Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Variational Omni against ApeX Omni−0.048%88s7-day average +0.002% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.048%, 7d avg +0.002%

Together, before fees−0.064%+ Points / potential airdropVariational Omni: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.050% cheaper against ApeX Omni than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.002%). Swap the legs. The two prices were read 88 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MRVLUSDT	258.07	0.0100	pay 0.0013% / 1h	43m 57s	$4K	$141K	50x
Short	Variational Omni MRVL	257.94	0	get 0.0000% / 8h	3h 43m	$715K	$633K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.048%Rate

Funding earned: −$21
Price spread: −0.048% → +0.002%: −$5.04
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$36.04
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 7 min ago; Variational Omni: RFQ quote, 10 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 ApeX Omni live order book, 7 min ago	27.89 bp	38.7 bp −$39	196.2 bp −$1,962	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	2.72 bp	doesn't fit	15.7 bp −$157	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
BloFin MRVL-USDT	−0.0024%	8h	257.73	−0.132%	$370K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.99	−0.030%	$309K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.82	−0.097%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.86	−0.082%	$23.7M	$108.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.73	−0.132%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.79	−0.108%	$6.9M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.76	−0.120%	$5.5M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.96	−0.043%	$5.5M	$16.2M	20x	as long as short
Variational Omni MRVLshort	0.0000%	8h	257.94	−0.048%	$715K	$633K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	257.79	−0.107%	$820	$190K	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	258.06	−0.004%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.78	−0.112%	$130K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	258.01	−0.022%	$599	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	257.80	−0.105%	$1.1M	$3.6M	10x	as long as short
Lighter MRVL	+0.0032%	1h	257.77	−0.116%	$89K	$203K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	257.66	−0.159%	$25K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0043%	1h	257.72	−0.135%	$88K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.11	+0.015%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.99	−0.031%	$14.4M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	257.71	−0.139%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.77	−0.116%	$165	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.52	−0.213%	$573K	$721K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	257.76	−0.122%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	257.42	−0.252%	$331K	$625K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.06	−0.004%	$510K	$61K	20x	as long as short
ApeX Omni MRVLUSDTlong	+0.0100%	1h	258.07	long leg	$4K	$141K	50x
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.88	−0.074%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.86	−0.081%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	257.68	−0.151%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.387%	$11K	$734	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0332%	1h	257.83	−0.093%	$22K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0862%	4h	258.02	−0.021%	$36K	$373K	10x	as long as short