Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0045%/8h= −5.0% APRpaid last 24h −0.015%

Price spread now: Variational Omni against Ondo Perps+0.023%7-day average +0.059% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.051%−$5 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.023%, 7d avg +0.059%

Together, before fees−0.100%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.036% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps MRVL-USD.P	259.94	0.0050	pay 0.0006% / 1h	53m 35s	$578K	$931K	10x
Short	Variational Omni MRVL	260.00	0.0005	get 0.0005% / 8h	7h 53m	$723K	$765K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.023%Rate

Funding earned: −$9.54
Price spread: +0.023% → +0.059%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$18.14
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 20 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 20 min ago	2.72 bp	doesn't fit	16.1 bp −$161	doesn't fit	doesn't fit

Ondo Perps: 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
Aster MRVLUSDT	0.0000%	8h	260.13	+0.072%	$314K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.17	+0.088%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.21	+0.104%	$7.1M	$22.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.22	+0.108%	$5.6M	$9.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.16	+0.085%	$5.6M	$16.4M	20x	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.90	−0.015%	$686	$223K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.13	+0.073%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.99	+0.019%	$131K	$51K	50x	as long as short
Variational Omni MRVLshort	+0.0005%	8h	260.00	+0.023%	$723K	$765K	—
Aftermath Perps MRVLUSD	+0.0015%	1h	259.68	−0.100%	$882	$53K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	258.35	−0.612%	$319K	$764K	10x	as long as short
BloFin MRVL-USDT	+0.0026%	8h	260.15	+0.081%	$374K	$170K	50x	as long as short
QFEX MRVL-USD	+0.0027%	1h	260.11	+0.065%	$1.1M	$4.3M	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.21	+0.104%	$95K	$209K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.77	−0.065%	$26K	$28K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.57	+0.242%	—	$46K	25x	as long as short
Nado MRVL-PERP	+0.0049%	1h	260.08	+0.053%	$88K	$316K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.12	+0.069%	$14.6M	$8.9M	10x	as long as short
Ondo Perps MRVL-USD.Plong	+0.0050%	1h	259.94	long leg	$578K	$931K	10x
Paradex MRVL-USD-PERP	+0.0057%	8h	260.13	+0.073%	—	—	5x	as long as short
Binance MRVLUSDT	+0.0061%	8h	260.22	+0.108%	$24.2M	$114.9M	50x	as long as short
Extended MRVL-USD	+0.0064%	1h	260.13	+0.074%	$49K	$204K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.06	+0.046%	$516K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.75	−0.073%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.14	+0.077%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.96	+0.008%	$18	—	10x	as long as short
Polymarket Perps MRVL-USD	+0.0123%	1h	260.16	+0.085%	$105K	$86K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0173%	1h	260.12	+0.069%	$23K	$143K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.65	−0.112%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.42	+0.954%	$11K	$635	12x	as long as short
SoDEX MRVL-USD	+0.0275%	1h	260.15	+0.081%	$151	$14K	10x	as long as short
edgeX MRVLUSDC	+0.0547%	4h	259.76	−0.068%	$37K	$368K	10x	as long as short