Funding you earn now, next payment 09:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: QFEX against Lighter−0.063%7-day average +0.021% · 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−$38as in the Price arb table
costs, in and out, $10k−$300.297% of the position
Funding, last 4 days (all we have)−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.063%, 7d avg +0.021%
=Together, before fees−0.074%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and QFEX is 0.084% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRVL | 253.58 | 0.0032 | pay 0.0004% / 1h | 41m 24s | $88K | $164K | 10x |
| Short | QFEX MRVL-USD | 253.42 | 0.0022 | get 0.0003% / 1h | 41m 24s | $1.1M | $3.5M | 10x |
Lighter MRVL
QFEX MRVL-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.07
- Price spread: −0.063% → +0.021%
- −$8.39
- Slippage, 4 orders
- −$19.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$40.14
- Costs to cover
- 0.297%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 38 min ago; QFEX: live order book, 7 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, 38 min ago | 2.55 bp | 12.7 bp −$13 | 13.7 bp −$137 | 23.6 bp −$2,358 | doesn't fit |
| Sell QFEX live order book, 7 min ago | 1.58 bp | 6.6 bp −$7 | 7.8 bp −$78 | 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 | −0.0430% | 8h | 253.42 | −0.063% | $5.5M | $17.6M | 20x | as long as short |
| BloFin MRVL-USDT | −0.0001% | 8h | 253.42 | −0.063% | $365K | $191K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 253.59 | +0.003% | $299K | $341K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 253.56 | −0.010% | $47K | $300K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 253.49 | −0.035% | $23.4M | $115.3M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 253.32 | −0.103% | $4.9M | $4.1M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 253.40 | −0.071% | $6.7M | $24.2M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 253.59 | +0.004% | $5.0M | $8.5M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 253.63 | +0.021% | $708K | $457K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 253.46 | −0.046% | $330 | $185K | 10x | as long as short |
Bitget MRVLUSDT
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Variational Omni MRVL
GRVT MRVL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MRVL-USDT | 0.0000% | 8h | 253.62 | +0.016% | $1K | $5.7M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | 0.0000% | 1h | 253.46 | −0.047% | $22K | $145K | 10x | as long as short |
| HTX MRVL-USDT | 0.0000% | 8h | 253.80 | +0.087% | $131K | $48K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0018% | 1h | 253.68 | +0.038% | $998 | $46K | 10x | as long as short |
| QFEX MRVL-USDshort | +0.0022% | 1h | 253.42 | −0.063% | $1.1M | $3.5M | 10x | |
| Lighter MRVLlong | +0.0032% | 1h | 253.58 | long leg | $88K | $164K | 10x | |
| Nado MRVL-PERP | +0.0035% | 1h | 253.34 | −0.095% | $86K | $272K | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 253.37 | −0.083% | $23K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 253.74 | +0.063% | — | $51K | 25x | as long as short |
| Paradex MRVL-USD-PERP | +0.0049% | 8h | 253.60 | +0.008% | — | — | 5x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 253.31 | −0.106% | $14.0M | $9.1M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 253.37 | −0.083% | $99K | $76K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 253.50 | −0.032% | $117 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 253.56 | −0.008% | $538K | $839K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0072% | 1h | 253.32 | −0.103% | $323K | $662K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 253.44 | −0.055% | $501K | $104K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 253.90 | +0.126% | $4K | $144K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 253.44 | −0.055% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 253.41 | −0.068% | $18 | — | 10x | as long as short |
| Phoenix MRVL | +0.0188% | 1h | 253.87 | +0.114% | $11K | $12K | 10x | as long as short |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 256.63 | +1.203% | $11K | $845 | 12x | as long as short |
| edgeX MRVLUSDC | +0.0454% | 4h | 254.01 | +0.169% | $36K | $376K | 10x | as long as short |
SunX MRVL-USDT
Deribit MRVL_USDC-PERPETUAL
HTX MRVL-USDT
Aftermath Perps MRVLUSD
Nado MRVL-PERP
Arcus MRVL-USD
Vest MRVL-USD-PERP
Paradex MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Coinbase International MRVL-PERP-INTX
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Phoenix MRVL
Injective MRVL/USDC PERP
edgeX MRVLUSDC