Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.001%

Price spread now: Lighter against Binance−0.113%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.113%, 7d avg −0.053%

Together, before fees+0.350%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.060% cheaper against Binance than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.053%). If the spread goes back, that is −$6 on $10k: about 6.3 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.017% in total) that is about 24 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MRVLUSDT	255.85	0	get 0.0000% / 8h	4h 56m	$23.7M	$120.4M	50x
Short	Lighter MRVL	255.56	0.0032	get 0.0004% / 1h	56m 00s	$104K	$182K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now −0.113%Rate

Funding earned: $6.72
Price spread: −0.113% → −0.053%: −$6.01
Slippage, 4 orders: −$16.95
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$26.23
Costs to cover: 0.269%
Break-even: 34.3 days

Slippage from Binance: live order book, 10 min ago; Lighter: live order book, 40 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 Binance live order book, 10 min ago	0.19 bp	6.4 bp −$6	13.1 bp −$131	53.2 bp −$5,319	doesn't fit
Sell Lighter live order book, 40 min ago	1.37 bp	6.6 bp −$7	8.8 bp −$88	19.1 bp −$1,906	doesn't fit

MRVL on 32 exchanges

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
BloFin MRVL-USDT	−0.0001%	8h	255.96	+0.043%	$378K	$215K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	256.01	+0.063%	$302K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.79	−0.024%	$46K	$309K	10x	as long as short
Binance MRVLUSDTlong	0.0000%	8h	255.85	long leg	$23.7M	$120.4M	50x
Bybit MRVLUSDT	0.0000%	8h	255.77	−0.031%	$4.9M	$4.3M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.72	−0.051%	$6.9M	$26.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.84	−0.004%	$4.9M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	255.80	−0.019%	$5.5M	$19.4M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.45	+0.236%	$713K	$216K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	255.86	+0.004%	$1K	$5.1M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	256.10	+0.098%	$132K	$44K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0011%	1h	256.14	+0.115%	$1K	$41K	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0020%	8h	256.55	+0.274%	$852	$179K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0024%	1h	255.75	−0.039%	$22K	$143K	10x	as long as short
QFEX MRVL-USD	+0.0026%	1h	255.79	−0.023%	$1.2M	$3.4M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	255.56	−0.113%	$104K	$182K	10x
Injective MRVL/USDC PERP	+0.0033%	1h	259.12	+1.278%	$11K	$820	12x	as long as short
Arcus MRVL-USD	+0.0040%	1h	255.62	−0.090%	$22K	$20K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.08	+0.090%	—	$46K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.53	−0.125%	$14.1M	$9.1M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.76	−0.035%	$164	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	256.28	+0.168%	$543K	$864K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.76	−0.036%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.98	+0.051%	$506K	$297K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	256.64	+0.309%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.86	+0.004%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.79	−0.024%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0120%	1h	255.74	−0.043%	$87K	$275K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0160%	1h	256.80	+0.372%	$320K	$427K	10x	as long as short
Phoenix MRVL	+0.0187%	1h	256.42	+0.223%	$11K	$13K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0275%	1h	256.00	+0.059%	$77K	$128K	10x	as long as short
edgeX MRVLUSDC	+0.0652%	4h	256.59	+0.290%	$36K	$373K	10x	as long as short