Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.011%

Price spread now: Aftermath Perps against Variational Omni−0.176%52s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Aftermath Perps is 0.176% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.176% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 43 days of funding at the current rate ($0 a day). The two prices were read 52 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	Variational Omni MRVL	257.06	0	get 0.0000% / 8h	5h 48m	$714K	$215K	—
Short	Aftermath Perps MRVLUSD	256.61	0.0014	get 0.0002% / 1h	48m 27s	$1K	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.176%Rate

Funding earned: $2.87
Price spread: −0.176% → 0.000%: −$17.62
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$23.75
Costs to cover: 0.090%
Break-even: 64.9 days

Slippage unknown: Variational Omni: RFQ quote, 63 min ago; Aftermath 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, 63 min ago	2.73 bp	doesn't fit	34.6 bp −$346	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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 exchanges

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
Deribit MRVL_USDC-PERPETUAL	−0.0178%	1h	257.13	+0.027%	$22K	$145K	10x	as long as short
BloFin MRVL-USDT	−0.0024%	8h	257.31	+0.097%	$378K	$215K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.87	−0.075%	$303K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.90	−0.063%	$46K	$285K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.86	−0.079%	$23.5M	$120.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.75	−0.120%	$4.9M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.86	−0.078%	$7.0M	$26.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.00	−0.023%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	256.78	−0.109%	$5.5M	$19.1M	20x	as long as short
Variational Omni MRVLlong	0.0000%	8h	257.06	long leg	$714K	$215K	—

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	257.17	+0.043%	$1K	$5.3M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.21	+0.059%	$132K	$49K	50x	as long as short
Aftermath Perps MRVLUSDshort	+0.0014%	1h	256.61	−0.176%	$1K	$42K	10x
Nado MRVL-PERP	+0.0028%	1h	256.83	−0.089%	$87K	$276K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0032%	1h	256.72	−0.132%	$14.1M	$9.5M	10x	as long as short
Lighter MRVL	+0.0032%	1h	256.82	−0.093%	$104K	$178K	10x	as long as short
Injective MRVL/USDC PERP	+0.0033%	1h	256.63	−0.167%	$11K	$823	12x	as long as short
QFEX MRVL-USD	+0.0034%	1h	256.69	−0.144%	$1.2M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	256.61	−0.175%	$23K	$23K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.23	+0.066%	—	$46K	25x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.68	−0.148%	$100K	$102K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.71	−0.136%	$544K	$864K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	256.60	−0.177%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0088%	4h	257.02	−0.014%	$36K	$375K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.07	+0.004%	$507K	$238K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.95	−0.043%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.25	+0.074%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.21	+0.058%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	256.09	−0.377%	$317K	$445K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	257.18	+0.047%	$11K	$13K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0219%	8h	256.76	−0.115%	$213	$180K	10x	as long as short
SoDEX MRVL-USD	+0.0230%	1h	257.21	+0.059%	$175	$15K	10x	as long as short