Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: KuCoin against Lighter−0.004%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2552.549% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.004%, 7d avg +0.015%

Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$2 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	252.93	0.0032	pay 0.0004% / 1h	37m 25s	$88K	$164K	10x
Short	KuCoin MRVLUSDTM	252.92	0.0100	get 0.0100% / 8h	7h 37m	$499K	$107K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.004%Rate

Funding earned: $14.28
Price spread: −0.004% → +0.015%: −$1.92
Slippage, 4 orders: −$242.93
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$242.57
Costs to cover: 2.549%
Break-even: 125.9 days

Slippage from Lighter: live order book, 42 min ago; KuCoin: live order book, 56 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, 42 min ago	2.55 bp	12.7 bp −$13	13.7 bp −$137	23.6 bp −$2,358	doesn't fit
Sell KuCoin live order book, 56 min ago	5.09 bp	136.9 bp −$137	doesn't fit	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	−0.0414%	8h	253.02	+0.036%	$5.5M	$17.6M	20x	as long as short
BloFin MRVL-USDT	−0.0018%	8h	252.85	−0.032%	$364K	$192K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	253.04	+0.045%	$298K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	253.02	+0.036%	$47K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	253.01	+0.031%	$23.3M	$115.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	252.88	−0.020%	$4.9M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	252.95	+0.008%	$6.7M	$24.1M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	253.02	+0.036%	$5.0M	$8.5M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	253.40	+0.185%	$708K	$457K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	252.95	+0.008%	$210	$182K	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	253.06	+0.051%	$1K	$5.7M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	253.80	+0.344%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	253.28	+0.140%	$1K	$46K	10x	as long as short
QFEX MRVL-USD	+0.0022%	1h	252.99	+0.024%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	252.93	long leg	$88K	$164K	10x
Arcus MRVL-USD	+0.0040%	1h	252.89	−0.016%	$23K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0045%	1h	252.88	−0.022%	$86K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	253.09	+0.063%	—	$51K	25x	as long as short
Paradex MRVL-USD-PERP	+0.0049%	8h	252.94	+0.003%	—	—	5x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	252.81	−0.047%	$13.9M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	252.76	−0.067%	$98K	$76K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	253.01	+0.032%	$106	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	252.91	−0.008%	$538K	$833K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0072%	1h	252.90	−0.012%	$322K	$661K	10x	as long as short
KuCoin MRVLUSDTMshort	+0.0100%	8h	252.92	−0.004%	$499K	$107K	20x
ApeX Omni MRVLUSDT	+0.0100%	1h	253.01	+0.032%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	253.07	+0.055%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	253.01	+0.033%	$18	—	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0185%	1h	252.96	+0.012%	$22K	$145K	10x	as long as short
Phoenix MRVL	+0.0188%	1h	253.01	+0.032%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+1.463%	$11K	$845	12x	as long as short
edgeX MRVLUSDC	+0.0634%	4h	253.26	+0.132%	$36K	$374K	10x	as long as short