Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter−0.012%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.012%, 7d avg +0.006%

Together, before fees−0.086%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	253.67	0.0032	pay 0.0004% / 1h	25m 49s	$88K	$201K	10x
Short	HTX MRVL-USDT	253.64	0	get 0.0000% / 8h	2h 25m	$128K	$43K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$6.72
Price spread: −0.012% → +0.006%: −$1.75
Slippage, 4 orders: −$25.11
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.57
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; HTX: live order book, 20 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	2.75 bp	15.0 bp −$15	18.0 bp −$180	28.6 bp −$2,858	doesn't fit
Sell HTX live order book, 20 min ago	2.93 bp	8.9 bp −$9	12.1 bp −$121	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	−0.0841%	8h	253.92	+0.099%	$5.5M	$16.7M	20x	as long as short
BloFin MRVL-USDT	−0.0012%	8h	253.80	+0.051%	$366K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.77	+0.038%	$299K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.69	+0.008%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.75	+0.032%	$23.5M	$111.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	253.64	−0.012%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	253.76	+0.035%	$6.7M	$23.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.76	+0.035%	$5.3M	$8.4M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.73	+0.025%	$704K	$489K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	254.58	+0.357%	$1K	$191K	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	253.76	+0.035%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	253.63	−0.016%	$22K	$144K	10x	as long as short
HTX MRVL-USDTshort	0.0000%	8h	253.64	−0.012%	$128K	$43K	50x
Aftermath Perps MRVLUSD	+0.0019%	1h	254.19	+0.206%	$590	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	253.68	+0.004%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	253.67	long leg	$88K	$201K	10x
Arcus MRVL-USD	+0.0040%	1h	253.87	+0.079%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.90	+0.091%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	253.62	−0.020%	$13.9M	$8.8M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	253.58	−0.035%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.66	−0.004%	$172	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	253.64	−0.012%	$556K	$743K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	253.63	−0.016%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0080%	1h	253.66	−0.004%	$86K	$272K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.60	−0.028%	$318K	$634K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.29	+0.244%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.66	−0.004%	$2K	$3K	10x	as long as short
KuCoin MRVLUSDTM	+0.0104%	8h	253.85	+0.071%	$501K	$63K	20x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.67	0.000%	$18	—	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.67	+0.394%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.959%	$11K	$735	12x	as long as short
edgeX MRVLUSDC	+0.0960%	4h	254.58	+0.360%	$36K	$372K	10x	as long as short