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 −0.072%

Price spread now: OKX against MEXC+0.075%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$810.807% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.075%, 7d avg +0.050%

Together, before fees+0.013%+$1 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: OKX is 0.025% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVE_USDT	0.009333	0.0100	pay 0.0050% / 4h	1h 10m	$3.8M	$219K	20x
Short	OKX MOVE-USDT-SWAP	0.009340	0.0100	get 0.0050% / 4h	1h 10m	$983K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.050%: $2.54
Slippage, 4 orders: −$66.67
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$78.13
Costs to cover: 0.807%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; OKX: live order book, just now.

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, 1 min ago	0.54 bp	10.3 bp −$10	62.7 bp −$627	191.8 bp −$19.2K	doesn't fit
Sell OKX live order book, just now	4.82 bp	28.7 bp −$29	doesn't fit	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
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.318%	$722	$21K	12x	as long as short
Bybit MOVEUSDT	+0.0043%	4h	0.009338	+0.054%	$1.9M	$645K	25x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009339	+0.064%	$230K	$209K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009360	+0.289%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009336	+0.032%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009340	+0.075%	$983K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009340	+0.075%	$424K	$343K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009333	long leg	$3.8M	$219K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009340	+0.075%	$1.1M	$34K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009345	+0.129%	$844K	$412K	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	0.009343	+0.107%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009334	+0.009%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009334	+0.012%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0115%	4h	0.009343	+0.107%	$120K	$12K	75x	as long as short