Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Gate against Lighter+0.070%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.317%−$32 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.070%, 7d avg +0.042%

Together, before fees−0.363%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.028% dearer against Lighter than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.042%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.317% in total) that is about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	255.50	0.0032	pay 0.0004% / 1h	48m 54s	$88K	$167K	10x
Short	Gate MRVL_USDT	255.68	0	get 0.0000% / 8h	48m 54s	$5.2M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.070%Rate

Funding earned: −$6.72
Price spread: +0.070% → +0.042%: $2.83
Slippage, 4 orders: −$28.66
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.55
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Lighter: live order book, 36 min ago; Gate: live order book, 5 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, 36 min ago	2.75 bp	10.5 bp −$10	11.0 bp −$110	20.7 bp −$2,074	doesn't fit
Sell Gate live order book, 5 min ago	2.55 bp	13.5 bp −$13	24.7 bp −$247	47.6 bp −$4,756	83.2 bp −$41.6K

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	−0.0611%	8h	255.77	+0.106%	$5.5M	$17.1M	20x	as long as short
BloFin MRVL-USDT	−0.0020%	8h	255.60	+0.039%	$367K	$187K	50x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	254.95	−0.215%	$335K	$651K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.50	+0.001%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.61	+0.043%	$46K	$309K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.69	+0.073%	$23.5M	$113.8M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.57	+0.027%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.66	+0.063%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	255.68	+0.070%	$5.2M	$8.6M	50x
Variational Omni MRVL	0.0000%	8h	255.03	−0.186%	$709K	$463K	—	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MRVL_USDT_Perp	0.0000%	8h	255.09	−0.162%	$426	$191K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	255.66	+0.063%	$2K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.04	−0.180%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.36	−0.055%	$632	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.39	−0.043%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	255.50	long leg	$88K	$167K	10x
Arcus MRVL-USD	+0.0040%	1h	255.02	−0.188%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.59	+0.035%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.40	−0.039%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.32	−0.070%	$100K	$84K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.40	−0.039%	$179	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.92	−0.227%	$532K	$858K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0052%	8h	255.49	−0.005%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0062%	1h	255.37	−0.052%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.51	+0.004%	$505K	$66K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.07	−0.168%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.58	+0.031%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.53	+0.010%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.25	−0.098%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.10	+1.018%	$11K	$823	12x	as long as short
edgeX MRVLUSDC	+0.0255%	4h	255.06	−0.173%	$36K	$374K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0259%	1h	255.54	+0.016%	$22K	$145K	10x	as long as short