Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Lighter+0.007%7-day average +0.032% · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.007%, 7d avg +0.032%

Together, before fees+0.157%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.024% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	260.35	0.0032	pay 0.0004% / 1h	58m 52s	$95K	$203K	10x
Short	Variational Omni MRVL	260.37	0	get 0.0000% / 8h	5h 58m	$722K	$651K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: −$6.72
Price spread: +0.007% → +0.032%: −$2.43
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.15
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 51 min ago; Variational Omni: RFQ quote, 5 min ago. 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, 51 min ago	2.30 bp	10.2 bp −$10	10.7 bp −$107	20.0 bp −$1,997	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.13 bp	doesn't fit	18.6 bp −$186	doesn't fit	doesn't fit

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	260.32	−0.010%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.34	−0.004%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.39	+0.015%	$7.0M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.36	+0.004%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.37	+0.008%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVLshort	0.0000%	8h	260.37	+0.007%	$722K	$651K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	260.41	+0.024%	$471	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	259.99	−0.138%	$1K	$6.2M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.89	−0.177%	$22K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.96	−0.150%	$131K	$41K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps MRVL-USD.P	+0.0011%	1h	259.78	−0.219%	$576K	$677K	10x	as long as short
Aftermath Perps MRVLUSD	+0.0013%	1h	260.17	−0.068%	$883	$50K	10x	as long as short
Nado MRVL-PERP	+0.0019%	1h	259.86	−0.187%	$89K	$273K	10x	as long as short
QFEX MRVL-USD	+0.0023%	1h	259.97	−0.146%	$1.1M	$3.7M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	260.35	long leg	$95K	$203K	10x
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.069%	$335K	$631K	10x	as long as short
Extended MRVL-USD	+0.0040%	1h	260.31	−0.016%	$51K	$356K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.04	−0.119%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0042%	8h	260.47	+0.046%	$24.2M	$108.1M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.38	+0.012%	—	$45K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.22	−0.050%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.88	−0.181%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.03	−0.123%	$146	$15K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	259.73	−0.237%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.48	+0.050%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.25	−0.038%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	259.95	−0.154%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.95	−0.154%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.17	−0.069%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+1.026%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0417%	4h	260.40	+0.018%	$37K	$372K	10x	as long as short