MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0025%/8h= +2.7% APRnext payment +$0.03 per $10,000 · paid last 24h +0.083%

Price spread now: Nado against Lighter−0.021%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−$77as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.447%+$45 on $10k

Price spread, last 4 days (all we have)+0.294%+$29 · spread now −0.021%, 7d avg +0.008%

Together, before fees+0.741%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.029% cheaper against Lighter than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 3.9 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.447% in total) that is about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	255.15	0.0032	pay 0.0004% / 1h	4m 20s	$88K	$167K	10x
Short	Nado MRVL-PERP	255.10	0.0057	get 0.0007% / 1h	4m 20s	$87K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.021%Rate

Funding earned: $5.23
Price spread: −0.021% → +0.008%: −$2.9
Slippage, 4 orders: −$66.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$71.5
Costs to cover: 0.738%
Break-even: 102.7 days

Slippage from Lighter: live order book, 15 min ago; Nado: live order book, 33 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, 15 min ago	2.55 bp	12.7 bp −$13	13.7 bp −$137	23.6 bp −$2,358	doesn't fit
Sell Nado live order book, 33 min ago	8.61 bp	35.0 bp −$35	49.5 bp −$495	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
Bitget MRVLUSDT	−0.0509%	8h	255.39	+0.094%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.27	+0.047%	$335K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.21	+0.024%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.20	+0.021%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.32	+0.067%	$23.5M	$113.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.21	+0.024%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.25	+0.039%	$6.8M	$24.5M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.32	+0.067%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.16	+0.004%	$715K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	−0.004%	$388	$188K	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	255.23	+0.031%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.13	−0.008%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.12	−0.012%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0007%	8h	255.16	+0.004%	$366K	$189K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.20	+0.022%	$646	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.20	+0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	255.15	long leg	$88K	$167K	10x
Arcus MRVL-USD	+0.0040%	1h	254.99	−0.063%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.51	+0.141%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.17	+0.008%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.15	0.000%	$99K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.15	0.000%	$148	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.01	−0.055%	$539K	$847K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.13	−0.007%	—	—	5x	as long as short
Nado MRVL-PERPshort	+0.0057%	1h	255.10	−0.021%	$87K	$272K	10x
KuCoin MRVLUSDTM	+0.0100%	8h	255.16	+0.004%	$504K	$78K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.16	+0.004%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.24	+0.035%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.20	+0.018%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.15	0.000%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.125%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0298%	4h	255.15	+0.002%	$36K	$374K	10x	as long as short