MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against Extended−0.039%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.039%, 7d avg −0.017%

Together, before fees+0.043%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.021% cheaper against Extended than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of −0.017%). If the spread goes back, that is −$2 on $10k: about 2.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.013% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MRVL-USD	260.39	0	get 0.0000% / 1h	16m 51s	$47K	$345K	10x
Short	Lighter MRVL	260.29	0.0032	get 0.0004% / 1h	16m 51s	$94K	$200K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now −0.039%Rate

Funding earned: $6.72
Price spread: −0.039% → −0.017%: −$2.15
Slippage, 4 orders: −$23.08
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.51
Costs to cover: 0.281%
Break-even: 31.5 days

Slippage from Extended: live order book, 41 min ago; Lighter: live order book, 23 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 Extended live order book, 41 min ago	0.96 bp	6.9 bp −$7	88.0 bp −$880	doesn't fit	doesn't fit
Sell Lighter live order book, 23 min ago	2.11 bp	2.8 bp −$3	14.2 bp −$142	26.3 bp −$2,628	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	260.36	−0.012%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.48	+0.033%	$313K	$331K	50x	as long as short
Extended MRVL-USDlong	0.0000%	1h	260.39	long leg	$47K	$345K	10x
Binance MRVLUSDT	0.0000%	8h	260.44	+0.019%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.30	−0.035%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.37	−0.008%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.43	+0.015%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.43	+0.015%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.79	+0.152%	$718K	$635K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.55	+0.061%	$662	$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	260.31	−0.031%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.19	−0.077%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.36	−0.012%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	260.34	−0.019%	$604	$49K	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	260.29	−0.039%	$94K	$200K	10x
QFEX MRVL-USD	+0.0038%	1h	260.33	−0.023%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.28	−0.042%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.70	+0.119%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.25	−0.054%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.12	−0.104%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.29	−0.039%	$115	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−0.050%	$576K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0055%	8h	260.26	−0.052%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.211%	$334K	$628K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.57	+0.069%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.56	+0.065%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.30	−0.035%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.25	−0.053%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0127%	1h	260.24	−0.058%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.75	+0.138%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.117%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0680%	4h	260.48	+0.035%	$37K	$372K	10x	as long as short