Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0032%/8hpaid last 24h −0.020%

Price spread now: Aster against Lighter−0.008%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.008%, 7d avg +0.034%

Together, before fees−0.046%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.042% cheaper against Lighter than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	260.32	0.0032	pay 0.0004% / 1h	23m 37s	$105K	$225K	10x
Short	Aster MRVLUSDT	260.30	0	get 0.0000% / 8h	4h 23m	$318K	$320K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter. 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 LighterbpFee AsterbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$6.72
Price spread: −0.008% → +0.034%: −$4.19
Slippage, 4 orders: −$24.36
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$43.27
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Aster: live order book, 8 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 Lighter live order book, 3 min ago	1.73 bp	9.0 bp −$9	12.4 bp −$124	22.4 bp −$2,236	doesn't fit
Sell Aster live order book, 8 min ago	2.12 bp	9.1 bp −$9	985.0 bp −$9,850	doesn't fit	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	−0.0002%	8h	260.22	−0.038%	$392K	$168K	50x	as long as short
Aster MRVLUSDTshort	0.0000%	8h	260.30	−0.008%	$318K	$320K	50x
Extended MRVL-USD	0.0000%	1h	260.26	−0.022%	$45K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.34	+0.008%	$24.7M	$110.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.29	−0.012%	$5.2M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.32	0.000%	$7.3M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.31	−0.004%	$5.6M	$9.5M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.32	0.000%	$5.7M	$15.3M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.13	−0.072%	$721K	$757K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.66	−0.255%	$924	$238K	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	260.29	−0.012%	$2K	$7.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.38	+0.023%	$19K	$135K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	259.69	−0.242%	$129K	$76K	50x	as long as short
QFEX MRVL-USD	+0.0016%	1h	260.23	−0.035%	$1.2M	$3.9M	10x	as long as short
Aftermath Perps MRVLUSD	+0.0032%	1h	259.90	−0.161%	$603	$55K	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	260.32	long leg	$105K	$225K	10x
tradeXYZ xyz:MRVL	+0.0033%	1h	260.19	−0.050%	$14.2M	$9.0M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.91	−0.157%	$25K	$30K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.65	+0.127%	—	$38K	25x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.34	+0.008%	$42	$14K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	260.27	−0.020%	—	—	5x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.08	−0.092%	$588K	$928K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0070%	1h	260.46	+0.054%	$107K	$64K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0080%	1h	260.49	+0.065%	$324K	$879K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.33	+0.004%	$517K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.73	−0.227%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.35	+0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.33	+0.005%	$18	—	10x	as long as short
Phoenix MRVL	+0.0123%	1h	259.78	−0.207%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0160%	4h	259.97	−0.136%	$36K	$365K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.55	+0.857%	$11K	$567	12x	as long as short
Nado MRVL-PERP	+0.0345%	1h	260.24	−0.030%	$515K	$69K	10x	as long as short