Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.003%

Price spread now: Lighter against GRVT+0.243%108s7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as 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−$330.330% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.427%−$43 · spread now +0.243%, 7d avg −0.055%

Together, before fees−0.407%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$41 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 0.298% dearer against GRVT than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.055%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MRVL_USDT_Perp	260.21	0	get 0.0000% / 8h	5h 55m	$471	$189K	10x
Short	Lighter MRVL	260.84	0.0032	get 0.0004% / 1h	55m 43s	$95K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.243%Rate

Funding earned: $6.72
Price spread: +0.243% → −0.055%: $29.8
Slippage, 4 orders: −$23.95
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.57
Costs to cover: 0.330%
Break-even: 3.3 days

Slippage from GRVT: live order book, 7 min ago; Lighter: live order book, 54 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 GRVT live order book, 7 min ago	1.53 bp	11.1 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit
Sell Lighter live order book, 54 min ago	2.30 bp	3.3 bp −$3	11.0 bp −$110	21.9 bp −$2,193	doesn't fit

MRVL on 31 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	260.64	+0.167%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.82	+0.235%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.86	+0.251%	$7.1M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.90	+0.266%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.85	+0.247%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	+0.209%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perplong	0.0000%	8h	260.21	long leg	$471	$189K	10x
SunX MRVL-USDT	0.0000%	8h	260.77	+0.216%	$1K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.96	−0.095%	$131K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.41	+0.077%	$884	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.69	+0.185%	$1.1M	$3.7M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	260.84	+0.243%	$95K	$203K	10x
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.015%	$335K	$631K	10x	as long as short
Extended MRVL-USD	+0.0040%	1h	260.82	+0.236%	$51K	$356K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.22	+0.005%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0044%	8h	260.89	+0.260%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.99	+0.301%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.71	+0.193%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.74	+0.204%	$104K	$79K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	+0.116%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.65	+0.170%	—	—	5x	as long as short
SoDEX MRVL-USD	+0.0097%	1h	260.73	+0.201%	$156	$15K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.70	+0.189%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.25	+0.016%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.69	+0.185%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.66	+0.173%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	+0.105%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0220%	1h	260.54	+0.126%	$89K	$273K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+1.081%	$11K	$680	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0249%	1h	260.70	+0.189%	$23K	$143K	10x	as long as short
edgeX MRVLUSDC	+0.0417%	4h	260.40	+0.073%	$37K	$372K	10x	as long as short