Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Variational Omni−0.283%7-day average −0.056% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.545%+$55 · spread now −0.283%, 7d avg −0.056%

Together, before fees+0.574%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.226% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.283% now, against its 7-day average of −0.056%). If the spread goes back, that is −$23 on $10k: about 15 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	252.28	0	get 0.0000% / 8h	7h 34m	$707K	$457K	—
Short	tradeXYZ xyz:MRVL	251.57	0.0050	get 0.0006% / 1h	34m 16s	$13.8M	$9.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.283%Rate

Funding earned: $10.5
Price spread: −0.283% → −0.056%: −$22.63
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$30.13
Costs to cover: 0.180%
Break-even: 27.1 days

Slippage unknown: Variational Omni: RFQ quote, 65 min ago; tradeXYZ: live order book, 3 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, 65 min ago	2.74 bp	doesn't fit	18.0 bp −$180	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.79 bp	10.1 bp −$10	12.3 bp −$123	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	−0.0403%	8h	251.84	−0.176%	$5.5M	$17.7M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	252.06	−0.087%	$297K	$336K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	251.98	−0.120%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	251.85	−0.172%	$23.2M	$116.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	251.78	−0.200%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	251.78	−0.200%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	251.71	−0.227%	$4.9M	$8.5M	50x	as long as short
Variational Omni MRVLlong	0.0000%	8h	252.28	long leg	$707K	$457K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	252.95	+0.264%	$210	$182K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	251.76	−0.207%	$1K	$5.7M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	251.82	−0.184%	$130K	$48K	50x	as long as short
BloFin MRVL-USDT	+0.0012%	8h	252.17	−0.045%	$362K	$192K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	252.74	+0.179%	$1K	$46K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	251.70	−0.231%	$1.1M	$3.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	251.90	−0.152%	$87K	$164K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	251.71	−0.227%	$22K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	251.91	−0.148%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	251.88	−0.160%	—	—	5x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	251.57	−0.283%	$13.8M	$9.1M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	251.58	−0.279%	$98K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	251.90	−0.152%	$116	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	252.25	−0.013%	$536K	$843K	10x	as long as short
Nado MRVL-PERP	+0.0058%	1h	251.82	−0.186%	$86K	$276K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	252.03	−0.100%	$321K	$662K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	251.88	−0.160%	$499K	$111K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	252.94	+0.260%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	252.10	−0.073%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	252.01	−0.109%	$18	—	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.01	+0.288%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.723%	$11K	$845	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0227%	1h	251.90	−0.152%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0634%	4h	253.26	+0.388%	$36K	$374K	10x	as long as short