Funding arb · Price arb /

MRVL

RWAall MRVL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0016%/8hnext payment +$0.02 per $10,000 · paid last 24h +0.010%

Price spread now: Lighter against QFEX−0.069%7-day average −0.028% · 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−$32as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.069%, 7d avg −0.028%

Together, before fees+0.077%+ Points / potential airdropLighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.041% cheaper against QFEX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.028%). If the spread goes back, that is −$4 on $10k: about 8.9 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX MRVL-USD	260.61	0.0016	pay 0.0002% / 1h	17m 19s	$1.2M	$4.0M	10x
Short	Lighter MRVL	260.43	0.0032	get 0.0004% / 1h	17m 19s	$105K	$225K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.069%Rate

Funding earned: $3.28
Price spread: −0.069% → −0.028%: −$4.15
Slippage, 4 orders: −$17.97
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.85
Costs to cover: 0.280%
Break-even: 68.6 days

Slippage from QFEX: live order book, 5 min ago; Lighter: live order book, 9 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 QFEX live order book, 5 min ago	1.34 bp	6.3 bp −$6	6.6 bp −$66	12.6 bp −$1,256	doesn't fit
Sell Lighter live order book, 9 min ago	1.73 bp	6.3 bp −$6	12.0 bp −$120	25.0 bp −$2,499	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
Aster MRVLUSDT	0.0000%	8h	260.61	0.000%	$318K	$320K	50x	as long as short
Extended MRVL-USD	0.0000%	1h	260.51	−0.040%	$45K	$190K	10x	as long as short
Binance MRVLUSDT	0.0000%	8h	260.45	−0.062%	$24.7M	$110.4M	50x	as long as short
Bybit MRVLUSDT	0.0000%	8h	260.43	−0.069%	$5.2M	$3.9M	50x	as long as short
OKX MRVL-USDT-SWAP	0.0000%	8h	260.41	−0.077%	$7.3M	$22.2M	50x	as long as short
Gate MRVL_USDT	0.0000%	8h	260.68	+0.027%	$5.6M	$9.5M	50x	as long as short
Bitget MRVLUSDT	0.0000%	8h	260.51	−0.038%	$5.7M	$15.3M	20x	as long as short
Variational Omni MRVL	0.0000%	8h	260.96	+0.136%	$724K	$757K	—	as long as short
GRVT MRVL_USDT_Perp	0.0000%	8h	260.94	+0.126%	$780	$239K	10x	as long as short
SunX MRVL-USDT	0.0000%	8h	260.64	+0.012%	$1K	$7.0M	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit MRVL_USDC-PERPETUAL	0.0000%	1h	260.54	−0.027%	$19K	$135K	10x	as long as short
HTX MRVL-USDT	0.0000%	8h	260.44	−0.065%	$131K	$80K	50x	as long as short
QFEX MRVL-USDlong	+0.0016%	1h	260.61	long leg	$1.2M	$4.0M	10x
BloFin MRVL-USDT	+0.0029%	8h	260.53	−0.031%	$391K	$169K	50x	as long as short
Lighter MRVLshort	+0.0032%	1h	260.43	−0.069%	$105K	$225K	10x
Aftermath Perps MRVLUSD	+0.0033%	1h	260.52	−0.035%	$662	$55K	10x	as long as short
tradeXYZ xyz:MRVL	+0.0034%	1h	260.54	−0.027%	$14.2M	$9.0M	10x	as long as short
Arcus MRVL-USD	+0.0040%	1h	260.43	−0.069%	$26K	$30K	5x	as long as short
Vest MRVL-USD-PERP	+0.0046%	1h	261.04	+0.165%	—	$38K	25x	as long as short
SoDEX MRVL-USD	+0.0050%	1h	260.45	−0.061%	$68	$14K	10x	as long as short
Paradex MRVL-USD-PERP	+0.0050%	8h	260.58	−0.012%	—	—	5x	as long as short
Ondo Perps MRVL-USD.P	+0.0050%	1h	260.96	+0.134%	$590K	$931K	10x	as long as short
Polymarket Perps MRVL-USD	+0.0070%	1h	260.80	+0.073%	$107K	$64K	10x	as long as short
Coinbase International MRVL-PERP-INTX	+0.0080%	1h	260.48	−0.050%	$324K	$879K	10x	as long as short
KuCoin MRVLUSDTM	+0.0100%	8h	260.64	+0.012%	$517K	$69K	20x	as long as short
ApeX Omni MRVLUSDT	+0.0100%	1h	261.09	+0.184%	$5K	$143K	50x	as long as short
Orderly PERP_MRVL_USDC_mythos	+0.0100%	8h	260.62	+0.004%	$2K	$3K	10x	as long as short
Aevo MRVL-PERP	+0.0104%	1h	260.56	−0.021%	$18	—	10x	as long as short
Phoenix MRVL	+0.0123%	1h	261.01	+0.153%	$11K	$12K	10x	as long as short
edgeX MRVLUSDC	+0.0209%	4h	261.00	+0.151%	$37K	$366K	10x	as long as short
Injective MRVL/USDC PERP	+0.0220%	1h	263.74	+1.201%	$11K	$571	12x	as long as short
Nado MRVL-PERP	+0.0336%	1h	260.48	−0.051%	$516K	$69K	10x	as long as short