MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRnext payment +$0.04 per $10,000 · paid last 24h −0.007%

Price spread now: Lighter against Deribit+0.027%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$340.339% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.027%, 7d avg −0.008%

Together, before fees−0.067%+ Points / potential airdropLighter: Season 3 · farm board−$7 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 Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 5 days funding on this pair cost −0.071%, 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	Deribit MRVL_USDC-PERPETUAL	255.36	0	get 0.0000% / 1h	33m 35s	$22K	$145K	10x
Short	Lighter MRVL	255.43	0.0032	get 0.0004% / 1h	33m 35s	$88K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.027%Rate

Funding earned: $6.72
Price spread: +0.027% → −0.008%: $3.54
Slippage, 4 orders: −$26.87
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.62
Costs to cover: 0.339%
Break-even: 31.6 days

Slippage from Deribit: live order book, 5 min ago; Lighter: live order book, 51 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 Deribit live order book, 5 min ago	6.06 bp	9.6 bp −$10	11.4 bp −$114	doesn't fit	doesn't fit
Sell Lighter live order book, 51 min ago	2.75 bp	3.9 bp −$4	14.4 bp −$144	26.1 bp −$2,613	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	−0.0521%	8h	255.60	+0.094%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.58	+0.086%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.47	+0.044%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.46	+0.040%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.55	+0.075%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.46	+0.039%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.59	+0.090%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.57	+0.082%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.45	+0.033%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.73	+0.143%	$391	$189K	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	255.57	+0.082%	$2K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUALlong	0.0000%	1h	255.36	long leg	$22K	$145K	10x
HTX MRVL-USDT	0.0000%	8h	255.49	+0.051%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.49	+0.049%	$780	$46K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	255.62	+0.102%	$365K	$188K	50x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.53	+0.067%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	255.43	+0.027%	$88K	$167K	10x
Arcus MRVL-USD	+0.0040%	1h	255.36	0.000%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.74	+0.149%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.55	+0.074%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.48	+0.047%	$100K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.46	+0.039%	$215	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.48	+0.047%	$533K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.40	+0.017%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.38	+0.008%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.53	+0.067%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.70	+0.133%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.45	+0.035%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.46	+0.038%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.50	+0.055%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	255.63	+0.105%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+1.140%	$11K	$825	12x	as long as short