Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against HTX−0.268%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.312%+$31 · spread now −0.268%, 7d avg −0.007%

Together, before fees+0.385%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.262% cheaper against HTX than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of −0.007%). If the spread goes back, that is −$26 on $10k: about 27 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX MRVL-USDT	257.10	0	get 0.0000% / 8h	3h 26m	$130K	$42K	50x
Short	Lighter MRVL	256.41	0.0032	get 0.0004% / 1h	26m 24s	$89K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.268%Rate

Funding earned: $6.72
Price spread: −0.268% → −0.007%: −$26.17
Slippage, 4 orders: −$22.86
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.31
Costs to cover: 0.349%
Break-even: 63.6 days

Slippage from HTX: live order book, 25 min ago; Lighter: live order book, 9 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 HTX live order book, 25 min ago	2.33 bp	8.6 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	2.14 bp	3.1 bp −$3	8.2 bp −$82	19.0 bp −$1,905	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	−0.0061%	8h	256.50	−0.233%	$5.4M	$16.3M	20x	as long as short
BloFin MRVL-USDT	−0.0015%	8h	256.82	−0.109%	$369K	$173K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.68	−0.162%	$302K	$338K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.47	−0.247%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.55	−0.215%	$23.6M	$109.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.47	−0.245%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.42	−0.264%	$6.8M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.53	−0.222%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	257.20	+0.039%	$713K	$634K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.16	+0.024%	$612	$191K	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	256.50	−0.233%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.41	−0.268%	$22K	$144K	10x	as long as short
HTX MRVL-USDTlong	0.0000%	8h	257.10	long leg	$130K	$42K	50x
Aftermath Perps MRVLUSD	+0.0020%	1h	256.82	−0.110%	$659	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.46	−0.249%	$1.1M	$3.6M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	256.41	−0.268%	$89K	$203K	10x
Arcus MRVL-USD	+0.0040%	1h	256.71	−0.152%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.93	−0.066%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.32	−0.303%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.31	−0.307%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.50	−0.233%	$164	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.11	+0.004%	$551K	$755K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	256.36	−0.290%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0086%	1h	256.42	−0.263%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.28	−0.319%	$323K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.08	−0.008%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.57	−0.206%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.52	−0.224%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0112%	8h	256.78	−0.124%	$508K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	257.24	+0.054%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.770%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0879%	4h	257.09	−0.004%	$36K	$371K	10x	as long as short