Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.006%

Price spread now: BloFin against Lighter+0.104%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.104%, 7d avg +0.029%

Together, before fees−0.202%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.075% dearer against Lighter than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.029%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	260.01	0.0032	pay 0.0004% / 1h	28m 42s	$94K	$204K	10x
Short	BloFin MRVL-USDT	260.28	−0.0023	pay 0.0023% / 8h	5h 28m	$376K	$171K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$11.59
Price spread: +0.104% → +0.029%: $7.53
Slippage, 4 orders: −$19.93
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$35.99
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Lighter: live order book, 16 min ago; BloFin: live order book, 12 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, 16 min ago	2.69 bp	12.0 bp −$12	12.9 bp −$129	22.2 bp −$2,218	doesn't fit
Sell BloFin live order book, 12 min ago	0.38 bp	8.4 bp −$8	14.9 bp −$149	doesn't fit	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-USDTshort	−0.0023%	8h	260.28	+0.104%	$376K	$171K	50x
Aster MRVLUSDT	0.0000%	8h	260.12	+0.041%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.00	−0.004%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.99	−0.008%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.13	+0.046%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.04	+0.012%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.58	+0.220%	$717K	$653K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.64	+0.242%	$842	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.31	+0.115%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.24	+0.088%	$23K	$143K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	260.25	+0.092%	$131K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	260.27	+0.101%	$884	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.36	+0.135%	$1.1M	$3.7M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	260.01	long leg	$94K	$204K	10x
Extended MRVL-USD	+0.0032%	1h	259.98	−0.011%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.065%	$334K	$630K	10x	as long as short
Binance MRVLUSDT	+0.0033%	8h	260.05	+0.017%	$24.2M	$108.0M	50x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.08	+0.027%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.74	+0.281%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.93	−0.031%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.23	+0.085%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.23	+0.085%	$156	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.05	+0.015%	$578K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	259.95	−0.025%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.22	+0.081%	$514K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.43	+0.162%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.34	+0.127%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.27	+0.102%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0121%	1h	260.24	+0.090%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.46	+0.173%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.300%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0317%	4h	260.37	+0.137%	$37K	$372K	10x	as long as short