MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: QFEX against Lighter−0.020%52s7-day average +0.023% · 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—prices read too far apart to compare

costs, in and out, $10k−$310.314% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.020%, 7d avg +0.023%

Together, before fees+0.019%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.043% cheaper against Lighter than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.023%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	255.71	0.0032	pay 0.0004% / 1h	4m 50s	$88K	$203K	10x
Short	QFEX MRVL-USD	255.66	0.0025	get 0.0003% / 1h	4m 50s	$1.1M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$1.56
Price spread: −0.020% → +0.023%: −$4.27
Slippage, 4 orders: −$21.42
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$37.25
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Lighter: live order book, 30 min ago; QFEX: live order book, 3 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	2.14 bp	14.8 bp −$15	16.1 bp −$161	25.9 bp −$2,595	doesn't fit
Sell QFEX live order book, 3 min ago	1.76 bp	6.8 bp −$7	8.2 bp −$82	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	−0.0474%	8h	255.78	+0.027%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0027%	8h	255.68	−0.012%	$367K	$175K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.78	+0.026%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.70	−0.003%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.74	+0.012%	$23.5M	$110.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.67	−0.016%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.79	+0.031%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.75	+0.016%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.96	+0.098%	$710K	$502K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.39	−0.125%	$243	$191K	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	255.66	−0.020%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.63	−0.031%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.72	+0.004%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.60	−0.041%	$627	$49K	10x	as long as short
QFEX MRVL-USDshort	+0.0025%	1h	255.66	−0.020%	$1.1M	$3.6M	10x
Lighter MRVLlong	+0.0032%	1h	255.71	long leg	$88K	$203K	10x
Arcus MRVL-USD	+0.0040%	1h	255.42	−0.113%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.95	+0.094%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.52	−0.074%	$14.1M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.59	−0.047%	$101K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.59	−0.047%	$138	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.69	−0.008%	$547K	$727K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.65	−0.025%	—	—	5x	as long as short
edgeX MRVLUSDC	+0.0087%	4h	255.33	−0.148%	$36K	$372K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.30	−0.160%	$321K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0094%	1h	255.67	−0.018%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	+0.012%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.68	−0.012%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.63	−0.031%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0111%	8h	255.91	+0.078%	$506K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	255.88	+0.066%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.323%	$11K	$734	12x	as long as short