Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0550%/8h= +60.2% APRpaid last 24h +0.054%

Price spread now: edgeX against Variational Omni−0.127%7-day average +0.007% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.355%−$36 on $10k

Price spread, last 4 days (all we have)+0.310%+$31 · spread now −0.127%, 7d avg +0.007%

Together, before fees−0.045%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.133% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.127% now, against its 7-day average of +0.007%). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$16 a day). Mind the row above: over the last 4 days funding on this pair cost −0.355%, so the current rate has only just turned in your favour.

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 14m	$711K	$630K	—
Short	edgeX MRVLUSDC	256.06	0.0550	get 0.0275% / 4h	3h 14m	$36K	$374K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.127%Rate

Funding earned: $115.42
Price spread: −0.127% → +0.007%: −$13.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $93.11
Costs to cover: 0.090%
Break-even: 1.4 days

Slippage unknown: Variational Omni: RFQ quote, 39 min ago; edgeX: live order book, 38 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 Variational Omni RFQ quote, 39 min ago	2.72 bp	doesn't fit	18.4 bp −$184	doesn't fit	doesn't fit
Sell edgeX live order book, 38 min ago	5.41 bp	10.2 bp −$10	14.5 bp −$145	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	−0.0298%	8h	256.20	−0.072%	$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	−0.105%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.10	−0.111%	$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	255.97	−0.162%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.02	−0.142%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.17	−0.084%	$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-USD	+0.0040%	1h	255.93	−0.178%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.57	+0.072%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.01	−0.146%	$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	256.29	−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 MRVLUSDCshort	+0.0550%	4h	256.06	−0.127%	$36K	$374K	10x