Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%

Price spread now: MEXC against Extended−0.023%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$860.861% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$16 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.023%, 7d avg +0.029%

Together, before fees+0.045%+ Points / potential airdropExtended: Active · farm board+$5 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 0.052% cheaper against Extended than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009346	0.0104	pay 0.0013% / 1h	46m 11s	$10K	$143K	5x
Short	MEXC MOVE_USDT	0.009344	0.0100	get 0.0050% / 4h	2h 46m	$3.8M	$228K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$0.84
Price spread: −0.023% → +0.029%: −$5.23
Slippage, 4 orders: −$77.14
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$92.21
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; MEXC: live order book, 1 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 Extended live order book, 39 min ago	2.14 bp	30.7 bp −$31	239.9 bp −$2,399	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.07 bp	9.0 bp −$9	51.6 bp −$516	284.4 bp −$28.4K	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
Bybit MOVEUSDT	−0.0581%	4h	0.009348	+0.019%	$1.9M	$662K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.453%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0062%	4h	0.009353	+0.073%	$122K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009347	+0.009%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009380	+0.367%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009344	−0.018%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009345	−0.013%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009350	+0.041%	$422K	$337K	25x	as long as short
MEXC MOVE_USDTshort	+0.0100%	4h	0.009344	−0.023%	$3.8M	$228K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.041%	$1.2M	$38K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009346	−0.002%	$848K	$425K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009352	+0.062%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009335	−0.119%	$6K	$2K	—	as long as short
Extended MOVE-USDlong	+0.0104%	1h	0.009346	long leg	$10K	$143K	5x