Funding arb · Price arb /

MRVL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.037%

Price spread now: Variational Omni against Arcus+0.243%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Variational Omni is 0.243% dearer against Arcus than usual: you sell high and buy low (spread +0.243% now, against zero (this spread has no 7-day history yet)): +$24 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus MRVL-USD	259.95	0.0040	pay 0.0005% / 1h	26m 42s	$25K	$26K	5x
Short	Variational Omni MRVL	260.58	0	get 0.0000% / 8h	5h 26m	$717K	$653K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. 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 ArcusbpFee Variational OmnibpOrdersPrice spread, now +0.243%Rate

Funding earned: −$8.46
Price spread: +0.243% → 0.000%: $24.3
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $11.34
Costs to cover: 0.045%
Break-even: from the start

Slippage unknown: Arcus: no order-book sample; Variational Omni: RFQ quote, 37 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 Arcus no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 37 min ago	3.13 bp	doesn't fit	18.6 bp −$186	doesn't fit	doesn't fit

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
BloFin MRVL-USDT	−0.0006%	8h	260.00	+0.019%	$376K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.13	+0.070%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.01	+0.023%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.10	+0.058%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.08	+0.050%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.15	+0.077%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVLshort	0.0000%	8h	260.58	+0.243%	$717K	$653K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	260.22	+0.104%	$841	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.11	+0.062%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.01	+0.023%	$23K	$143K	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	260.25	+0.115%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.15	+0.075%	$883	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.06	+0.042%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0030%	8h	260.11	+0.062%	$24.2M	$107.9M	50x	as long as short
Lighter MRVL	+0.0032%	1h	260.09	+0.054%	$94K	$204K	10x	as long as short
Extended MRVL-USD	+0.0032%	1h	260.03	+0.031%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.042%	$334K	$630K	10x	as long as short
Arcus MRVL-USDlong	+0.0040%	1h	259.95	long leg	$25K	$26K	5x
Vest MRVL-USD-PERP	+0.0046%	1h	260.49	+0.208%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.96	+0.004%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.94	−0.004%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.03	+0.031%	$166	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.05	+0.038%	$575K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	260.03	+0.031%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.27	+0.123%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.43	+0.185%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.05	+0.038%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.03	+0.029%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0114%	1h	259.98	+0.012%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.46	+0.196%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.323%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0889%	4h	260.30	+0.135%	$37K	$369K	10x	as long as short