Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.013%

Price spread now: Lighter against OKX+0.105%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on OKX Short on Lighter

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)−0.219%−$22 · spread now +0.105%, 7d avg −0.030%

Together, before fees−0.180%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.134% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	257.59	0	get 0.0000% / 8h	1h 48m	$7.1M	$22.4M	50x
Short	Lighter MRVL	257.86	0.0032	get 0.0004% / 1h	48m 31s	$91K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.105%Rate

Funding earned: $6.72
Price spread: +0.105% → −0.030%: $13.45
Slippage, 4 orders: −$23.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.26
Costs to cover: 0.334%
Break-even: 20.8 days

Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 25 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 OKX live order book, 5 min ago	0.39 bp	7.4 bp −$7	19.0 bp −$190	doesn't fit	doesn't fit
Sell Lighter live order book, 25 min ago	1.95 bp	5.1 bp −$5	13.7 bp −$137	24.9 bp −$2,492	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
Nado MRVL-PERP	−0.0115%	1h	257.53	−0.023%	$152K	$257K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	−0.0022%	1h	257.61	+0.008%	$22K	$143K	10x	as long as short
BloFin MRVL-USDT	−0.0016%	8h	257.75	+0.062%	$376K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.80	+0.081%	$311K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.73	+0.055%	$44K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.65	+0.023%	$24.1M	$114.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.70	+0.043%	$5.1M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	257.59	long leg	$7.1M	$22.4M	50x
Gate MRVL_USDT	0.0000%	8h	257.76	+0.066%	$5.5M	$9.8M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	257.78	+0.074%	$5.6M	$16.3M	20x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MRVL	0.0000%	8h	257.80	+0.083%	$711K	$759K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	257.77	+0.071%	$382	$248K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	257.75	+0.062%	$2K	$7.0M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.73	+0.054%	$130K	$81K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0015%	1h	257.53	−0.022%	$598	$54K	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	257.86	+0.105%	$91K	$208K	10x
Arcus MRVL-USD	+0.0040%	1h	257.40	−0.074%	$25K	$30K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.04	+0.175%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.66	+0.027%	$14.6M	$9.7M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.72	+0.050%	$268	$14K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.67	+0.031%	$588K	$941K	10x	as long as short
QFEX MRVL-USD	+0.0064%	1h	257.63	+0.016%	$1.1M	$4.2M	10x	as long as short
Paradex MRVL-USD-PERP	+0.0066%	8h	257.78	+0.076%	—	—	5x	as long as short
Polymarket Perps MRVL-USD	+0.0071%	1h	257.86	+0.105%	$106K	$66K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	257.69	+0.039%	$510K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	257.62	+0.012%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.73	+0.054%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.72	+0.052%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0136%	1h	257.46	−0.050%	$316K	$891K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	257.42	−0.066%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	259.98	+0.928%	$11K	$609	12x	as long as short
edgeX MRVLUSDC	+0.0487%	4h	257.78	+0.075%	$36K	$368K	10x	as long as short