MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.067%

Price spread now: Lighter against Polymarket Perps−0.012%7-day average −0.128% · 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−$18as in the Price arb table

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

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.430%−$43 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now −0.012%, 7d avg −0.128%

Together, before fees−0.662%+ Points / potential airdropLighter: Season 3 · farm board−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.116% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.128%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 5 days (−0.430% in total) that is about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	260.72	0.0050	pay 0.0006% / 1h	53m 59s	$104K	$79K	10x
Short	Lighter MRVL	260.69	0.0032	get 0.0004% / 1h	53m 59s	$95K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$3.78
Price spread: −0.012% → −0.128%: $11.61
Slippage, 4 orders: −$21.12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.3
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 8 min ago; Lighter: live order book, 56 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 Polymarket Perps live order book, 8 min ago	3.27 bp	7.3 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell Lighter live order book, 56 min ago	2.30 bp	3.3 bp −$3	11.0 bp −$110	21.9 bp −$2,193	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	260.58	−0.055%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.72	0.000%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.67	−0.019%	$7.1M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.74	+0.008%	$5.6M	$8.3M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.73	+0.004%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.75	+0.012%	$716K	$656K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.78	+0.023%	$472	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.75	+0.012%	$1K	$6.2M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.70	−0.008%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.77	+0.019%	$132K	$41K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0014%	1h	260.42	−0.113%	$884	$50K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	260.78	+0.023%	$1.1M	$3.7M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	260.69	−0.012%	$95K	$203K	10x
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	260.17	−0.211%	$335K	$631K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.38	−0.130%	$25K	$26K	5x	as long as short
Binance MRVLUSDT	+0.0045%	8h	260.73	+0.004%	$24.2M	$107.9M	50x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.06	+0.130%	—	$45K	25x	as long as short
Extended MRVL-USD	+0.0048%	1h	260.60	−0.047%	$51K	$356K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.59	−0.050%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	260.72	long leg	$104K	$79K	10x
SoDEX MRVL-USD	+0.0050%	1h	260.69	−0.012%	$141	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.51	−0.081%	$575K	$677K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	260.73	+0.003%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.78	+0.023%	$515K	$62K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.50	−0.084%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.75	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.72	+0.001%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.48	−0.092%	$11K	$12K	10x	as long as short
Nado MRVL-PERP	+0.0204%	1h	260.67	−0.018%	$89K	$273K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.02	+0.882%	$11K	$680	12x	as long as short
edgeX MRVLUSDC	+0.0932%	4h	260.68	−0.017%	$37K	$369K	10x	as long as short