Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0693%/8h= +75.9% APRpaid last 24h −0.044%

Price spread now: edgeX against Lighter+0.041%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.041%, 7d avg +0.039%

Together, before fees+0.107%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$21 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	261.44	0.0032	pay 0.0004% / 1h	5m 09s	$96K	$209K	10x
Short	edgeX MRVLUSDC	261.55	0.0725	get 0.0363% / 4h	3h 05m	$37K	$370K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $145.58
Price spread: +0.041% → +0.039%: $0.18
Slippage, 4 orders: −$23.26
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $113.5
Costs to cover: 0.323%
Break-even: 1.5 days

Slippage from Lighter: live order book, 50 min ago; edgeX: 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, 50 min ago	1.92 bp	3.8 bp −$4	5.3 bp −$53	16.2 bp −$1,617	doesn't fit
Sell edgeX live order book, 3 min ago	5.36 bp	10.1 bp −$10	14.5 bp −$145	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
Aster MRVLUSDT	0.0000%	8h	261.22	−0.083%	$314K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.42	−0.008%	$5.2M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.48	+0.015%	$7.1M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	261.49	+0.019%	$5.7M	$9.6M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.53	+0.034%	$1K	$6.6M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	261.41	−0.011%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	261.38	−0.023%	$132K	$45K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0012%	1h	261.43	−0.004%	$888	$51K	10x	as long as short
BloFin MRVL-USDT	+0.0015%	8h	261.56	+0.046%	$377K	$171K	50x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	260.67	−0.295%	$335K	$720K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0027%	1h	261.53	+0.034%	$1.1M	$4.1M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	261.44	long leg	$96K	$209K	10x
Arcus MRVL-USD	+0.0040%	1h	261.20	−0.092%	$26K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.93	+0.187%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	261.35	−0.034%	$14.8M	$8.2M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	261.54	+0.038%	$105K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.47	+0.011%	$68	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	261.13	−0.119%	$569K	$929K	10x	as long as short
Variational Omni MRVL	+0.0051%	8h	261.53	+0.033%	$725K	$764K	—	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	261.40	−0.015%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0091%	1h	261.37	−0.027%	$89K	$320K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.58	+0.054%	$518K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.16	−0.107%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.44	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.42	−0.009%	$18	—	10x	as long as short
Binance MRVLUSDT	+0.0108%	8h	261.52	+0.031%	$24.3M	$114.4M	50x	as long as short
Extended MRVL-USD	+0.0112%	1h	261.46	+0.009%	$47K	$345K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0194%	8h	261.29	−0.057%	$1K	$198K	10x	as long as short
Phoenix MRVL	+0.0216%	1h	261.50	+0.023%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	264.15	+1.037%	$11K	$661	12x	as long as short
Bitget MRVLUSDT	+0.0258%	8h	261.53	+0.034%	$5.6M	$16.5M	20x	as long as short
edgeX MRVLUSDCshort	+0.0725%	4h	261.55	+0.041%	$37K	$370K	10x