Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Variational Omni−0.137%7-day average −0.064% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.137%, 7d avg −0.064%

Together, before fees+0.031%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.074% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.137% now, against its 7-day average of −0.064%). If the spread goes back, that is −$7 on $10k: about 4.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	255.07	0	get 0.0000% / 8h	20m 26s	$715K	$468K	—
Short	Ondo Perps MRVL-USD.P	254.72	0.0050	get 0.0006% / 1h	20m 26s	$531K	$839K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. 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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now −0.137%Rate

Funding earned: $10.58
Price spread: −0.137% → −0.064%: −$7.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.78
Costs to cover: 0.050%
Break-even: 8.2 days

Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Ondo Perps: no order-book sample. 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 Variational Omni RFQ quote, 19 min ago	2.74 bp	doesn't fit	18.0 bp −$180	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Bitget MRVLUSDT	−0.0538%	8h	255.33	+0.102%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.122%	$334K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.15	+0.032%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.08	+0.005%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.20	+0.051%	$23.5M	$114.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.09	+0.008%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.13	+0.023%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.21	+0.055%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVLlong	0.0000%	8h	255.07	long leg	$715K	$468K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	254.86	−0.082%	$367	$189K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	255.24	+0.067%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.01	−0.024%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.02	−0.020%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.06	−0.004%	$676	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.14	+0.027%	$1.1M	$3.5M	10x	as long as short
BloFin MRVL-USDT	+0.0027%	8h	255.02	−0.020%	$367K	$188K	50x	as long as short
Lighter MRVL	+0.0032%	1h	255.11	+0.016%	$88K	$167K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.84	−0.090%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.31	+0.094%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.06	−0.004%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.03	−0.016%	$99K	$84K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.07	0.000%	$209	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	254.72	−0.137%	$531K	$839K	10x
Paradex MRVL-USD-PERP	+0.0051%	8h	255.09	+0.007%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0057%	1h	255.10	+0.011%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.08	+0.004%	$505K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.09	+0.008%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.16	+0.035%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.15	+0.031%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	254.98	−0.035%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.156%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0393%	4h	254.88	−0.074%	$36K	$374K	10x	as long as short