Funding you earn now, next payment 04:00 UTC+0.0940%/8h= +102.9% APRpaid last 24h +0.012%
Price spread now: edgeX against Lighter−0.065%109s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as 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−$340.345% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.065%, 7d avg +0.040%
=Together, before fees+0.293%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. edgeX is 0.104% cheaper against Lighter than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.040%). If the spread goes back, that is −$10 on $10k: about 9 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.122% in total) that is about 6.0 days. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRVL | 260.40 | 0.0032 | pay 0.0004% / 1h | 9m 41s | $94K | $200K | 10x |
| Short | edgeX MRVLUSDC | 260.23 | 0.0972 | get 0.0486% / 4h | 9m 41s | $37K | $373K | 10x |
Lighter MRVL
edgeX MRVLUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $197.34
- Price spread: −0.065% → +0.040%
- −$10.44
- Slippage, 4 orders
- −$25.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $152.41
- Costs to cover
- 0.345%
- Break-even
- 1.6 days
Slippage from Lighter: live order book, 30 min ago; edgeX: live order book, 49 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, 30 min ago | 2.11 bp | 11.4 bp −$11 | 12.3 bp −$123 | 21.3 bp −$2,126 | doesn't fit |
| Sell edgeX live order book, 49 min ago | 5.36 bp | 10.1 bp −$10 | 14.7 bp −$147 | 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 | 260.51 | +0.044% | $313K | $331K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 260.47 | +0.026% | $47K | $345K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 260.46 | +0.023% | $24.1M | $107.7M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 260.33 | −0.027% | $5.1M | $3.8M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 260.46 | +0.023% | $7.0M | $22.3M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 260.52 | +0.046% | $5.6M | $8.2M | 50x | as long as short |
| Bitget MRVLUSDT | 0.0000% | 8h | 260.47 | +0.027% | $5.6M | $16.0M | 20x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 260.44 | +0.014% | $717K | $633K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 260.30 | −0.038% | $635 | $189K | 10x | as long as short |
| SunX MRVL-USDT | 0.0000% | 8h | 260.48 | +0.031% | $867 | $6.1M | 10x | as long as short |
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Bitget MRVLUSDT
Variational Omni MRVL
GRVT MRVL_USDT_Perp
SunX MRVL-USDTShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX MRVL-USDT | 0.0000% | 8h | 260.34 | −0.023% | $131K | $42K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0020% | 1h | 260.36 | −0.014% | $604 | $49K | 10x | as long as short |
| BloFin MRVL-USDT | +0.0022% | 8h | 260.44 | +0.015% | $374K | $172K | 50x | as long as short |
| Lighter MRVLlong | +0.0032% | 1h | 260.40 | long leg | $94K | $200K | 10x | |
| QFEX MRVL-USD | +0.0038% | 1h | 260.51 | +0.042% | $1.1M | $3.6M | 10x | as long as short |
| Arcus MRVL-USD | +0.0040% | 1h | 260.20 | −0.077% | $26K | $26K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 260.83 | +0.165% | — | $49K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 260.23 | −0.065% | $14.6M | $8.4M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 260.35 | −0.019% | $104K | $79K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 260.50 | +0.038% | $104 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 260.19 | −0.081% | $575K | $679K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0054% | 8h | 260.35 | −0.019% | — | — | 5x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0064% | 1h | 260.25 | −0.058% | $334K | $633K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 260.59 | +0.073% | $514K | $60K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 260.39 | −0.004% | $4K | $141K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 260.48 | +0.031% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 260.44 | +0.015% | $18 | — | 10x | as long as short |
| Nado MRVL-PERP | +0.0127% | 1h | 260.28 | −0.045% | $89K | $272K | 10x | as long as short |
| Phoenix MRVL | +0.0153% | 1h | 260.39 | −0.004% | $11K | $12K | 10x | as long as short |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 263.30 | +1.114% | $11K | $705 | 12x | as long as short |
| Deribit MRVL_USDC-PERPETUAL | +0.0480% | 1h | 260.46 | +0.023% | $23K | $144K | 10x | as long as short |
| edgeX MRVLUSDCshort | +0.0972% | 4h | 260.23 | −0.065% | $37K | $373K | 10x |
HTX MRVL-USDT
Aftermath Perps MRVLUSD
BloFin MRVL-USDT
QFEX MRVL-USD
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
Coinbase International MRVL-PERP-INTX
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Nado MRVL-PERP
Phoenix MRVL
Injective MRVL/USDC PERP
Deribit MRVL_USDC-PERPETUAL