Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0009%/8h= +1.0% APRpaid last 24h +0.006%

Price spread now: Lighter against BloFin−0.086%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$330.331% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.086%, 7d avg −0.027%

Together, before fees+0.075%+ Points / potential airdropLighter: Season 3 · farm board+$8 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: Lighter is 0.059% cheaper against BloFin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MRVL-USDT	255.64	0.0023	pay 0.0023% / 8h	33m 12s	$365K	$188K	50x
Short	Lighter MRVL	255.42	0.0032	get 0.0004% / 1h	33m 12s	$88K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.086%Rate

Funding earned: $1.84
Price spread: −0.086% → −0.027%: −$5.9
Slippage, 4 orders: −$21.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.19
Costs to cover: 0.331%
Break-even: 148.4 days

Slippage from BloFin: live order book, 47 min ago; Lighter: live order book, 51 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 BloFin live order book, 47 min ago	0.20 bp	10.5 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell Lighter live order book, 51 min ago	2.75 bp	3.9 bp −$4	14.4 bp −$144	26.1 bp −$2,613	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	−0.0521%	8h	255.57	−0.027%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.58	−0.023%	$336K	$654K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.41	−0.090%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.38	−0.102%	$50K	$308K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.42	−0.086%	$23.5M	$113.9M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.38	−0.102%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	255.39	−0.098%	$6.8M	$24.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	255.48	−0.063%	$5.1M	$8.6M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.45	−0.076%	$716K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.73	+0.034%	$391	$189K	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	255.61	−0.012%	$2K	$5.9M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.49	−0.059%	$131K	$47K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0017%	1h	255.57	−0.029%	$780	$46K	10x	as long as short
BloFin MRVL-USDTlong	+0.0023%	8h	255.64	long leg	$365K	$188K	50x
QFEX MRVL-USD	+0.0025%	1h	255.53	−0.043%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	255.42	−0.086%	$88K	$167K	10x
Arcus MRVL-USD	+0.0040%	1h	255.36	−0.110%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.74	+0.039%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.31	−0.129%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.48	−0.063%	$100K	$86K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.36	−0.110%	$209	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.48	−0.063%	$533K	$860K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.40	−0.093%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0059%	1h	255.38	−0.102%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.44	−0.078%	$505K	$67K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.70	+0.023%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.42	−0.086%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.41	−0.091%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.50	−0.055%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0181%	1h	255.44	−0.078%	$22K	$145K	10x	as long as short
edgeX MRVLUSDC	+0.0187%	4h	255.63	−0.005%	$36K	$374K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.27	+1.029%	$11K	$825	12x	as long as short