MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.015%

Price spread now: Extended against Lighter−0.031%7-day average +0.018% · 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−$32as in the Price arb table

costs, in and out, $10k−$270.273% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.031%, 7d avg +0.018%

Together, before fees+0.025%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.049% cheaper against Lighter than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.018%). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	260.10	0.0032	pay 0.0004% / 1h	40m 31s	$95K	$205K	10x
Short	Extended MRVL-USD	260.02	0.0096	get 0.0012% / 1h	40m 31s	$47K	$347K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.031%Rate

Funding earned: $13.44
Price spread: −0.031% → +0.018%: −$4.93
Slippage, 4 orders: −$22.32
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$18.81
Costs to cover: 0.273%
Break-even: 16.8 days

Slippage from Lighter: live order book, 10 min ago; Extended: live order book, 27 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	2.30 bp	10.2 bp −$10	10.7 bp −$107	20.0 bp −$1,997	doesn't fit
Sell Extended live order book, 27 min ago	0.96 bp	6.9 bp −$7	39.8 bp −$398	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-USDT	−0.0023%	8h	260.60	+0.192%	$378K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.16	+0.024%	$312K	$329K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.91	−0.073%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	259.89	−0.081%	$7.0M	$22.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.09	−0.004%	$5.6M	$8.7M	50x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.32	+0.085%	$1K	$6.5M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.01	−0.035%	$131K	$41K	50x	as long as short
GRVT MRVL_USDT_Perp	+0.0008%	8h	260.35	+0.095%	$1K	$196K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0008%	1h	260.67	+0.219%	$335K	$650K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0013%	1h	260.26	+0.062%	$884	$51K	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	+0.0023%	1h	259.99	−0.042%	$1.1M	$3.9M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	260.10	long leg	$95K	$205K	10x
Variational Omni MRVL	+0.0038%	8h	260.25	+0.058%	$722K	$655K	—	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.04	−0.023%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.52	+0.161%	—	$43K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.98	−0.046%	$14.7M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.21	+0.042%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.19	+0.035%	$78	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.12	+0.008%	$567K	$715K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.05	−0.021%	—	—	5x	as long as short
Bitget MRVLUSDT	+0.0083%	8h	260.11	+0.004%	$5.6M	$16.3M	20x	as long as short
Nado MRVL-PERP	+0.0086%	1h	260.00	−0.037%	$89K	$319K	10x	as long as short
Binance MRVLUSDT	+0.0093%	8h	259.96	−0.054%	$24.1M	$110.7M	50x	as long as short
Extended MRVL-USDshort	+0.0096%	1h	260.02	−0.031%	$47K	$347K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	260.24	+0.054%	$514K	$64K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.14	+0.015%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.20	+0.038%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.19	+0.033%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0135%	1h	260.15	+0.019%	$23K	$143K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.69	+0.227%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.37	+1.257%	$11K	$676	12x	as long as short
edgeX MRVLUSDC	+0.0485%	4h	260.29	+0.074%	$37K	$369K	10x	as long as short