Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter against Orderly+0.012%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MRVL_USDC_mythos	256.16	0.0100	pay 0.0100% / 8h	3h 22m	$2K	$3K	10x
Short	Lighter MRVL	256.19	0.0032	get 0.0004% / 1h	22m 06s	$89K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$14.28
Price spread: +0.012% → 0.000%: $1.17
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$19.11
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 13 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 13 min ago	2.14 bp	3.1 bp −$3	8.2 bp −$82	19.0 bp −$1,905	doesn't fit

Orderly: 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 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	−0.0158%	8h	256.42	+0.101%	$5.5M	$16.3M	20x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.24	+0.033%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	256.11	−0.021%	$49K	$346K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	256.27	+0.041%	$23.6M	$109.6M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	256.26	+0.039%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	256.41	+0.098%	$6.8M	$22.7M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	256.25	+0.035%	$5.4M	$8.2M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	256.46	+0.116%	$712K	$632K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	256.41	+0.098%	$603	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.97	−0.074%	$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
HTX MRVL-USDT	0.0000%	8h	256.37	+0.082%	$129K	$42K	50x	as long as short
BloFin MRVL-USDT	+0.0014%	8h	255.92	−0.094%	$366K	$173K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0020%	1h	256.33	+0.067%	$699	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.81	−0.137%	$1.1M	$3.6M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	256.19	+0.012%	$89K	$203K	10x
Arcus MRVL-USD	+0.0040%	1h	256.04	−0.047%	$25K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.07	−0.035%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	256.15	−0.004%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.70	−0.180%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.87	−0.113%	$169	$15K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	255.66	−0.194%	—	—	5x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.76	−0.156%	$551K	$751K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.85	−0.121%	$322K	$634K	10x	as long as short
Nado MRVL-PERP	+0.0089%	1h	255.64	−0.203%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.76	+0.234%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythoslong	+0.0100%	8h	256.16	long leg	$2K	$3K	10x
Aevo MRVL-PERP	+0.0104%	1h	256.13	−0.013%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0105%	8h	256.31	+0.059%	$507K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	256.34	+0.070%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0218%	1h	256.29	+0.051%	$22K	$144K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.143%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0754%	4h	256.90	+0.289%	$36K	$371K	10x	as long as short