Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Variational Omni against GRVT−0.079%59s7-day average −0.026% · you buy dearer than you sell

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.324%−$32 · spread now −0.079%, 7d avg −0.026%

Together, before fees−0.332%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$33 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.053% cheaper against GRVT than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.026%. The two prices were read 59 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	GRVT MRVL_USDT_Perp	254.50	0	get 0.0000% / 8h	7h 02m	$422	$182K	10x
Short	Variational Omni MRVL	254.30	0	get 0.0000% / 8h	7h 02m	$711K	$460K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.026%: −$5.29
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.29
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 30 min ago; Variational Omni: RFQ quote, 31 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 GRVT live order book, 30 min ago	1.39 bp	11.4 bp −$11	29.0 bp −$290	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 31 min ago	2.76 bp	doesn't fit	20.8 bp −$208	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
Bitget MRVLUSDT	−0.0248%	8h	254.53	+0.011%	$5.4M	$18.2M	20x	as long as short
BloFin MRVL-USDT	−0.0023%	8h	254.48	−0.009%	$367K	$201K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.39	−0.044%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.35	−0.059%	$46K	$298K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.44	−0.025%	$23.3M	$118.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.27	−0.092%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.37	−0.052%	$6.8M	$25.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.52	+0.007%	$5.0M	$8.7M	50x	as long as short
Variational Omni MRVLshort	0.0000%	8h	254.30	−0.079%	$711K	$460K	—
GRVT MRVL_USDT_Perplong	0.0000%	8h	254.50	long leg	$422	$182K	10x

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	254.42	−0.033%	$2K	$5.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.29	−0.084%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.24	−0.103%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	254.01	−0.192%	$1K	$45K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	254.37	−0.052%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.50	−0.001%	$88K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.10	−0.158%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.49	−0.005%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.37	−0.052%	$13.9M	$9.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.15	−0.139%	$99K	$76K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.37	−0.052%	$541K	$862K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.45	−0.019%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0065%	1h	254.26	−0.095%	$87K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	254.29	−0.084%	$326K	$618K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.21	−0.115%	$502K	$151K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.18	−0.127%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.32	−0.072%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.26	−0.095%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	254.36	−0.056%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.836%	$11K	$845	12x	as long as short
SoDEX MRVL-USD	+0.0324%	1h	254.45	−0.021%	$168	$15K	10x	as long as short
edgeX MRVLUSDC	+0.0917%	4h	254.41	−0.036%	$36K	$375K	10x	as long as short