Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.037%

Price spread now: Arcus against Variational Omni−0.178%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

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

Funding pays, the price is against you. Arcus is 0.178% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.178% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 15 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	256.39	0	get 0.0000% / 8h	3h 15m	$711K	$630K	—
Short	Arcus MRVL-USD	255.93	0.0040	get 0.0005% / 1h	15m 11s	$25K	$27K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.178%Rate

Funding earned: $8.46
Price spread: −0.178% → 0.000%: −$17.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$13.79
Costs to cover: 0.045%
Break-even: 18.4 days

Slippage unknown: Variational Omni: RFQ quote, 39 min ago; Arcus: 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, 39 min ago	2.72 bp	doesn't fit	18.4 bp −$184	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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	−0.0298%	8h	256.38	−0.002%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	256.02	−0.142%	$368K	$174K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.11	−0.108%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.10	−0.112%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.10	−0.111%	$23.5M	$109.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.05	−0.131%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.06	−0.127%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.33	−0.022%	$5.5M	$8.3M	50x	as long as short
Variational Omni MRVLlong	0.0000%	8h	256.39	long leg	$711K	$630K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	256.19	−0.076%	$602	$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	256.36	−0.010%	$2K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.29	−0.037%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.91	−0.185%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0021%	1h	256.16	−0.086%	$595	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.37	−0.006%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.08	−0.119%	$89K	$203K	10x	as long as short
Arcus MRVL-USDshort	+0.0040%	1h	255.93	−0.178%	$25K	$27K	5x
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.072%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.20	−0.072%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.17	−0.084%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.13	−0.100%	$174	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.28	−0.041%	$549K	$753K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	256.21	−0.068%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.56	−0.322%	$322K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0096%	1h	256.33	−0.021%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.36	−0.010%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.26	−0.049%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.12	−0.102%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	256.48	+0.037%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.05	−0.131%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.053%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0550%	4h	256.06	−0.127%	$36K	$374K	10x	as long as short