Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0032%/8hpaid last 24h −0.020%

Price spread now: Aster against Lighter−0.028%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$320.324% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.028%, 7d avg +0.034%

Together, before fees−0.025%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Aster is 0.062% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	258.78	0.0032	pay 0.0004% / 1h	3m 43s	$105K	$225K	10x
Short	Aster MRVLUSDT	258.71	0	get 0.0000% / 8h	4h 03m	$317K	$325K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$6.72
Price spread: −0.028% → +0.034%: −$6.24
Slippage, 4 orders: −$24.36
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$45.32
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Lighter: live order book, 23 min ago; Aster: live order book, 28 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, 23 min ago	1.73 bp	9.0 bp −$9	12.4 bp −$124	22.4 bp −$2,236	doesn't fit
Sell Aster live order book, 28 min ago	2.12 bp	9.1 bp −$9	985.0 bp −$9,850	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 MRVLUSDTshort	0.0000%	8h	258.71	−0.028%	$317K	$325K	50x
Extended MRVL-USD	0.0000%	1h	258.70	−0.033%	$45K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	258.73	−0.019%	$24.2M	$112.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	258.62	−0.062%	$5.2M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.77	−0.004%	$7.2M	$22.3M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	258.73	−0.019%	$5.5M	$9.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	258.74	−0.015%	$5.7M	$15.7M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	259.35	+0.222%	$716K	$764K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	259.38	+0.230%	$799	$242K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	258.78	0.000%	$1K	$7.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX MRVL-USDT	0.0000%	8h	258.86	+0.031%	$131K	$80K	50x	as long as short
QFEX MRVL-USD	+0.0016%	1h	258.47	−0.120%	$1.2M	$4.1M	10x	as long as short
BloFin MRVL-USDT	+0.0018%	8h	258.62	−0.062%	$388K	$169K	50x	as long as short
Lighter MRVLlong	+0.0032%	1h	258.78	long leg	$105K	$225K	10x
Arcus MRVL-USD	+0.0040%	1h	258.33	−0.174%	$25K	$30K	5x	as long as short
Aftermath Perps MRVLUSD	+0.0044%	1h	259.26	+0.184%	$602	$55K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.84	+0.023%	—	$41K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0046%	1h	258.69	−0.035%	$14.1M	$9.2M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	258.74	−0.015%	$103	$14K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	258.42	−0.140%	—	—	5x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	258.43	−0.135%	$587K	$923K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0058%	1h	258.58	−0.077%	$107K	$64K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0080%	1h	258.50	−0.108%	$322K	$873K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.66	−0.046%	$512K	$70K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	259.29	+0.197%	$4K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	258.57	−0.081%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	258.53	−0.095%	$18	—	10x	as long as short
Phoenix MRVL	+0.0123%	1h	259.36	+0.224%	$11K	$12K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0175%	1h	258.86	+0.031%	$19K	$137K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	262.87	+1.580%	$11K	$589	12x	as long as short
Nado MRVL-PERP	+0.0333%	1h	258.41	−0.143%	$512K	$69K	10x	as long as short
edgeX MRVLUSDC	+0.0465%	4h	259.46	+0.262%	$36K	$366K	10x	as long as short