Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Variational Omni against Lighter+0.068%7-day average +0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.068%, 7d avg +0.033%

Together, before fees−0.167%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.034% dearer against Lighter than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.033%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 4 days (−0.008% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter MRVL	257.77	0.0032	pay 0.0004% / 1h	44m 12s	$89K	$203K	10x
Short	Variational Omni MRVL	257.94	0	get 0.0000% / 8h	3h 44m	$715K	$633K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.068%Rate

Funding earned: −$6.72
Price spread: +0.068% → +0.033%: $3.44
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.28
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 56 min ago; Variational Omni: RFQ quote, 10 min ago. Net counts fees only.

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, 56 min ago	2.11 bp	11.4 bp −$11	12.3 bp −$123	21.3 bp −$2,126	doesn't fit
Sell Variational Omni RFQ quote, 10 min ago	2.72 bp	doesn't fit	15.7 bp −$157	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
BloFin MRVL-USDT	−0.0024%	8h	257.73	−0.016%	$370K	$171K	50x	as long as short
Aster MRVLUSDT	0.0000%	8h	257.93	+0.064%	$309K	$331K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	257.86	+0.034%	$46K	$343K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	257.94	+0.068%	$23.7M	$108.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	257.86	+0.035%	$5.1M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	258.03	+0.101%	$6.9M	$22.6M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	257.89	+0.047%	$5.5M	$8.1M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	258.01	+0.093%	$5.5M	$16.2M	20x	as long as short
Variational Omni MRVLshort	0.0000%	8h	257.94	+0.068%	$715K	$633K	—
GRVT MRVL_USDT_Perp	0.0000%	8h	257.79	+0.009%	$820	$190K	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	258.06	+0.113%	$1K	$6.1M	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	257.78	+0.004%	$130K	$42K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0019%	1h	258.01	+0.094%	$599	$49K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	257.80	+0.012%	$1.1M	$3.6M	10x	as long as short
Lighter MRVLlong	+0.0032%	1h	257.77	long leg	$89K	$203K	10x
Arcus MRVL-USD	+0.0040%	1h	257.66	−0.043%	$25K	$26K	5x	as long as short
Nado MRVL-PERP	+0.0043%	1h	257.72	−0.019%	$88K	$272K	10x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	258.11	+0.132%	—	$50K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	257.79	+0.008%	$14.4M	$8.4M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	257.71	−0.023%	$102K	$80K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	257.77	0.000%	$165	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	257.52	−0.097%	$573K	$721K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0053%	8h	257.76	−0.006%	—	—	5x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0088%	1h	257.42	−0.136%	$331K	$625K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	258.07	+0.116%	$510K	$61K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	258.07	+0.116%	$4K	$141K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	257.88	+0.043%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	257.86	+0.035%	$18	—	10x	as long as short
Phoenix MRVL	+0.0185%	1h	257.68	−0.035%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	261.65	+1.505%	$11K	$734	12x	as long as short
Deribit MRVL_USDC-PERPETUAL	+0.0332%	1h	257.83	+0.023%	$22K	$144K	10x	as long as short
edgeX MRVLUSDC	+0.0862%	4h	258.02	+0.095%	$36K	$373K	10x	as long as short