Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: OKX against Lighter+0.012%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.012%, 7d avg +0.026%

Together, before fees+0.012%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	260.02	0.0032	pay 0.0004% / 1h	24m 59s	$94K	$204K	10x
Short	OKX MRVL-USDT-SWAP	260.05	0	get 0.0000% / 8h	5h 24m	$7.0M	$22.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$6.72
Price spread: +0.012% → +0.026%: −$1.4
Slippage, 4 orders: −$20.37
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.49
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Lighter: live order book, 20 min ago; OKX: live order book, 4 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, 20 min ago	2.69 bp	12.0 bp −$12	12.9 bp −$129	22.2 bp −$2,218	doesn't fit
Sell OKX live order book, 4 min ago	0.19 bp	7.6 bp −$8	18.9 bp −$189	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	260.06	+0.016%	$312K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	259.97	−0.019%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAPshort	0.0000%	8h	260.05	+0.012%	$7.0M	$22.1M	50x
Gate MRVL_USDT	0.0000%	8h	260.06	+0.015%	$5.6M	$8.4M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.07	+0.019%	$5.5M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.08	+0.024%	$716K	$654K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.12	+0.038%	$840	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.02	0.000%	$2K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	259.92	−0.038%	$23K	$143K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.25	+0.088%	$131K	$42K	50x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0015%	1h	260.07	+0.020%	$604	$50K	10x	as long as short
BloFin MRVL-USDT	+0.0022%	8h	260.05	+0.012%	$377K	$170K	50x	as long as short
QFEX MRVL-USD	+0.0026%	1h	259.99	−0.012%	$1.1M	$3.7M	10x	as long as short
Binance MRVLUSDT	+0.0029%	8h	260.04	+0.009%	$24.2M	$107.8M	50x	as long as short
Lighter MRVLlong	+0.0032%	1h	260.02	long leg	$94K	$204K	10x
Extended MRVL-USD	+0.0032%	1h	259.97	−0.018%	$51K	$353K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.069%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	259.91	−0.042%	$25K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	260.42	+0.154%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	259.90	−0.046%	$14.5M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	259.91	−0.042%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	259.96	−0.023%	$166	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.05	+0.012%	$575K	$692K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	259.95	−0.028%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.21	+0.073%	$514K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	260.02	0.000%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.01	−0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	259.97	−0.021%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0110%	1h	259.94	−0.031%	$89K	$274K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	260.11	+0.035%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+1.296%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0890%	4h	260.05	+0.010%	$37K	$370K	10x	as long as short