Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.072%

Price spread now: MEXC against Gate−0.053%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$184as in the Price arb table

costs, in and out, $10k−$1751.750% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.053%, 7d avg +0.033%

Together, before fees+0.020%+$2 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 0.086% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009370	0.0100	pay 0.0100% / 8h	2h 15m	$422K	$337K	25x
Short	MEXC MOVE_USDT	0.009365	0.0100	get 0.0050% / 4h	2h 15m	$3.8M	$233K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.033%: −$8.64
Slippage, 4 orders: −$155.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$183.6
Costs to cover: 1.750%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 2 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 Gate live order book, 5 min ago	5.34 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.20 bp	9.8 bp −$10	63.0 bp −$630	173.0 bp −$17.3K	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	−0.0306%	4h	0.009369	−0.011%	$1.9M	$654K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.696%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009364	−0.064%	$229K	$210K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009383	+0.138%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009365	−0.053%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009358	−0.128%	$985K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009370	long leg	$422K	$337K	25x
MEXC MOVE_USDTshort	+0.0100%	4h	0.009365	−0.053%	$3.8M	$233K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	0.000%	$1.2M	$38K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009374	+0.043%	$850K	$423K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009379	+0.096%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009384	+0.155%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009364	−0.066%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0143%	4h	0.009378	+0.085%	$121K	$12K	75x	as long as short