Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.016%

Price spread now: Lighter against Binance+0.004%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 2 days (all we have)−0.134%−$13 · spread now +0.004%, 7d avg −0.050%

Together, before fees−0.111%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.054% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	257.40	0	get 0.0000% / 8h	2h 00m	$24.1M	$115.2M	50x
Short	Lighter MRVL	257.41	0.0032	get 0.0004% / 1h	0m 26s	$91K	$219K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.004%Rate

Funding earned: $6.72
Price spread: +0.004% → −0.050%: $5.39
Slippage, 4 orders: −$23.38
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.27
Costs to cover: 0.334%
Break-even: 29.2 days

Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 13 min ago.

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 Binance live order book, 13 min ago	0.39 bp	8.2 bp −$8	17.2 bp −$172	67.2 bp −$6,718	doesn't fit
Sell Lighter live order book, 13 min ago	1.95 bp	5.1 bp −$5	13.7 bp −$137	24.9 bp −$2,492	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
BloFin MRVL-USDT	−0.0010%	8h	257.27	−0.051%	$377K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.26	−0.053%	$310K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.37	−0.011%	$44K	$190K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	257.40	long leg	$24.1M	$115.2M	50x
Bybit MRVLUSDT	0.0000%	8h	257.23	−0.066%	$5.1M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.30	−0.039%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.43	+0.012%	$5.5M	$10.0M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.31	−0.035%	$5.6M	$16.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	257.38	−0.008%	$710K	$760K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.34	−0.023%	$394	$249K	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	257.39	−0.004%	$1K	$7.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.27	−0.051%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	257.26	−0.053%	$633	$54K	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	257.41	+0.004%	$91K	$219K	10x
Arcus MRVL-USD	+0.0040%	1h	257.07	−0.128%	$25K	$30K	5x	as long as short
QFEX MRVL-USD	+0.0043%	1h	257.36	−0.016%	$1.1M	$4.2M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.56	+0.062%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.23	−0.066%	$14.5M	$9.8M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.37	−0.012%	$257	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.23	−0.066%	$585K	$939K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0066%	8h	257.30	−0.039%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0100%	1h	257.27	−0.051%	$22K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.25	−0.058%	$509K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.15	−0.097%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.40	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.37	−0.011%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0112%	1h	257.13	−0.105%	$317K	$890K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0137%	1h	257.52	+0.047%	$106K	$64K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	257.24	−0.062%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	259.72	+0.901%	$11K	$609	12x	as long as short
Nado MRVL-PERP	+0.0406%	1h	257.13	−0.105%	$509K	$66K	10x	as long as short
edgeX MRVLUSDC	+0.0879%	4h	257.39	−0.003%	$36K	$369K	10x	as long as short