Funding arb · Price arb /

MOVR

all MOVR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.190%

Price spread now: Gate against MEXC+0.068%7-day average +0.098% · 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−$123as in the Price arb table

costs, in and out, $10k−$1201.197% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.507%+$51 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.068%, 7d avg +0.098%

Together, before fees+0.621%+$62 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: Gate is 0.031% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVR_USDT	0.8884	0.0100	pay 0.0050% / 4h	3h 53m	$2.5M	$285K	20x
Short	Gate MOVR_USDT	0.8890	0.0100	get 0.0100% / 8h	7h 53m	$283K	$311K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.098%: −$3.08
Slippage, 4 orders: −$100.75
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$122.83
Costs to cover: 1.197%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 41 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, 3 min ago	2.24 bp	16.0 bp −$16	100.6 bp −$1,006	850.9 bp −$85.1K	doesn't fit
Sell Gate live order book, 41 min ago	5.64 bp	44.8 bp −$45	doesn't fit	doesn't fit	doesn't fit

MOVR on 12 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
Aster MOVRUSDT	+0.0100%	4h	0.8883	−0.014%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8884	+0.001%	$2.7M	$3.7M	50x	as long as short
Gate MOVR_USDTshort	+0.0100%	8h	0.8890	+0.068%	$283K	$311K	25x
MEXC MOVR_USDTlong	+0.0100%	4h	0.8884	long leg	$2.5M	$285K	20x
KuCoin MOVRUSDTM	+0.0100%	4h	0.8888	+0.045%	$483K	$174K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8884	0.000%	$334K	$388K	5x	as long as short
Extended MOVR-USD	+0.0104%	1h	0.8882	−0.025%	$4K	$219K	5x	as long as short
BloFin MOVR-USDT	+0.0154%	4h	0.8877	−0.079%	$172K	$12K	50x	as long as short
Variational Omni MOVR	+0.0212%	4h	0.8924	+0.445%	$7K	$11K	—	as long as short
BingX MOVR-USDT	+0.0808%	4h	0.8890	+0.068%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MOVRUSDT	+0.0900%	4h	0.8895	+0.124%	$1.1M	$307K	20x	as long as short
Kraken Futures PF_MOVRUSD	+0.1959%	1h	0.8890	+0.062%	$18K	$11K	10x	as long as short