Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0051%/8h= +5.6% APRpaid last 24h +0.006%

Price spread now: Lighter against BloFin+0.125%60s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.331% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.125%, 7d avg −0.027%

Together, before fees−0.134%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.152% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.027%. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MRVL-USDT	255.11	−0.0019	get 0.0019% / 8h	1h 14m	$362K	$185K	50x
Short	Lighter MRVL	255.43	0.0032	get 0.0004% / 1h	14m 12s	$88K	$169K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now +0.125%Rate

Funding earned: $10.79
Price spread: +0.125% → −0.027%: $15.21
Slippage, 4 orders: −$21.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.13
Costs to cover: 0.331%
Break-even: 11.6 days

Slippage from BloFin: live order book, 6 min ago; Lighter: live order book, 10 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 BloFin live order book, 6 min ago	0.20 bp	10.5 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	2.75 bp	3.9 bp −$4	14.4 bp −$144	26.1 bp −$2,613	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
Bitget MRVLUSDT	−0.0746%	8h	255.48	+0.145%	$5.6M	$17.1M	20x	as long as short
BloFin MRVL-USDTlong	−0.0019%	8h	255.11	long leg	$362K	$185K	50x
Aster MRVLUSDT	0.0000%	8h	255.38	+0.105%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.34	+0.091%	$47K	$266K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.45	+0.133%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.28	+0.067%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.39	+0.110%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.42	+0.122%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.15	+0.016%	$710K	$470K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.27	+0.062%	$802	$190K	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	255.28	+0.067%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.35	+0.094%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.15	+0.016%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	255.15	+0.016%	$743	$46K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.33	−0.306%	$332K	$650K	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	255.43	+0.125%	$88K	$169K	10x
QFEX MRVL-USD	+0.0034%	1h	255.15	+0.016%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.07	−0.016%	$23K	$27K	5x	as long as short
Nado MRVL-PERP	+0.0041%	1h	255.18	+0.028%	$87K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.40	+0.114%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.24	+0.051%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.00	−0.043%	$101K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.25	+0.055%	$102	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.05	−0.024%	$539K	$835K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.17	+0.022%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.43	+0.125%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.60	+0.192%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.40	+0.114%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.36	+0.098%	$18	—	10x	as long as short
edgeX MRVLUSDC	+0.0108%	4h	255.55	+0.174%	$36K	$375K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.39	+0.110%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+1.062%	$11K	$853	12x	as long as short