Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0342%/8h= −37.5% APRpaid last 24h +0.089%

Price spread now: Lighter against edgeX+0.018%79s7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as 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−$400.399% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 3 days (all we have)−0.097%−$10 · spread now +0.018%, 7d avg −0.040%

Together, before fees−0.191%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.058% dearer against edgeX than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.040%): +$6 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.094% in total) that is about 4.3 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MRVLUSDC	259.30	0.0374	pay 0.0187% / 4h	19m 59s	$36K	$369K	10x
Short	Lighter MRVL	259.35	0.0032	get 0.0004% / 1h	19m 59s	$96K	$213K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$71.87
Price spread: +0.018% → −0.040%: $5.81
Slippage, 4 orders: −$30.93
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$105.99
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from edgeX: live order book, 58 min ago; Lighter: live order book, 40 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 edgeX live order book, 58 min ago	5.42 bp	10.2 bp −$10	14.9 bp −$149	doesn't fit	doesn't fit
Sell Lighter live order book, 40 min ago	2.32 bp	11.1 bp −$11	20.1 bp −$201	31.2 bp −$3,122	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
Aster MRVLUSDT	0.0000%	8h	259.12	−0.069%	$313K	$328K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.22	−0.032%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.30	−0.001%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	259.32	+0.006%	$5.7M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	259.35	+0.018%	$5.6M	$16.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.33	+0.010%	$722K	$764K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	259.36	+0.022%	$1K	$6.8M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.62	+0.122%	$131K	$59K	50x	as long as short
BloFin MRVL-USDT	+0.0004%	8h	259.36	+0.022%	$375K	$170K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	259.28	−0.010%	$880	$53K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MRVLUSDT	+0.0032%	8h	259.35	+0.018%	$24.3M	$114.7M	50x	as long as short
Lighter MRVLshort	+0.0032%	1h	259.35	+0.018%	$96K	$213K	10x
Extended MRVL-USD	+0.0032%	1h	259.32	+0.007%	$49K	$206K	10x	as long as short
QFEX MRVL-USD	+0.0038%	1h	259.31	+0.003%	$1.1M	$4.3M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.06	−0.094%	$25K	$29K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	259.64	+0.130%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.17	−0.051%	$14.6M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.33	+0.010%	$108K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.34	+0.014%	$161	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	259.20	−0.040%	$587K	$932K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0056%	8h	259.37	+0.026%	$700	$224K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0063%	8h	259.24	−0.023%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	258.35	−0.368%	$319K	$767K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	259.16	−0.055%	$514K	$68K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.18	−0.048%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.35	+0.018%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.32	+0.006%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0153%	1h	259.20	−0.038%	$88K	$316K	10x	as long as short
Phoenix MRVL	+0.0217%	1h	259.34	+0.014%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.85	+0.982%	$11K	$629	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0290%	1h	259.32	+0.006%	$22K	$143K	10x	as long as short
edgeX MRVLUSDClong	+0.0374%	4h	259.30	long leg	$36K	$369K	10x