Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0157%/8h= +17.2% APRpaid last 24h +0.048%

Price spread now: Phoenix against Variational Omni+0.105%69s7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phoenix is 0.105% dearer against Variational Omni than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 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	Variational Omni MRVL	254.80	0	get 0.0000% / 8h	2h 14m	$707K	$487K	—
Short	Phoenix MRVL	255.07	0.0157	get 0.0020% / 1h	14m 06s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Variational 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 Variational OmnibpFee PhoenixbpOrdersPrice spread, now +0.105%Rate

Funding earned: $32.9
Price spread: +0.105% → 0.000%: $10.48
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $36.38
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Phoenix: 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, 35 min ago	2.73 bp	doesn't fit	18.6 bp −$186	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0913%	8h	255.64	+0.329%	$5.6M	$16.9M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.31	+0.201%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.48	+0.265%	$46K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.60	+0.311%	$23.6M	$112.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.47	+0.262%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.60	+0.313%	$6.8M	$23.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.57	+0.301%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVLlong	0.0000%	8h	254.80	long leg	$707K	$487K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	254.75	−0.021%	$548	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.39	+0.230%	$2K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	254.44	−0.142%	$130K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	254.79	−0.005%	$363K	$180K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	254.66	−0.055%	$591	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	255.33	+0.207%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	255.51	+0.277%	$88K	$202K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.67	−0.052%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.47	+0.262%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.41	+0.238%	$14.1M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.26	+0.179%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.25	+0.175%	$158	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.13	+0.128%	$561K	$751K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	255.20	+0.158%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0088%	1h	255.14	+0.131%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.472%	$318K	$634K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.34	+0.211%	$504K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.96	+0.062%	$4K	$139K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.34	+0.211%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.33	+0.206%	$18	—	10x	as long as short
Phoenix MRVLshort	+0.0157%	1h	255.07	+0.105%	$11K	$12K	10x
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.506%	$11K	$735	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0259%	1h	255.57	+0.301%	$22K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0904%	4h	255.07	+0.104%	$36K	$375K	10x	as long as short