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 +0.001%

Price spread now: Binance against Lighter+0.027%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.247%−$25 · spread now +0.027%, 7d avg +0.055%

Together, before fees−0.264%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	256.36	0.0032	pay 0.0004% / 1h	24m 56s	$89K	$203K	10x
Short	Binance MRVLUSDT	256.43	0	get 0.0000% / 8h	3h 24m	$23.6M	$109.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$6.72
Price spread: +0.027% → +0.055%: −$2.72
Slippage, 4 orders: −$22.69
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.13
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; Binance: live order book, 3 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 Lighter live order book, 10 min ago	2.14 bp	14.8 bp −$15	16.1 bp −$161	25.9 bp −$2,595	doesn't fit
Sell Binance live order book, 3 min ago	0.19 bp	8.2 bp −$8	16.1 bp −$161	51.7 bp −$5,173	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	−0.0084%	8h	256.39	+0.012%	$5.4M	$16.3M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.48	+0.048%	$301K	$338K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.30	−0.023%	$46K	$343K	10x	as long as short
Binance MRVLUSDTshort	0.0000%	8h	256.43	+0.027%	$23.6M	$109.4M	50x
Bybit MRVLUSDT	0.0000%	8h	256.23	−0.051%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.32	−0.016%	$6.8M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.30	−0.023%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.46	+0.038%	$712K	$632K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.16	+0.313%	$612	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	256.43	+0.027%	$1K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	256.28	−0.031%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.10	+0.289%	$130K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0013%	8h	256.35	−0.004%	$366K	$173K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	256.72	+0.139%	$659	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	256.28	−0.031%	$1.1M	$3.6M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	256.36	long leg	$89K	$203K	10x
Arcus MRVL-USD	+0.0040%	1h	256.56	+0.078%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.66	+0.117%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.20	−0.062%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	256.18	−0.070%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	256.40	+0.016%	$159	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.11	+0.293%	$551K	$755K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	256.34	−0.006%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0086%	1h	256.27	−0.034%	$87K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	256.28	−0.031%	$323K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.76	+0.156%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	256.43	+0.027%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	256.45	+0.033%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0110%	8h	256.57	+0.082%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	257.24	+0.343%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.064%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0754%	4h	256.90	+0.211%	$36K	$371K	10x	as long as short