Funding arb · Price arb /

MVLL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Gate−0.088%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1851.853% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.088%, 7d avg +0.019%

Together, before fees+0.002%$0 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: Phemex is 0.107% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MVLL_USDT	33.950	0	get 0.0000% / 8h	5h 28m	$493K	$1.6M	25x
Short	Phemex MVLLUSDT	33.920	0	get 0.0000% / 8h	5h 28m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → +0.019%: −$10.75
Slippage, 4 orders: −$158.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$196.06
Costs to cover: 1.853%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago	4.42 bp	23.0 bp −$23	196.2 bp −$1,962	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	19.16 bp	57.8 bp −$58	doesn't fit	doesn't fit	doesn't fit

MVLL on 9 exchanges

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
Bitget MVLLUSDT	−0.0571%	8h	33.950	0.000%	$1.0M	$1.3M	20x	as long as short
Binance MVLLUSDT	0.0000%	8h	33.927	−0.068%	$3.3M	$45.6M	20x	as long as short
Bybit MVLLUSDT	0.0000%	8h	33.920	−0.088%	$488K	$531K	25x	as long as short
OKX MVLL-USDT-SWAP	0.0000%	8h	33.950	0.000%	$766K	$2.7M	10x	as long as short
Gate MVLL_USDTlong	0.0000%	8h	33.950	long leg	$493K	$1.6M	25x
MEXC MVLL_USDT	0.0000%	8h	33.930	−0.059%	$4.4M	$1.5M	20x	as long as short
Phemex MVLLUSDTshort	0.0000%	8h	33.920	−0.088%	$1.7M	$1.3M	10x
KuCoin MVLLUSDTM	+0.0100%	8h	33.930	−0.059%	$183K	$605K	20x	as long as short
HTX MVLL-USDT	+0.0100%	8h	33.900	−0.147%	$8K	$273K	10x	as long as short