MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter against Deribit+0.016%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.016%, 7d avg −0.008%

Together, before fees−0.055%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 0.024% dearer against Deribit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 5 days funding on this pair cost −0.071%, 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	Deribit MRVL_USDC-PERPETUAL	255.10	0	get 0.0000% / 1h	15m 16s	$22K	$145K	10x
Short	Lighter MRVL	255.14	0.0032	get 0.0004% / 1h	15m 16s	$88K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.016%Rate

Funding earned: $6.72
Price spread: +0.016% → −0.008%: $2.36
Slippage, 4 orders: −$29.05
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.97
Costs to cover: 0.360%
Break-even: 35.1 days

Slippage from Deribit: live order book, 23 min ago; Lighter: live order book, 4 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 Deribit live order book, 23 min ago	6.06 bp	9.6 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	2.55 bp	3.8 bp −$4	8.9 bp −$89	18.8 bp −$1,876	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	−0.0533%	8h	255.32	+0.086%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.76	−0.133%	$334K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.16	+0.022%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.12	+0.008%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.18	+0.031%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.10	0.000%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.11	+0.004%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.19	+0.035%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.08	−0.010%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.21	+0.042%	$977	$189K	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	255.20	+0.039%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	255.10	long leg	$22K	$145K	10x
HTX MRVL-USDT	0.0000%	8h	255.12	+0.008%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0017%	8h	255.18	+0.031%	$367K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.05	−0.021%	$715	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.15	+0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	255.14	+0.016%	$88K	$167K	10x
Arcus MRVL-USD	+0.0040%	1h	254.92	−0.071%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.33	+0.090%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.02	−0.031%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.04	−0.024%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.11	+0.004%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.10	0.000%	$532K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.08	−0.009%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0058%	1h	255.09	−0.004%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.03	−0.027%	$503K	$71K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.06	−0.016%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.15	+0.020%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.16	+0.023%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.24	+0.055%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.145%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0533%	4h	255.13	+0.011%	$36K	$375K	10x	as long as short