Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.004%

Price spread now: Lighter against Bitget−0.015%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.015%, 7d avg −0.050%

Together, before fees−0.120%+ Points / potential airdropLighter: Season 3 · farm board−$12 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 0.035% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.050%. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MRVLUSDT	260.88	0	get 0.0000% / 8h	4h 36m	$5.6M	$16.0M	20x
Short	Lighter MRVL	260.84	0.0032	get 0.0004% / 1h	36m 45s	$94K	$200K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $6.72
Price spread: −0.015% → −0.050%: $3.47
Slippage, 4 orders: −$21.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.03
Costs to cover: 0.332%
Break-even: 31.0 days

Slippage from Bitget: live order book, 2 min ago; Lighter: live order book, 3 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 Bitget live order book, 2 min ago	1.53 bp	9.5 bp −$9	13.6 bp −$136	33.3 bp −$3,325	doesn't fit
Sell Lighter live order book, 3 min ago	2.11 bp	2.8 bp −$3	14.2 bp −$142	26.3 bp −$2,628	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
BloFin MRVL-USDT	0.0000%	8h	260.86	−0.008%	$374K	$172K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	260.88	+0.002%	$313K	$330K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.81	−0.028%	$47K	$349K	10x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.78	−0.038%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.86	−0.008%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.88	0.000%	$5.6M	$8.1M	50x	as long as short
Bitget MRVLUSDTlong	0.0000%	8h	260.88	long leg	$5.6M	$16.0M	20x
Variational Omni MRVL	0.0000%	8h	261.17	+0.110%	$719K	$641K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.14	+0.100%	$595	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.93	+0.019%	$1K	$6.1M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.72	−0.061%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.89	+0.004%	$132K	$42K	50x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.88	+0.001%	$24.3M	$107.7M	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	260.84	−0.017%	$721	$49K	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	260.84	−0.015%	$94K	$200K	10x
QFEX MRVL-USD	+0.0038%	1h	260.86	−0.008%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.71	−0.065%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.24	+0.138%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.73	−0.057%	$14.5M	$8.3M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.71	−0.065%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.81	−0.027%	$120	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.89	+0.004%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.84	−0.017%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0059%	4h	260.91	+0.013%	$37K	$371K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	259.84	−0.399%	$334K	$629K	10x	as long as short
Nado MRVL-PERP	+0.0087%	1h	260.85	−0.013%	$89K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.00	+0.046%	$515K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.00	+0.046%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.88	0.000%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.83	−0.018%	$18	—	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.99	+0.042%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.69	+1.077%	$11K	$700	12x	as long as short