Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter against OKX0.000%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now 0.000%, 7d avg −0.025%

Together, before fees−0.029%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.025% dearer against OKX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MRVL-USDT-SWAP	255.14	0	get 0.0000% / 8h	5m 56s	$6.8M	$24.5M	50x
Short	Lighter MRVL	255.14	0.0032	get 0.0004% / 1h	5m 56s	$88K	$167K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.72
Price spread: 0.000% → −0.025%: $2.46
Slippage, 4 orders: −$21.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.54
Costs to cover: 0.317%
Break-even: 30.5 days

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 14 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 OKX live order book, 3 min ago	0.20 bp	7.7 bp −$8	18.4 bp −$184	doesn't fit	doesn't fit
Sell Lighter live order book, 14 min ago	2.55 bp	3.8 bp −$4	8.9 bp −$89	18.8 bp −$1,876	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	−0.0513%	8h	255.38	+0.094%	$5.5M	$17.2M	20x	as long as short
Coinbase International MRVL-PERP-INTX	−0.0008%	1h	255.27	+0.051%	$335K	$652K	10x	as long as short
Aster MRVLUSDT	0.0000%	8h	255.09	−0.019%	$301K	$341K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	255.12	−0.009%	$50K	$303K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	255.18	+0.015%	$23.5M	$113.7M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	255.04	−0.039%	$5.0M	$4.1M	50x	as long as short
OKX MRVL-USDT-SWAPlong	0.0000%	8h	255.14	long leg	$6.8M	$24.5M	50x
Gate MRVL_USDT	0.0000%	8h	255.20	+0.024%	$5.1M	$8.7M	50x	as long as short
Variational Omni MRVL	0.0000%	8h	255.09	−0.018%	$714K	$468K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	255.14	0.000%	$967	$187K	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	255.14	0.000%	$1K	$5.9M	10x	as long as short
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	255.11	−0.012%	$22K	$145K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	255.23	+0.035%	$131K	$47K	50x	as long as short
BloFin MRVL-USDT	+0.0011%	8h	255.15	+0.004%	$365K	$188K	50x	as long as short
Aftermath Perps MRVLUSD	+0.0016%	1h	255.10	−0.016%	$592	$46K	10x	as long as short
QFEX MRVL-USD	+0.0025%	1h	255.19	+0.020%	$1.1M	$3.5M	10x	as long as short
Lighter MRVLshort	+0.0032%	1h	255.14	0.000%	$88K	$167K	10x
Arcus MRVL-USD	+0.0040%	1h	254.97	−0.067%	$23K	$27K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	255.50	+0.141%	—	$51K	25x	as long as short
tradeXYZ xyz:MRVL	+0.0050%	1h	255.08	−0.024%	$14.1M	$9.1M	10x	as long as short
Polymarket Perps MRVL-USD	+0.0050%	1h	255.08	−0.024%	$99K	$79K	10x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	255.14	0.000%	$158	$15K	10x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	255.18	+0.016%	$539K	$848K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0051%	8h	255.08	−0.022%	—	—	5x	as long as short
Nado MRVL-PERP	+0.0058%	1h	255.04	−0.039%	$87K	$272K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	255.07	−0.027%	$504K	$77K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	255.11	−0.012%	$4K	$142K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	255.12	−0.008%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	255.06	−0.033%	$18	—	10x	as long as short
Phoenix MRVL	+0.0125%	1h	255.31	+0.067%	$11K	$12K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	258.02	+1.129%	$11K	$827	12x	as long as short
edgeX MRVLUSDC	+0.0522%	4h	255.15	+0.003%	$36K	$373K	10x	as long as short