MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h −0.034%

Price spread now: Lighter against Coinbase International−0.192%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.417%−$42 on $10k

Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.192%, 7d avg −0.074%

Together, before fees−0.286%+ Points / potential airdropLighter: Season 3 · farm board−$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.118% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.192% now, against its 7-day average of −0.074%). If the spread goes back, that is −$12 on $10k: about 16 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.417%, 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	Coinbase International MRVL-PERP-INTX	260.67	0.0008	pay 0.0001% / 1h	41m 17s	$335K	$650K	10x
Short	Lighter MRVL	260.17	0.0032	get 0.0004% / 1h	41m 17s	$95K	$205K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.192%Rate

Funding earned: $5.04
Price spread: −0.192% → −0.074%: −$11.8
Slippage, 4 orders: −$17.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.11
Costs to cover: 0.274%
Break-even: 54.4 days

Slippage from Coinbase International: live order book, 27 min ago; Lighter: live order book, 9 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 Coinbase International live order book, 27 min ago	0.19 bp	6.3 bp −$6	13.3 bp −$133	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	2.30 bp	3.3 bp −$3	11.0 bp −$110	21.9 bp −$2,193	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	−0.0023%	8h	260.60	−0.027%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.25	−0.163%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.15	−0.199%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.25	−0.161%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.22	−0.173%	$5.6M	$8.7M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.32	−0.134%	$1K	$6.5M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.01	−0.253%	$131K	$41K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0008%	8h	260.35	−0.124%	$1K	$196K	10x	as long as short
Coinbase International MRVL-PERP-INTXlong	+0.0008%	1h	260.67	long leg	$335K	$650K	10x
Aftermath Perps MRVLUSD	+0.0013%	1h	260.26	−0.157%	$884	$51K	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	+0.0023%	1h	260.22	−0.173%	$1.1M	$3.9M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	260.17	−0.192%	$95K	$205K	10x
Variational Omni MRVL	+0.0038%	8h	260.25	−0.161%	$722K	$655K	—	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.09	−0.223%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.52	−0.058%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.10	−0.219%	$14.7M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.21	−0.176%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.19	−0.184%	$78	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.12	−0.211%	$567K	$715K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.13	−0.208%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0084%	1h	260.06	−0.233%	$89K	$319K	10x	as long as short
Binance MRVLUSDT	+0.0093%	8h	260.27	−0.153%	$24.2M	$110.9M	50x	as long as short
Bitget MRVLUSDT	+0.0094%	8h	260.27	−0.153%	$5.6M	$16.3M	20x	as long as short
Extended MRVL-USD	+0.0096%	1h	260.21	−0.176%	$47K	$347K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.34	−0.127%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.14	−0.203%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.20	−0.180%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.19	−0.186%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0135%	1h	260.15	−0.199%	$23K	$143K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	+0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.036%	$11K	$676	12x	as long as short
edgeX MRVLUSDC	+0.0485%	4h	260.29	−0.145%	$37K	$369K	10x	as long as short