Funding arb · Price arb /

MVLL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Bitget against Gate+0.142%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1181.177% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.142%, 7d avg +0.045%

Together, before fees+0.170%+$17 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: Bitget is 0.098% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MVLL_USDT	35.110	0	get 0.0000% / 8h	4h 27m	$543K	$1.6M	25x
Short	Bitget MVLLUSDT	35.160	0	get 0.0000% / 8h	4h 27m	$679K	$640K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.045%: $9.77
Slippage, 4 orders: −$90.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107.89
Costs to cover: 1.177%
Break-even: never at this rate

Slippage from Gate: live order book, just now; Bitget: live order book, 28 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, just now	4.27 bp	29.0 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 28 min ago	2.83 bp	43.6 bp −$44	61.9 bp −$619	doesn't fit	doesn't fit

MVLL on 9 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
Binance MVLLUSDT	0.0000%	8h	35.080	−0.085%	$3.4M	$39.1M	20x	as long as short
Bybit MVLLUSDT	0.0000%	8h	35.100	−0.028%	$520K	$430K	25x	as long as short
OKX MVLL-USDT-SWAP	0.0000%	8h	35.100	−0.028%	$873K	$1.2M	10x	as long as short
Gate MVLL_USDTlong	0.0000%	8h	35.110	long leg	$543K	$1.6M	25x
MEXC MVLL_USDT	0.0000%	8h	35.090	−0.057%	$4.4M	$1.4M	20x	as long as short
Bitget MVLLUSDTshort	0.0000%	8h	35.160	+0.142%	$679K	$640K	20x
Phemex MVLLUSDT	0.0000%	8h	35.100	−0.028%	$1.8M	$1.1M	10x	as long as short
KuCoin MVLLUSDTM	+0.0100%	8h	35.070	−0.114%	$188K	$587K	20x	as long as short
HTX MVLL-USDT	+0.0100%	8h	35.120	+0.028%	$9K	$256K	10x	as long as short