Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Gate−0.125%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.317%+$32 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.125%, 7d avg −0.041%

Together, before fees+0.414%+ Points / potential airdropLighter: Season 3 · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.084% cheaper against Gate than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.041%). If the spread goes back, that is −$8 on $10k: about 8.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.317% in total) that is about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MRVL_USDT	255.31	0	get 0.0000% / 8h	4h 48m	$4.9M	$8.4M	50x
Short	Lighter MRVL	254.99	0.0032	get 0.0004% / 1h	48m 01s	$104K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.125%Rate

Funding earned: $6.72
Price spread: −0.125% → −0.041%: −$8.4
Slippage, 4 orders: −$29.2
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$45.88
Costs to cover: 0.442%
Break-even: 54.8 days

Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 48 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 Gate live order book, 4 min ago	2.54 bp	16.0 bp −$16	29.5 bp −$295	49.3 bp −$4,934	83.5 bp −$41.8K
Sell Lighter live order book, 48 min ago	1.37 bp	6.6 bp −$7	8.8 bp −$88	19.1 bp −$1,906	doesn't fit

MRVL on 32 exchanges

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	255.19	−0.047%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.24	−0.027%	$46K	$352K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.33	+0.007%	$23.7M	$121.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.21	−0.039%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.31	0.000%	$6.9M	$26.2M	50x	as long as short
Gate MRVL_USDTlong	0.0000%	8h	255.31	long leg	$4.9M	$8.4M	50x
Bitget MRVLUSDT	0.0000%	8h	255.39	+0.031%	$5.4M	$19.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	255.63	+0.124%	$711K	$216K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.73	+0.165%	$412	$179K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.40	+0.035%	$1K	$5.1M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.28	−0.012%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	+0.059%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0010%	1h	255.49	+0.069%	$1K	$41K	10x	as long as short
BloFin MRVL-USDT	+0.0023%	8h	255.15	−0.063%	$379K	$210K	50x	as long as short
QFEX MRVL-USD	+0.0026%	1h	255.18	−0.051%	$1.2M	$3.4M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	254.99	−0.125%	$104K	$183K	10x
Injective MRVL/USDC PERP	+0.0033%	1h	259.12	+1.492%	$11K	$820	12x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.07	−0.094%	$22K	$20K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.40	+0.035%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.18	−0.051%	$14.0M	$9.1M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.17	−0.055%	$153	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.75	−0.219%	$542K	$847K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.22	−0.034%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0053%	1h	255.18	−0.050%	$87K	$275K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.41	+0.039%	$505K	$307K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	+0.168%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.19	−0.047%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.04	−0.106%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.80	+0.192%	$11K	$13K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0160%	1h	256.80	+0.584%	$320K	$427K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0246%	1h	255.40	+0.035%	$53K	$151K	10x	as long as short
edgeX MRVLUSDC	+0.0664%	4h	255.65	+0.134%	$36K	$375K	10x	as long as short