Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Gate against Lighter−0.042%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.317%−$32 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.042%, 7d avg +0.044%

Together, before fees−0.355%+ Points / potential airdropLighter: Season 3 · farm board−$35 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 Gate is 0.086% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	261.21	0.0032	pay 0.0004% / 1h	3m 02s	$94K	$206K	10x
Short	Gate MRVL_USDT	261.10	0	get 0.0000% / 8h	5h 03m	$5.6M	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.042%Rate

Funding earned: −$6.72
Price spread: −0.042% → +0.044%: −$8.59
Slippage, 4 orders: −$28.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.09
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Lighter: live order book, 42 min ago; Gate: live order book, just now.

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, 42 min ago	2.69 bp	12.0 bp −$12	12.9 bp −$129	22.2 bp −$2,218	doesn't fit
Sell Gate live order book, just now	1.91 bp	15.7 bp −$16	28.7 bp −$287	44.9 bp −$4,494	80.0 bp −$40.0K

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
BloFin MRVL-USDT	−0.0014%	8h	261.04	−0.065%	$375K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	261.03	−0.068%	$313K	$330K	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	261.02	−0.073%	$5.1M	$3.8M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	261.05	−0.061%	$7.0M	$22.3M	50x	as long as short
Gate MRVL_USDTshort	0.0000%	8h	261.10	−0.042%	$5.6M	$8.4M	50x
Bitget MRVLUSDT	0.0000%	8h	261.00	−0.080%	$5.6M	$16.0M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	261.17	−0.014%	$719K	$650K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	261.28	+0.028%	$376	$188K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	261.09	−0.046%	$1K	$6.1M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.96	−0.096%	$23K	$144K	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	260.98	−0.088%	$132K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0018%	1h	261.02	−0.075%	$719	$50K	10x	as long as short
Extended MRVL-USD	+0.0024%	1h	261.00	−0.079%	$47K	$351K	10x	as long as short
Binance MRVLUSDT	+0.0026%	8h	261.08	−0.049%	$24.3M	$107.7M	50x	as long as short
QFEX MRVL-USD	+0.0026%	1h	261.03	−0.069%	$1.1M	$3.6M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	261.21	long leg	$94K	$206K	10x
Coinbase International MRVL-PERP-INTX	+0.0032%	1h	259.84	−0.524%	$334K	$630K	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.88	−0.126%	$26K	$26K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.41	+0.077%	—	$49K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	260.99	−0.084%	$14.6M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	260.94	−0.103%	$104K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	261.07	−0.054%	$151	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.97	−0.092%	$577K	$681K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	260.95	−0.098%	—	—	5x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	261.03	−0.069%	$515K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.12	−0.034%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	261.08	−0.050%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	261.01	−0.075%	$18	—	10x	as long as short
Nado MRVL-PERP	+0.0125%	1h	260.97	−0.090%	$89K	$275K	10x	as long as short
Phoenix MRVL	+0.0215%	1h	261.18	−0.011%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.39	+0.835%	$11K	$693	12x	as long as short
edgeX MRVLUSDC	+0.0796%	4h	261.25	+0.014%	$37K	$371K	10x	as long as short