Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h −0.011%

Price spread now: Variational Omni against Aftermath Perps+0.128%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Variational Omni

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

The price spread pays, funding is against you. Variational Omni is 0.128% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.128% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps MRVLUSD	256.73	0.0014	pay 0.0002% / 1h	46m 39s	$1K	$42K	10x
Short	Variational Omni MRVL	257.06	0	get 0.0000% / 8h	5h 46m	$714K	$215K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aftermath 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 Aftermath PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.128%Rate

Funding earned: −$2.95
Price spread: +0.128% → 0.000%: $12.75
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.8
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Aftermath Perps: no order-book sample; Variational Omni: RFQ quote, just now. 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 Aftermath Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, just now	2.74 bp	doesn't fit	14.5 bp −$145	doesn't fit	doesn't fit

Aftermath 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 exchanges

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	256.86	+0.049%	$303K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.57	−0.063%	$46K	$285K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.86	+0.049%	$23.5M	$120.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.64	−0.036%	$4.9M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.58	−0.059%	$7.0M	$26.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.68	−0.020%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.72	−0.005%	$5.5M	$19.1M	20x	as long as short
Variational Omni MRVLshort	0.0000%	8h	257.06	+0.128%	$714K	$215K	—
SunX MRVL-USDT	0.0000%	8h	256.91	+0.069%	$1K	$5.3M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.79	+0.023%	$22K	$145K	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	257.21	+0.186%	$132K	$49K	50x	as long as short
Aftermath Perps MRVLUSDlong	+0.0014%	1h	256.73	long leg	$1K	$42K	10x
BloFin MRVL-USDT	+0.0020%	8h	256.85	+0.046%	$377K	$215K	50x	as long as short
Lighter MRVL	+0.0032%	1h	256.66	−0.028%	$104K	$181K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	256.63	−0.040%	$11K	$823	12x	as long as short
Nado MRVL-PERP	+0.0034%	1h	256.85	+0.046%	$87K	$275K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	256.84	+0.042%	$1.2M	$3.5M	10x	as long as short
tradeXYZ xyz:MRVL	+0.0035%	1h	256.72	−0.005%	$14.1M	$9.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.44	−0.114%	$23K	$23K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.18	+0.174%	—	$46K	25x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.95	+0.085%	$100K	$102K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.71	−0.009%	$545K	$864K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	256.67	−0.026%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0088%	4h	257.02	+0.114%	$36K	$375K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	256.98	+0.097%	$508K	$240K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.95	+0.085%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.87	+0.054%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.92	+0.072%	$18	—	10x	as long as short
SoDEX MRVL-USD	+0.0112%	1h	256.93	+0.077%	$170	$15K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	256.09	−0.250%	$317K	$445K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	257.18	+0.174%	$11K	$13K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0229%	8h	257.32	+0.230%	$224	$177K	10x	as long as short