MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.039%

Price spread now: Phoenix against Lighter−0.127%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Phoenix is 0.127% cheaper against Lighter than usual: you would sell low and buy high (spread −0.127% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 3.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	260.81	0.0032	pay 0.0004% / 1h	55m 07s	$95K	$203K	10x
Short	Phoenix MRVL	260.48	0.0153	get 0.0019% / 1h	55m 07s	$11K	$12K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.127%Rate

Funding earned: $25.4
Price spread: −0.127% → 0.000%: −$12.65
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $5.75
Costs to cover: 0.070%
Break-even: 5.4 days

Slippage unknown: Lighter: live order book, 55 min ago; Phoenix: no order-book sample. Net counts fees only.

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, 55 min ago	2.30 bp	10.2 bp −$10	10.7 bp −$107	20.0 bp −$1,997	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MRVL on 31 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	260.62	−0.071%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.70	−0.042%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.65	−0.061%	$7.1M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.83	+0.008%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.83	+0.008%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	−0.022%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	−0.012%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.84	+0.012%	$2K	$6.2M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	−0.015%	$132K	$41K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0014%	1h	260.44	−0.142%	$884	$50K	10x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX MRVL-USD	+0.0026%	1h	260.85	+0.015%	$1.1M	$3.7M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	260.81	long leg	$95K	$203K	10x
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.245%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.32	−0.188%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0044%	8h	260.74	−0.027%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.12	+0.119%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.76	−0.019%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.63	−0.069%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.74	−0.027%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.75	−0.023%	$151	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	−0.115%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.83	+0.009%	—	—	5x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0095%	1h	260.77	−0.015%	$23K	$143K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.73	−0.031%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	−0.119%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.78	−0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.76	−0.020%	$18	—	10x	as long as short
Phoenix MRVLshort	+0.0153%	1h	260.48	−0.127%	$11K	$12K	10x
Nado MRVL-PERP	+0.0216%	1h	260.71	−0.038%	$89K	$273K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.847%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0932%	4h	260.68	−0.051%	$37K	$369K	10x	as long as short