MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0306%/8h= −33.5% APRnext payment −$1.53 per $10,000 · paid last 24h −0.072%

Price spread now: Bybit against MEXC+0.246%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$960.959% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days−0.074%−$7 · spread now +0.246%, 7d avg +0.060%

Together, before fees−0.175%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.187% dearer against MEXC than usual: you sell high and buy low (spread +0.246% now, against its 7-day average of +0.060%): +$19 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.0 days. At the pace of the last 7 days (−0.100% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.53 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVE_USDT	0.009339	0.0100	pay 0.0050% / 4h	32m 40s	$3.8M	$212K	20x
Short	Bybit MOVEUSDT	0.009362	−0.0206	pay 0.0103% / 4h	32m 40s	$1.9M	$664K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.246%Rate

Funding earned: −$64.16
Price spread: +0.246% → +0.060%: $18.66
Slippage, 4 orders: −$80.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$141.44
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago	0.54 bp	9.4 bp −$9	67.6 bp −$676	306.3 bp −$30.6K	doesn't fit
Sell Bybit live order book, 4 min ago	5.34 bp	32.6 bp −$33	152.6 bp −$1,526	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 MOVEUSDTshort	−0.0206%	4h	0.009362	+0.246%	$1.9M	$664K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.379%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009344	+0.054%	$230K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009389	+0.535%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009342	+0.032%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009352	+0.139%	$990K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	+0.225%	$423K	$343K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009339	long leg	$3.8M	$212K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+0.225%	$1.2M	$31K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009349	+0.107%	$836K	$410K	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	0.009342	+0.032%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009359	+0.213%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009387	+0.516%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0128%	4h	0.009338	−0.011%	$121K	$12K	75x	as long as short