Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.034%

Price spread now: Injective against Variational Omni+1.033%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.033% dearer against Variational Omni than usual: you sell high and buy low: +$103 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	259.17	0	get 0.0000% / 8h	43m 24s	$720K	$763K	—
Short	Injective MRVL/USDC PERP	261.85	0.0220	get 0.0028% / 1h	43m 24s	$11K	$625	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.033%Rate

Funding earned: $46.2
Price spread: +1.033% → 0.000%: $103.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $149.49
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 36 min ago; Injective: 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, 36 min ago	2.73 bp	doesn't fit	24.3 bp −$243	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	−0.0025%	8h	259.14	−0.013%	$375K	$170K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	258.91	−0.102%	$312K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.96	−0.082%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.02	−0.059%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.02	−0.059%	$5.6M	$9.7M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.03	−0.055%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVLlong	0.0000%	8h	259.17	long leg	$720K	$763K	—
SunX MRVL-USDT	0.0000%	8h	259.00	−0.067%	$1K	$6.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.10	−0.028%	$131K	$80K	50x	as long as short
Binance MRVLUSDT	+0.0006%	8h	259.02	−0.059%	$24.3M	$114.7M	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MRVL-USD	+0.0008%	1h	258.98	−0.076%	$49K	$206K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	258.97	−0.078%	$601	$53K	10x	as long as short
Lighter MRVL	+0.0032%	1h	259.16	−0.005%	$96K	$213K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.05	−0.047%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	258.86	−0.121%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.28	+0.041%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	258.90	−0.105%	$14.6M	$9.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	258.96	−0.082%	$109K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.97	−0.078%	$233	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.91	−0.101%	$591K	$926K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0052%	8h	259.09	−0.032%	$746	$228K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.317%	$319K	$885K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0070%	8h	258.92	−0.096%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.92	−0.097%	$513K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.93	−0.094%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.03	−0.055%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.00	−0.068%	$18	—	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.19	+0.007%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERPshort	+0.0220%	1h	261.85	+1.033%	$11K	$625	12x
Nado MRVL-PERP	+0.0248%	1h	258.94	−0.089%	$88K	$316K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0523%	1h	259.02	−0.059%	$22K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0890%	4h	259.16	−0.005%	$36K	$370K	10x	as long as short