Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Variational Omni−0.099%7-day average −0.062% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.099%, 7d avg −0.062%

Together, before fees+0.228%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.037% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.062%). If the spread goes back, that is −$4 on $10k: about 2.5 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	260.83	0	get 0.0000% / 8h	4h 35m	$718K	$640K	—
Short	Ondo Perps MRVL-USD.P	260.57	0.0050	get 0.0006% / 1h	35m 24s	$576K	$680K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.099%Rate

Funding earned: $10.58
Price spread: −0.099% → −0.062%: −$3.73
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $1.85
Costs to cover: 0.050%
Break-even: 5.8 days

Slippage unknown: Variational Omni: RFQ quote, 24 min ago; Ondo 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, 24 min ago	2.74 bp	doesn't fit	16.2 bp −$162	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo 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 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	0.0000%	8h	260.86	+0.012%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.86	+0.010%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.71	−0.048%	$47K	$349K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.77	−0.023%	$24.3M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.72	−0.042%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.77	−0.023%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.75	−0.030%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.78	−0.019%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVLlong	0.0000%	8h	260.83	long leg	$718K	$640K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	260.89	+0.022%	$355	$188K	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	260.77	−0.023%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.71	−0.046%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	+0.023%	$132K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.78	−0.018%	$605	$49K	10x	as long as short
edgeX MRVLUSDC	+0.0021%	4h	260.86	+0.013%	$37K	$371K	10x	as long as short
Lighter MRVL	+0.0032%	1h	260.79	−0.015%	$94K	$200K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	260.77	−0.023%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.65	−0.069%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.20	+0.142%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.62	−0.080%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.60	−0.088%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.72	−0.042%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.Pshort	+0.0050%	1h	260.57	−0.099%	$576K	$680K	10x
Paradex MRVL-USD-PERP	+0.0053%	8h	260.74	−0.033%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.379%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0091%	1h	260.70	−0.049%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.96	+0.050%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.97	+0.054%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.78	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.71	−0.044%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	+0.062%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.097%	$11K	$700	12x	as long as short