035%). If the spread goes back, that is −$7 on $10k: about 2.6 days of funding at the current rate (+$3 a day). At the pace of the last 4 days (+0.490% in total) that is about 13 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MRVL-USDT	255.76	0	get 0.0000% / 8h	4h 43m	$1K	$5.1M	10x
Short	Nado MRVL-PERP	255.49	0.0089	get 0.0011% / 1h	43m 19s	$87K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee NadobpOrdersPrice spread, now −0.104%Rate

Funding earned: $18.6
Price spread: −0.104% → −0.035%: −$6.97
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$3.37
Costs to cover: 0.150%
Break-even: 8.3 days

Slippage unknown: SunX: live order book, 9 min ago; Nado: live order book, 62 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 SunX live order book, 9 min ago	44.78 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 62 min ago	5.26 bp	36.2 bp −$36	50.5 bp −$505	doesn't fit	doesn't fit

MRVL on 32 exchanges

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	−0.0007%	8h	255.43	−0.129%	$381K	$210K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.35	−0.160%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.60	−0.061%	$46K	$352K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.70	−0.023%	$23.7M	$121.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.53	−0.090%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.58	−0.070%	$6.9M	$26.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.61	−0.059%	$4.9M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	255.67	−0.035%	$5.4M	$19.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	255.32	−0.172%	$710K	$216K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.56	−0.076%	$823	$179K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDTlong	0.0000%	8h	255.76	long leg	$1K	$5.1M	10x
HTX MRVL-USDT	0.0000%	8h	255.31	−0.176%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0009%	1h	255.36	−0.155%	$1K	$41K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	255.59	−0.066%	$1.2M	$3.4M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.34	−0.164%	$104K	$183K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	259.12	+1.314%	$11K	$820	12x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.35	−0.160%	$22K	$20K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.73	−0.012%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.46	−0.117%	$14.0M	$9.1M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.57	−0.074%	$158	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.51	−0.098%	$541K	$855K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	255.58	−0.071%	—	—	5x	as long as short
Nado MRVL-PERPshort	+0.0089%	1h	255.49	−0.104%	$87K	$275K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	255.71	−0.020%	$505K	$313K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.18	−0.227%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.60	−0.063%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.45	−0.121%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.23	−0.207%	$11K	$13K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0160%	1h	255.57	−0.074%	$318K	$425K	10x	as long as short
edgeX MRVLUSDC	+0.0209%	4h	255.44	−0.127%	$36K	$377K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0256%	1h	255.75	−0.004%	$54K	$151K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0729%	1h	255.63	−0.051%	$22K	$144K	10x	as long as short