MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.035%

Price spread now: Polymarket Perps against Lighter−0.074%7-day average +0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.431%+$43 on $10k

Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.074%, 7d avg +0.117%

Together, before fees+0.605%+ Points / potential airdropLighter: Season 3 · farm board+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.191% cheaper against Lighter than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of +0.117%). If the spread goes back, that is −$19 on $10k: about 35 days of funding at the current rate (+$1 a day). At the pace of the last 6 days (+0.431% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	255.50	0.0032	pay 0.0004% / 1h	1m 17s	$88K	$169K	10x
Short	Polymarket Perps MRVL-USD	255.31	0.0050	get 0.0006% / 1h	1m 17s	$100K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.074%Rate

Funding earned: $3.78
Price spread: −0.074% → +0.117%: −$19.09
Slippage, 4 orders: −$21.08
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$44.38
Costs to cover: 0.291%
Break-even: 89.2 days

Slippage from Lighter: live order book, 23 min ago; Polymarket Perps: live order book, 40 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, 23 min ago	2.75 bp	10.5 bp −$10	11.0 bp −$110	20.7 bp −$2,074	doesn't fit
Sell Polymarket Perps live order book, 40 min ago	2.75 bp	8.0 bp −$8	9.2 bp −$92	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	−0.0636%	8h	255.67	+0.067%	$5.6M	$17.1M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.47	−0.012%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.48	−0.006%	$46K	$283K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.56	+0.024%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.49	−0.004%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.58	+0.031%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.55	+0.020%	$5.2M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.89	+0.153%	$712K	$467K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.60	+0.041%	$780	$190K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.62	+0.047%	$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	255.47	−0.012%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.53	+0.012%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0008%	8h	255.56	+0.023%	$366K	$186K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.47	−0.012%	$595	$47K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0024%	1h	255.26	−0.094%	$335K	$653K	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	255.50	long leg	$88K	$169K	10x
QFEX MRVL-USD	+0.0034%	1h	255.54	+0.016%	$1.1M	$3.5M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.35	−0.059%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.77	+0.106%	—	$51K	25x	as long as short
Nado MRVL-PERP	+0.0046%	1h	255.45	−0.019%	$87K	$272K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.45	−0.020%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USDshort	+0.0050%	1h	255.31	−0.074%	$100K	$83K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.51	+0.004%	$204	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.46	−0.016%	$541K	$850K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.43	−0.028%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.65	+0.059%	$506K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.44	−0.023%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.48	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.45	−0.019%	$18	—	10x	as long as short
Phoenix MRVL	+0.0156%	1h	255.63	+0.051%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0175%	4h	255.53	+0.012%	$36K	$375K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	257.82	+0.908%	$11K	$853	12x	as long as short