Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Variational Omni against ApeX Omni+0.078%7-day average +0.003% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.065%−$6 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.078%, 7d avg +0.003%

Together, before fees−0.207%+ Points / potential airdropVariational Omni: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.076% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.003%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	260.76	0.0100	pay 0.0013% / 1h	9m 17s	$4K	$141K	50x
Short	Variational Omni MRVL	260.96	0	get 0.0000% / 8h	5h 09m	$718K	$651K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now +0.078%Rate

Funding earned: −$21
Price spread: +0.078% → +0.003%: $7.56
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$23.44
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 51 min ago; Variational Omni: RFQ quote, 55 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 ApeX Omni live order book, 51 min ago	23.05 bp	38.5 bp −$39	195.2 bp −$1,952	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 55 min ago	3.13 bp	doesn't fit	18.6 bp −$186	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
BloFin MRVL-USDT	−0.0010%	8h	261.10	+0.130%	$376K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.98	+0.084%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.02	+0.100%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.10	+0.130%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.11	+0.134%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	261.09	+0.127%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVLshort	0.0000%	8h	260.96	+0.078%	$718K	$651K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	261.10	+0.131%	$381	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.10	+0.130%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.90	+0.054%	$132K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0016%	1h	260.83	+0.028%	$605	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.03	+0.104%	$51K	$347K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.07	+0.119%	$1.1M	$3.6M	10x	as long as short
Binance MRVLUSDT	+0.0026%	8h	261.10	+0.130%	$24.3M	$107.8M	50x	as long as short
Lighter MRVL	+0.0032%	1h	261.16	+0.153%	$94K	$206K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.353%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.67	−0.035%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.44	+0.261%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.95	+0.073%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.98	+0.084%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.08	+0.123%	$151	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.76	0.000%	$576K	$694K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	261.07	+0.118%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0057%	1h	261.01	+0.096%	$23K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.02	+0.100%	$515K	$61K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	260.76	long leg	$4K	$141K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.07	+0.119%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.05	+0.110%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0120%	1h	260.97	+0.080%	$89K	$275K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.20	+0.169%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.009%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0220%	4h	260.97	+0.082%	$37K	$370K	10x	as long as short