Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Variational Omni+0.016%7-day average −0.062% · you sell dearer than you buy

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.016%, 7d avg −0.062%

Together, before fees+0.113%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.078% dearer against Variational Omni than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	260.22	0	get 0.0000% / 8h	4h 05m	$717K	$631K	—
Short	Ondo Perps MRVL-USD.P	260.26	0.0050	get 0.0006% / 1h	5m 38s	$575K	$679K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.016%Rate

Funding earned: $10.58
Price spread: +0.016% → −0.062%: $7.77
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $13.35
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 53 min ago; Ondo Perps: 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, 53 min ago	2.74 bp	doesn't fit	16.2 bp −$162	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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 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
BloFin MRVL-USDT	−0.0014%	8h	260.20	−0.007%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.16	−0.023%	$312K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	259.94	−0.106%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.02	−0.077%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.94	−0.107%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.01	−0.080%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.05	−0.065%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.11	−0.042%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVLlong	0.0000%	8h	260.22	long leg	$717K	$631K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	260.37	+0.058%	$625	$189K	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	260.23	+0.004%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.17	−0.019%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.37	+0.058%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.19	−0.009%	$657	$49K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.11	−0.042%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.99	−0.088%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.07	−0.057%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.59	+0.142%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.96	−0.100%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.07	−0.057%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.18	−0.015%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	260.26	+0.016%	$575K	$679K	10x
Paradex MRVL-USD-PERP	+0.0054%	8h	259.93	−0.112%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	+0.012%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.23	+0.004%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	+0.066%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.23	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.19	−0.012%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0129%	1h	259.86	−0.137%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	+0.100%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.184%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0392%	4h	260.38	+0.062%	$37K	$372K	10x	as long as short