MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h +0.013%

Price spread now: Coinbase International against Lighter−0.149%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.392%+$39 on $10k

Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.149%, 7d avg +0.050%

Together, before fees+0.603%+ Points / potential airdropLighter: Season 3 · farm board+$60 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 Coinbase International is 0.199% cheaper against Lighter than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.050%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.392%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	255.14	0.0032	pay 0.0004% / 1h	15m 04s	$88K	$167K	10x
Short	Coinbase International MRVL-PERP-INTX	254.76	−0.0008	pay 0.0001% / 1h	15m 04s	$334K	$651K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.149%Rate

Funding earned: −$8.4
Price spread: −0.149% → +0.050%: −$19.88
Slippage, 4 orders: −$24.35
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$62.64
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; Coinbase International: live order book, 23 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, 4 min ago	2.55 bp	12.7 bp −$13	13.7 bp −$137	23.6 bp −$2,358	doesn't fit
Sell Coinbase International live order book, 23 min ago	3.72 bp	9.1 bp −$9	12.9 bp −$129	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
Bitget MRVLUSDT	−0.0533%	8h	255.32	+0.071%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTXshort	−0.0008%	1h	254.76	−0.149%	$334K	$651K	10x
Aster MRVLUSDT	0.0000%	8h	255.18	+0.017%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.12	−0.008%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.23	+0.035%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.12	−0.008%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.12	−0.008%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.19	+0.020%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.08	−0.025%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.21	+0.026%	$977	$189K	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	255.20	+0.024%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.10	−0.016%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.12	−0.008%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0017%	8h	255.18	+0.016%	$367K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.05	−0.037%	$715	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.15	+0.004%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	255.14	long leg	$88K	$167K	10x
Arcus MRVL-USD	+0.0040%	1h	254.92	−0.086%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.33	+0.074%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.01	−0.051%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.04	−0.039%	$99K	$81K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.11	−0.012%	$184	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.10	−0.016%	$532K	$839K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.08	−0.025%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0058%	1h	255.09	−0.019%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.03	−0.043%	$503K	$71K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.06	−0.031%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.15	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.16	+0.007%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.24	+0.039%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.129%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0533%	4h	255.13	−0.004%	$36K	$375K	10x	as long as short