Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.04 per $10,000 · paid last 24h +0.005%
Price spread now: Deribit against Lighter−0.016%7-day average +0.008% · 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−$38as in the Price arb table
costs, in and out, $10k−$350.353% of the position
Funding, last 5 days (all we have)+0.071%+$7 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now −0.016%, 7d avg +0.008%
=Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 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 Deribit is 0.024% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.008%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.071%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MRVL | 254.12 | 0.0032 | pay 0.0004% / 1h | 55m 09s | $88K | $164K | 10x |
| Short | Deribit MRVL_USDC-PERPETUAL | 254.08 | 0 | get 0.0000% / 1h | 55m 09s | $22K | $145K | 10x |
Lighter MRVL
Deribit MRVL_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$6.72
- Price spread: −0.016% → +0.008%
- −$2.36
- Slippage, 4 orders
- −$28.28
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$44.37
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 19 min ago; Deribit: live order book, 38 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, 19 min ago | 2.17 bp | 10.7 bp −$11 | 11.2 bp −$112 | 21.2 bp −$2,124 | doesn't fit |
| Sell Deribit live order book, 38 min ago | 6.57 bp | 10.1 bp −$10 | 12.1 bp −$121 | 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 | −0.0201% | 8h | 254.16 | +0.016% | $5.4M | $18.3M | 20x | as long as short |
| BloFin MRVL-USDT | −0.0012% | 8h | 254.08 | −0.016% | $367K | $201K | 50x | as long as short |
| Aster MRVLUSDT | 0.0000% | 8h | 254.33 | +0.083% | $299K | $337K | 50x | as long as short |
| Extended MRVL-USD | 0.0000% | 1h | 254.10 | −0.010% | $46K | $298K | 10x | as long as short |
| Binance MRVLUSDT | 0.0000% | 8h | 254.14 | +0.007% | $23.3M | $118.9M | 50x | as long as short |
| Bybit MRVLUSDT | 0.0000% | 8h | 253.96 | −0.063% | $5.0M | $4.2M | 50x | as long as short |
| OKX MRVL-USDT-SWAP | 0.0000% | 8h | 254.08 | −0.016% | $6.8M | $25.3M | 50x | as long as short |
| Gate MRVL_USDT | 0.0000% | 8h | 254.19 | +0.028% | $4.9M | $8.4M | 50x | as long as short |
| Variational Omni MRVL | 0.0000% | 8h | 254.68 | +0.219% | $712K | $460K | — | as long as short |
| GRVT MRVL_USDT_Perp | 0.0000% | 8h | 254.65 | +0.208% | $359 | $182K | 10x | as long as short |
Bitget MRVLUSDT
BloFin MRVL-USDT
Aster MRVLUSDT
Extended MRVL-USD
Binance MRVLUSDT
Bybit MRVLUSDT
OKX MRVL-USDT-SWAP
Gate MRVL_USDT
Variational Omni MRVL
GRVT MRVL_USDT_PerpShow all 32 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX MRVL-USDT | 0.0000% | 8h | 254.12 | 0.000% | $2K | $5.6M | 10x | as long as short |
| Deribit MRVL_USDC-PERPETUALshort | 0.0000% | 1h | 254.08 | −0.016% | $22K | $145K | 10x | |
| HTX MRVL-USDT | 0.0000% | 8h | 254.78 | +0.260% | $131K | $48K | 50x | as long as short |
| Aftermath Perps MRVLUSD | +0.0021% | 1h | 254.27 | +0.057% | $1K | $45K | 10x | as long as short |
| QFEX MRVL-USD | +0.0031% | 1h | 253.88 | −0.094% | $1.1M | $3.5M | 10x | as long as short |
| Lighter MRVLlong | +0.0032% | 1h | 254.12 | long leg | $88K | $164K | 10x | |
| Arcus MRVL-USD | +0.0040% | 1h | 253.99 | −0.051% | $22K | $27K | 5x | as long as short |
| Vest MRVL-USD-PERP | +0.0046% | 1h | 254.39 | +0.106% | — | $51K | 25x | as long as short |
| tradeXYZ xyz:MRVL | +0.0050% | 1h | 254.02 | −0.039% | $13.9M | $9.4M | 10x | as long as short |
| Polymarket Perps MRVL-USD | +0.0050% | 1h | 253.96 | −0.063% | $99K | $76K | 10x | as long as short |
| SoDEX MRVL-USD | +0.0050% | 1h | 254.14 | +0.008% | $158 | $15K | 10x | as long as short |
| Ondo Perps MRVL-USD.P | +0.0050% | 1h | 254.55 | +0.169% | $542K | $862K | 10x | as long as short |
| Paradex MRVL-USD-PERP | +0.0052% | 8h | 254.31 | +0.076% | — | — | 5x | as long as short |
| edgeX MRVLUSDC | +0.0061% | 4h | 254.46 | +0.135% | $36K | $373K | 10x | as long as short |
| KuCoin MRVLUSDTM | +0.0100% | 8h | 254.39 | +0.106% | $503K | $159K | 20x | as long as short |
| ApeX Omni MRVLUSDT | +0.0100% | 1h | 254.44 | +0.126% | $4K | $143K | 50x | as long as short |
| Orderly PERP_MRVL_USDC_mythos | +0.0100% | 8h | 254.17 | +0.020% | $2K | $3K | 10x | as long as short |
| Aevo MRVL-PERP | +0.0104% | 1h | 254.07 | −0.022% | $18 | — | 10x | as long as short |
| Nado MRVL-PERP | +0.0117% | 1h | 253.81 | −0.124% | $86K | $276K | 10x | as long as short |
| Coinbase International MRVL-PERP-INTX | +0.0128% | 1h | 254.65 | +0.209% | $325K | $620K | 10x | as long as short |
| Phoenix MRVL | +0.0188% | 1h | 254.67 | +0.216% | $11K | $13K | 10x | as long as short |
| Injective MRVL/USDC PERP | +0.0220% | 1h | 256.63 | +0.988% | $11K | $832 | 12x | as long as short |
SunX MRVL-USDT
HTX MRVL-USDT
Aftermath Perps MRVLUSD
QFEX MRVL-USD
Arcus MRVL-USD
Vest MRVL-USD-PERP
tradeXYZ xyz:MRVL
Polymarket Perps MRVL-USD
SoDEX MRVL-USD
Ondo Perps MRVL-USD.P
Paradex MRVL-USD-PERP
edgeX MRVLUSDC
KuCoin MRVLUSDTM
ApeX Omni MRVLUSDT
Orderly PERP_MRVL_USDC_mythos
Aevo MRVL-PERP
Nado MRVL-PERP
Coinbase International MRVL-PERP-INTX
Phoenix MRVL
Injective MRVL/USDC PERP