MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.004%

Price spread now: Deribit against Lighter−0.016%7-day average +0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Lighter Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now −0.016%, 7d avg +0.008%

Together, before fees+0.019%+ Points / potential airdropLighter: Season 3 · farm board+$2 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 Deribit is 0.024% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.070%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	255.88	0.0032	pay 0.0004% / 1h	3m 53s	$88K	$164K	10x
Short	Deribit MRVL_USDC-PERPETUAL	255.84	0	get 0.0000% / 1h	3m 53s	$22K	$145K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$6.72
Price spread: −0.016% → +0.008%: −$2.37
Slippage, 4 orders: −$26.6
Fee Lighter: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.69
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Lighter: live order book, 41 min ago; Deribit: live order book, 47 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, 41 min ago	2.56 bp	9.3 bp −$9	9.7 bp −$97	19.4 bp −$1,941	doesn't fit
Sell Deribit live order book, 47 min ago	6.70 bp	10.2 bp −$10	12.3 bp −$123	doesn't fit	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	−0.0011%	8h	255.82	−0.023%	$373K	$211K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.89	+0.005%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.72	−0.063%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.75	−0.051%	$23.6M	$119.3M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.62	−0.102%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.60	−0.109%	$6.9M	$25.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.90	+0.008%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	255.67	−0.082%	$5.5M	$18.9M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	256.10	+0.088%	$710K	$214K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	255.92	+0.016%	$1K	$5.4M	10x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUALshort	0.0000%	1h	255.84	−0.016%	$22K	$145K	10x
HTX MRVL-USDT	0.0000%	8h	255.46	−0.164%	$131K	$48K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.19	−0.268%	$1K	$43K	10x	as long as short
QFEX MRVL-USD	+0.0031%	1h	255.99	+0.043%	$1.2M	$3.5M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	255.88	long leg	$88K	$164K	10x
Arcus MRVL-USD	+0.0040%	1h	254.86	−0.399%	$22K	$22K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	256.18	+0.117%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.57	−0.121%	$14.0M	$9.4M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.91	+0.012%	$205	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.78	−0.430%	$542K	$857K	10x	as long as short
Nado MRVL-PERP	+0.0052%	1h	255.99	+0.041%	$87K	$276K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	256.01	+0.051%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.66	−0.086%	$504K	$219K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.67	−0.082%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.90	+0.008%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.92	+0.016%	$18	—	10x	as long as short
GRVT MRVL_USDT_Perp	+0.0105%	8h	256.03	+0.059%	$947	$181K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.68	−0.469%	$316K	$485K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	255.85	−0.012%	$11K	$13K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.293%	$11K	$832	12x	as long as short
Polymarket Perps MRVL-USD	+0.0224%	1h	256.44	+0.219%	$100K	$76K	10x	as long as short
edgeX MRVLUSDC	+0.0973%	4h	255.27	−0.238%	$36K	$375K	10x	as long as short