Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter+0.051%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.051%, 7d avg +0.025%

Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.026% dearer against Lighter than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.025%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	255.45	0.0032	pay 0.0004% / 1h	20m 33s	$88K	$169K	10x
Short	OKX MRVL-USDT-SWAP	255.58	0	get 0.0000% / 8h	1h 20m	$6.8M	$24.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$6.72
Price spread: +0.051% → +0.025%: $2.6
Slippage, 4 orders: −$23.48
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$37.6
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; OKX: 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, 4 min ago	2.75 bp	10.5 bp −$10	11.0 bp −$110	20.7 bp −$2,074	doesn't fit
Sell OKX live order book, 3 min ago	0.20 bp	7.9 bp −$8	14.7 bp −$147	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	−0.0791%	8h	255.71	+0.102%	$5.6M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.48	+0.011%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.52	+0.028%	$47K	$270K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.58	+0.051%	$23.5M	$113.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.43	−0.008%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	255.58	+0.051%	$6.8M	$24.4M	50x
Gate MRVL_USDT	0.0000%	8h	255.58	+0.051%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.49	+0.016%	$710K	$472K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.52	+0.027%	$802	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.56	+0.043%	$1K	$6.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.41	−0.016%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.46	+0.004%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0002%	8h	255.55	+0.039%	$364K	$185K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	255.06	−0.152%	$683	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	254.33	−0.438%	$332K	$650K	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	255.45	long leg	$88K	$169K	10x
Nado MRVL-PERP	+0.0032%	1h	255.65	+0.079%	$87K	$272K	10x	as long as short
QFEX MRVL-USD	+0.0034%	1h	255.57	+0.047%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.16	−0.114%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.83	+0.149%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.42	−0.012%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.33	−0.047%	$101K	$83K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.51	+0.023%	$128	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.57	+0.047%	$551K	$810K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.49	+0.016%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.48	+0.012%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.31	−0.055%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.57	+0.047%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.51	+0.025%	$18	—	10x	as long as short
edgeX MRVLUSDC	+0.0116%	4h	255.38	−0.027%	$36K	$373K	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.61	+0.063%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+0.928%	$11K	$853	12x	as long as short