Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.006%

Price spread now: BloFin against Lighter+0.035%60s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.312% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.035%, 7d avg +0.028%

Together, before fees−0.028%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.028%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	260.41	0.0032	pay 0.0004% / 1h	8m 09s	$94K	$200K	10x
Short	BloFin MRVL-USDT	260.50	0.0014	get 0.0014% / 8h	4h 08m	$374K	$172K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$3.83
Price spread: +0.035% → +0.028%: $0.63
Slippage, 4 orders: −$19.16
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.37
Costs to cover: 0.312%
Break-even: never at this rate

Slippage from Lighter: live order book, 32 min ago; BloFin: live order book, 27 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, 32 min ago	2.11 bp	11.4 bp −$11	12.3 bp −$123	21.3 bp −$2,126	doesn't fit
Sell BloFin live order book, 27 min ago	0.96 bp	9.7 bp −$10	14.3 bp −$143	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
Aster MRVLUSDT	0.0000%	8h	260.49	+0.032%	$313K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.33	−0.032%	$47K	$345K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.43	+0.009%	$24.1M	$107.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.31	−0.038%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.32	−0.035%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.42	+0.004%	$5.6M	$8.2M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.41	0.000%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.44	+0.010%	$717K	$633K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.60	+0.072%	$636	$189K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.45	+0.015%	$940	$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	260.30	−0.042%	$23K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.34	−0.027%	$131K	$42K	50x	as long as short
BloFin MRVL-USDTshort	+0.0014%	8h	260.50	+0.035%	$374K	$172K	50x
Aftermath Perps MRVLUSD	+0.0020%	1h	260.37	−0.014%	$604	$49K	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	260.41	long leg	$94K	$200K	10x
QFEX MRVL-USD	+0.0038%	1h	260.40	−0.004%	$1.1M	$3.6M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.19	−0.084%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.73	+0.123%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.23	−0.069%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.18	−0.088%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.33	−0.031%	$104	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.26	−0.058%	$575K	$679K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0054%	8h	260.36	−0.020%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0064%	1h	260.25	−0.061%	$334K	$633K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.54	+0.050%	$514K	$60K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.39	−0.008%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.36	−0.019%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.36	−0.018%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0131%	1h	260.31	−0.039%	$89K	$272K	10x	as long as short
Phoenix MRVL	+0.0153%	1h	260.39	−0.008%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.30	+1.110%	$11K	$705	12x	as long as short
edgeX MRVLUSDC	+0.0762%	4h	260.45	+0.014%	$37K	$371K	10x	as long as short