Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against Variational Omni−0.181%7-day average −0.032% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.181%, 7d avg −0.032%

Together, before fees+0.255%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.149% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of −0.032%). If the spread goes back, that is −$15 on $10k: about 15 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.008% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MRVL	254.93	0	get 0.0000% / 8h	2h 33m	$707K	$493K	—
Short	Lighter MRVL	254.47	0.0032	get 0.0004% / 1h	33m 41s	$88K	$201K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.181%Rate

Funding earned: $6.72
Price spread: −0.181% → −0.032%: −$14.85
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.13
Costs to cover: 0.000%
Break-even: 15.5 days

Slippage unknown: Variational Omni: RFQ quote, 15 min ago; Lighter: live order book, 61 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 Variational Omni RFQ quote, 15 min ago	2.73 bp	doesn't fit	18.6 bp −$186	doesn't fit	doesn't fit
Sell Lighter live order book, 61 min ago	2.14 bp	3.1 bp −$3	8.2 bp −$82	19.0 bp −$1,905	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	−0.0717%	8h	254.43	−0.196%	$5.5M	$16.6M	20x	as long as short
BloFin MRVL-USDT	−0.0022%	8h	255.11	+0.070%	$369K	$177K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	254.53	−0.156%	$300K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.37	−0.219%	$47K	$268K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.45	−0.188%	$23.6M	$111.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.26	−0.263%	$5.0M	$4.0M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.22	−0.279%	$6.8M	$23.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.28	−0.255%	$5.4M	$8.4M	50x	as long as short
Variational Omni MRVLlong	0.0000%	8h	254.93	long leg	$707K	$493K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	255.16	+0.090%	$242	$191K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MRVL-USDT	0.0000%	8h	254.65	−0.110%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	254.51	−0.165%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.55	−0.149%	$128K	$43K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	254.89	−0.018%	$651	$48K	10x	as long as short
QFEX MRVL-USD	+0.0030%	1h	254.27	−0.259%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	254.47	−0.181%	$88K	$201K	10x
Arcus MRVL-USD	+0.0040%	1h	254.48	−0.177%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.83	−0.039%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.21	−0.283%	$14.0M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	254.27	−0.259%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.60	−0.130%	$168	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.31	−0.243%	$561K	$750K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	254.47	−0.180%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0096%	1h	253.88	−0.412%	$318K	$635K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.04	+0.043%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.53	−0.157%	$2K	$3K	10x	as long as short
Nado MRVL-PERP	+0.0101%	1h	254.41	−0.205%	$87K	$272K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.54	−0.152%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0110%	8h	254.59	−0.134%	$503K	$63K	20x	as long as short
Phoenix MRVL	+0.0157%	1h	254.38	−0.216%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0208%	4h	254.97	+0.015%	$36K	$373K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.64	+1.455%	$11K	$735	12x	as long as short