Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.014%

Price spread now: tradeXYZ against Variational Omni−0.040%7-day average −0.055% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.024%+$2 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.040%, 7d avg −0.055%

Together, before fees+0.124%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	261.26	0.0061	pay 0.0061% / 8h	6h 59m	$725K	$763K	—
Short	tradeXYZ xyz:MRVL	261.16	0.0050	get 0.0006% / 1h	59m 43s	$14.8M	$8.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$2.22
Price spread: −0.040% → −0.055%: $1.53
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.69
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 9 min ago; tradeXYZ: live order book, 9 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 Variational Omni RFQ quote, 9 min ago	2.74 bp	doesn't fit	22.9 bp −$229	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 9 min ago	0.77 bp	10.5 bp −$11	12.9 bp −$129	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
Aster MRVLUSDT	0.0000%	8h	261.34	+0.027%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.26	−0.002%	$5.1M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.18	−0.032%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.29	+0.010%	$5.7M	$8.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.36	+0.037%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.26	−0.002%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.38	+0.044%	$132K	$45K	50x	as long as short
BloFin MRVL-USDT	+0.0007%	8h	261.24	−0.009%	$377K	$171K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.28	+0.006%	$923	$51K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.227%	$335K	$720K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0027%	1h	261.27	+0.002%	$1.1M	$4.1M	10x	as long as short
Lighter MRVL	+0.0032%	1h	261.25	−0.005%	$96K	$205K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	261.12	−0.055%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.76	+0.190%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVLshort	+0.0050%	1h	261.16	−0.040%	$14.8M	$8.2M	10x
Polymarket Perps MRVL-USD	+0.0050%	1h	261.34	+0.029%	$105K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.31	+0.018%	$110	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.12	−0.055%	$568K	$912K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	261.30	+0.014%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0054%	4h	261.31	+0.019%	$37K	$371K	10x	as long as short
Variational Omni MRVLlong	+0.0061%	8h	261.26	long leg	$725K	$763K	—
Nado MRVL-PERP	+0.0087%	1h	261.39	+0.047%	$89K	$316K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.54	+0.106%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.22	−0.017%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.37	+0.040%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.33	+0.025%	$18	—	10x	as long as short
Binance MRVLUSDT	+0.0118%	8h	261.34	+0.029%	$24.3M	$114.4M	50x	as long as short
Extended MRVL-USD	+0.0120%	1h	261.25	−0.006%	$47K	$350K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.63	+0.140%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.105%	$11K	$661	12x	as long as short
GRVT MRVL_USDT_Perp	+0.0231%	8h	261.50	+0.089%	$1K	$198K	10x	as long as short
Bitget MRVLUSDT	+0.0256%	8h	261.29	+0.010%	$5.5M	$16.5M	20x	as long as short