MRVL Funding Rate — Marvell tokenized stock perpetuals across 15 venues
Tokenized stock (xStock) perpetual · compared across 15 venues · net of estimated fees · updated every few minutes
MRVL represents tokenized exposure to Marvell shares (a Backed.fi xStock) traded as a perpetual. The perp, its funding and the underlying share are three different things — read the rate with liquidity and the backtest below.
Live annualized MRVL perpetual funding across all 15 venues Perpia tracks. Right now MRVL funding is positive on 6 and negative on 1, ranging from +37.5% on Arcus to -22.2% on Nado — a spread of 59.7%. The widest delta-neutral trade is long Nado / short Arcus at 54.4% net APR.
MRVL funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
MRVL funding rate by venue
67 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Arcus↗ | +37.5% | 1h |
| KuCoin↗ | +10.9% | 8h |
| Ondo Perps | +5.5% | 1h |
| Hyperliquid↗ | +5.5% | 1h |
| trade.xyz↗ | +5.5% | 1h |
| Lighter↗ | +3.5% | 8h |
| Extended↗ | +0.0% | 1h |
| Variational↗ | +0.0% | 8h |
| OKX↗ | +0.0% | 8h |
| Aster↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| Bitget↗ | +0.0% | 8h |
| Bybit↗ | +0.0% | 8h |
| Ostium↗ | +0.0% | 1h |
| Nado↗ | -22.2% | 24h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Nado vs Arcus page.
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MRVL funding — FAQ
Is MRVL funding positive right now?
MRVL perpetual funding is positive on 6 of 15 venues Perpia tracks and negative on 1. The highest is +37.5% on Arcus; the lowest is -22.2% on Nado.
What is the best MRVL funding arbitrage right now?
Go long Nado and short Arcus for about 54.4% net APR after fees — the widest delta-neutral MRVL spread Perpia currently sees.
Which exchange has the highest MRVL funding rate?
Arcus, at +37.5% annualized. Funding shifts continuously, so check the live table above before trading.
How MRVL funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Related tokenized stocks
See the full list on the tokenized stocks hub.