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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Binance against MEXC+0.032%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.032%, 7d avg −0.003%

Together, before fees−0.015%−$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: Binance is 0.035% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVE_USDT	0.009342	0.0100	pay 0.0050% / 4h	2h 38m	$3.8M	$229K	20x
Short	Binance MOVEUSDT	0.009345	0.0100	get 0.0050% / 4h	2h 38m	$2.0M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.003%: $3.49
Slippage, 4 orders: −$37.6
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.12
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: 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 MEXC live order book, 4 min ago	1.61 bp	9.6 bp −$10	57.9 bp −$579	161.8 bp −$16.2K	doesn't fit
Sell Binance live order book, 14 min ago	0.54 bp	16.5 bp −$16	98.5 bp −$985	doesn't fit	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	−0.0571%	4h	0.009348	+0.064%	$1.9M	$659K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.410%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009345	+0.032%	$228K	$210K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009386	+0.474%	$11K	$12K	5x	as long as short
Binance MOVEUSDTshort	+0.0100%	4h	0.009345	+0.032%	$2.0M	$4.1M	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009345	+0.032%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.021%	$421K	$337K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009342	long leg	$3.8M	$229K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.086%	$1.2M	$38K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009356	+0.150%	$849K	$424K	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	0.009348	+0.064%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009335	−0.074%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009342	−0.003%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0135%	4h	0.009341	−0.011%	$121K	$12K	75x	as long as short