MRVL

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.046%

Price spread now: Lighter against Polymarket Perps+0.020%7-day average −0.121% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.430%−$43 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.020%, 7d avg −0.121%

Together, before fees−0.538%+ Points / potential airdropLighter: Season 3 · farm board−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.141% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.121%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 26 days. At the pace of the last 6 days (−0.430% in total) that is about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps MRVL-USD	255.33	0.0050	pay 0.0006% / 1h	3m 10s	$101K	$80K	10x
Short	Lighter MRVL	255.38	0.0032	get 0.0004% / 1h	3m 10s	$88K	$203K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$3.78
Price spread: +0.020% → −0.121%: $14.06
Slippage, 4 orders: −$26.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.74
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 48 min ago; Lighter: live order book, 32 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 Polymarket Perps live order book, 48 min ago	2.52 bp	7.3 bp −$7	8.5 bp −$85	doesn't fit	doesn't fit
Sell Lighter live order book, 32 min ago	2.14 bp	3.1 bp −$3	8.2 bp −$82	19.0 bp −$1,905	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	−0.0496%	8h	255.43	+0.039%	$5.5M	$16.4M	20x	as long as short
BloFin MRVL-USDT	−0.0021%	8h	255.27	−0.023%	$366K	$175K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.54	+0.081%	$301K	$339K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.37	+0.014%	$49K	$269K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.44	+0.044%	$23.5M	$110.1M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.29	−0.016%	$5.0M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.31	−0.008%	$6.8M	$22.8M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.32	−0.004%	$5.4M	$8.3M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.96	+0.247%	$710K	$502K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.81	+0.187%	$225	$190K	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	255.38	+0.020%	$1K	$6.0M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.39	+0.023%	$22K	$144K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.72	+0.153%	$129K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0022%	1h	255.57	+0.095%	$627	$48K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.34	+0.004%	$1.1M	$3.6M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	255.38	+0.020%	$88K	$203K	10x
Arcus MRVL-USD	+0.0040%	1h	255.48	+0.059%	$24K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.73	+0.157%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.23	−0.039%	$14.0M	$8.7M	10x	as long as short
Polymarket Perps MRVL-USDlong	+0.0050%	1h	255.33	long leg	$101K	$80K	10x
SoDEX MRVL-USD	+0.0050%	1h	255.37	+0.016%	$138	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.67	+0.133%	$547K	$758K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.46	+0.050%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	255.30	−0.012%	$321K	$633K	10x	as long as short
Nado MRVL-PERP	+0.0096%	1h	255.43	+0.038%	$87K	$272K	10x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.74	+0.161%	$4K	$140K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.46	+0.051%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.38	+0.021%	$18	—	10x	as long as short
KuCoin MRVLUSDTM	+0.0110%	8h	255.60	+0.106%	$505K	$62K	20x	as long as short
Phoenix MRVL	+0.0185%	1h	255.88	+0.215%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+2.475%	$11K	$734	12x	as long as short
edgeX MRVLUSDC	+0.0986%	4h	255.72	+0.152%	$36K	$373K	10x	as long as short