Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.072%

Price spread now: MEXC against Bitget+0.129%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$880.879% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.129%, 7d avg −0.023%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.152% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009323	0.0100	pay 0.0050% / 4h	1h 44m	$828K	$420K	25x
Short	MEXC MOVE_USDT	0.009335	0.0100	get 0.0050% / 4h	1h 44m	$3.8M	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.129%Rate

Funding earned: $0
Price spread: +0.129% → −0.023%: $15.21
Slippage, 4 orders: −$71.95
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$72.74
Costs to cover: 0.879%
Break-even: never at this rate

Slippage from Bitget: live order book, 16 min ago; MEXC: live order book, 3 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 Bitget live order book, 16 min ago	8.03 bp	33.6 bp −$34	274.7 bp −$2,747	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.76 bp	12.8 bp −$13	73.4 bp −$734	330.3 bp −$33.0K	doesn't fit

MOVE on 14 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
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.215%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009337	+0.150%	$228K	$200K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009321	−0.023%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009324	+0.011%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009326	+0.032%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009330	+0.075%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009330	+0.075%	$417K	$275K	25x	as long as short
MEXC MOVE_USDTshort	+0.0100%	4h	0.009335	+0.129%	$3.8M	$211K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009320	−0.032%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDTlong	+0.0100%	4h	0.009323	long leg	$828K	$420K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009320	−0.032%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009318	−0.050%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009332	+0.102%	$10K	$125K	5x	as long as short
BloFin MOVE-USDT	+0.0132%	4h	0.009332	+0.097%	$122K	$10K	75x	as long as short