Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%

Price spread now: BloFin against Lighter−0.035%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.035%, 7d avg +0.026%

Together, before fees+0.046%+ Points / potential airdropLighter: Season 3 · farm board+$5 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: BloFin is 0.061% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	254.83	0.0032	pay 0.0004% / 1h	8m 48s	$88K	$164K	10x
Short	BloFin MRVL-USDT	254.74	0.0028	get 0.0028% / 8h	6h 08m	$372K	$209K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$0.79
Price spread: −0.035% → +0.026%: −$6.1
Slippage, 4 orders: −$23.86
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$42.75
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Lighter: live order book, 36 min ago; BloFin: live order book, 39 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, 36 min ago	2.56 bp	9.3 bp −$9	9.7 bp −$97	19.4 bp −$1,941	doesn't fit
Sell BloFin live order book, 39 min ago	0.59 bp	11.3 bp −$11	18.4 bp −$184	doesn't fit	doesn't fit

MRVL on 32 exchanges

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	254.62	−0.081%	$300K	$337K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	254.83	0.000%	$46K	$300K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	254.93	+0.038%	$23.4M	$119.0M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	254.73	−0.039%	$5.0M	$4.2M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	254.88	+0.020%	$6.9M	$25.4M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	254.96	+0.051%	$5.0M	$8.6M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	254.96	+0.051%	$5.5M	$18.6M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	254.89	+0.023%	$708K	$214K	—	as long as short
SunX MRVL-USDT	0.0000%	8h	254.92	+0.035%	$2K	$5.4M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	254.73	−0.039%	$131K	$48K	50x	as long as short

Show all 32 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps MRVLUSD	+0.0018%	1h	254.72	−0.044%	$1K	$44K	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0025%	1h	254.78	−0.020%	$22K	$145K	10x	as long as short
BloFin MRVL-USDTshort	+0.0028%	8h	254.74	−0.035%	$372K	$209K	50x
QFEX MRVL-USD	+0.0031%	1h	254.76	−0.027%	$1.2M	$3.5M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	254.83	long leg	$88K	$164K	10x
Arcus MRVL-USD	+0.0040%	1h	254.44	−0.153%	$22K	$22K	5x	as long as short
Nado MRVL-PERP	+0.0044%	1h	254.76	−0.026%	$87K	$276K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	254.99	+0.063%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	254.74	−0.035%	$14.0M	$9.3M	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	254.88	+0.020%	$199	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	254.64	−0.075%	$539K	$862K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	254.65	−0.069%	—	—	5x	as long as short
GRVT MRVL_USDT_Perp	+0.0061%	8h	254.93	+0.041%	$943	$181K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	254.88	+0.020%	$503K	$213K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	254.64	−0.075%	$4K	$144K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	254.85	+0.008%	$2K	$2K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	254.84	+0.003%	$18	—	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0128%	1h	254.68	−0.059%	$316K	$547K	10x	as long as short
Phoenix MRVL	+0.0157%	1h	254.96	+0.051%	$11K	$13K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0174%	1h	255.20	+0.145%	$99K	$76K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	256.63	+0.706%	$11K	$832	12x	as long as short
edgeX MRVLUSDC	+0.0502%	4h	254.91	+0.031%	$36K	$374K	10x	as long as short