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 +0.002%

Price spread now: Lighter against Bitget−0.004%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.004%, 7d avg −0.055%

Together, before fees−0.140%+ Points / potential airdropLighter: Season 3 · farm board−$14 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 0.051% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.055%. Mind the row above: over the last 7 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	257.29	0	get 0.0000% / 8h	2h 09m	$5.6M	$16.4M	20x
Short	Lighter MRVL	257.28	0.0032	get 0.0004% / 1h	9m 04s	$91K	$219K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.004%Rate

Funding earned: $6.72
Price spread: −0.004% → −0.055%: $5.07
Slippage, 4 orders: −$25.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.78
Costs to cover: 0.376%
Break-even: 33.9 days

Slippage from Bitget: live order book, 10 min ago; Lighter: live order book, 5 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 Bitget live order book, 10 min ago	1.17 bp	9.6 bp −$10	14.4 bp −$144	32.3 bp −$3,232	doesn't fit
Sell Lighter live order book, 5 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	−0.0008%	8h	257.16	−0.051%	$376K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.18	−0.041%	$310K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.32	+0.011%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.33	+0.014%	$24.1M	$115.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.18	−0.043%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	257.27	−0.008%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.39	+0.039%	$5.5M	$9.9M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	257.29	long leg	$5.6M	$16.4M	20x
Variational Omni MRVL	0.0000%	8h	257.17	−0.045%	$710K	$760K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.26	−0.012%	$399	$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	257.35	+0.023%	$2K	$7.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	257.20	−0.035%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.07	−0.086%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	257.09	−0.078%	$655	$55K	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	257.28	−0.004%	$91K	$219K	10x
Arcus MRVL-USD	+0.0040%	1h	257.00	−0.113%	$25K	$30K	5x	as long as short
QFEX MRVL-USD	+0.0043%	1h	257.34	+0.019%	$1.1M	$4.2M	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	257.41	+0.047%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.12	−0.066%	$14.5M	$9.7M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.32	+0.012%	$273	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.16	−0.051%	$584K	$939K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0057%	8h	257.24	−0.019%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.13	−0.062%	$510K	$72K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.15	−0.054%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.27	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.23	−0.022%	$18	—	10x	as long as short
Polymarket Perps MRVL-USD	+0.0110%	1h	257.42	+0.051%	$106K	$64K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0112%	1h	257.13	−0.062%	$317K	$890K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	257.24	−0.019%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	259.72	+0.944%	$11K	$609	12x	as long as short
Nado MRVL-PERP	+0.0411%	1h	257.11	−0.070%	$509K	$66K	10x	as long as short
edgeX MRVLUSDC	+0.0849%	4h	257.19	−0.040%	$36K	$367K	10x	as long as short