Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%

Price spread now: Variational Omni against Deribit+0.200%7-day average +0.022% · you sell dearer than you buy

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.285%−$29 · spread now +0.200%, 7d avg +0.022%

Together, before fees−0.366%+ Points / potential airdropVariational Omni: Active · farm board−$37 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 0.178% dearer against Deribit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit MRVL_USDC-PERPETUAL	254.64	0	get 0.0000% / 1h	51m 32s	$22K	$144K	10x
Short	Variational Omni MRVL	255.15	0	get 0.0000% / 8h	1h 51m	$710K	$482K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now +0.200%Rate

Funding earned: $0
Price spread: +0.200% → +0.022%: $17.85
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $10.85
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: live order book, 57 min ago; Variational Omni: RFQ quote, 58 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 Deribit live order book, 57 min ago	5.66 bp	9.5 bp −$10	11.8 bp −$118	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 58 min ago	2.73 bp	doesn't fit	18.7 bp −$187	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	−0.0724%	8h	255.22	+0.228%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0027%	8h	254.82	+0.071%	$364K	$182K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.03	+0.154%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.85	+0.081%	$46K	$265K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.02	+0.150%	$23.6M	$113.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.94	+0.118%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.05	+0.161%	$6.8M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.88	+0.094%	$5.2M	$8.6M	50x	as long as short
Variational Omni MRVLshort	0.0000%	8h	255.15	+0.200%	$710K	$482K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	254.98	+0.132%	$403	$191K	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	254.90	+0.102%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	254.64	long leg	$22K	$144K	10x
HTX MRVL-USDT	0.0000%	8h	254.95	+0.122%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.20	+0.219%	$643	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	253.60	−0.408%	$318K	$634K	10x	as long as short
Lighter MRVL	+0.0032%	1h	254.87	+0.090%	$88K	$169K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	254.93	+0.114%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	254.83	+0.075%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.19	+0.216%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.80	+0.063%	$14.0M	$8.9M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.91	+0.106%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.81	+0.067%	$183	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.74	+0.039%	$554K	$762K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.85	+0.081%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0083%	1h	254.92	+0.109%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.04	+0.157%	$505K	$65K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.09	+0.177%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.82	+0.071%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.75	+0.043%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.02	+0.149%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.37	+1.465%	$11K	$828	12x	as long as short
edgeX MRVLUSDC	+0.0826%	4h	254.91	+0.108%	$36K	$374K	10x	as long as short