Funding arb · Price arb /

MVLL

RWAall MVLL markets

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: Gate against Phemex0.000%7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1661.661% of the position

Long on Phemex Short on Gate

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)+0.057%+$6 · spread now 0.000%, 7d avg −0.023%

Together, before fees+0.057%+$6 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 0.023% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex MVLLUSDT	33.430	0	get 0.0000% / 8h	4h 09m	$1.7M	$1.3M	10x
Short	Gate MVLL_USDT	33.430	0	get 0.0000% / 8h	4h 09m	$520K	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.023%: $2.29
Slippage, 4 orders: −$139.11
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$163.82
Costs to cover: 1.661%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: 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 Phemex live order book, 2 min ago	4.48 bp	57.8 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.49 bp	19.4 bp −$19	143.0 bp −$1,430	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	−0.0005%	8h	33.430	0.000%	$997K	$1.4M	20x	as long as short
Binance MVLLUSDT	0.0000%	8h	33.436	+0.017%	$3.3M	$46.0M	20x	as long as short
Bybit MVLLUSDT	0.0000%	8h	33.430	0.000%	$500K	$571K	25x	as long as short
OKX MVLL-USDT-SWAP	0.0000%	8h	33.430	0.000%	$750K	$2.7M	10x	as long as short
Gate MVLL_USDTshort	0.0000%	8h	33.430	0.000%	$520K	$1.7M	25x
MEXC MVLL_USDT	0.0000%	8h	33.440	+0.030%	$4.7M	$1.6M	20x	as long as short
Phemex MVLLUSDTlong	0.0000%	8h	33.430	long leg	$1.7M	$1.3M	10x
KuCoin MVLLUSDTM	+0.0100%	8h	33.440	+0.030%	$182K	$650K	20x	as long as short
HTX MVLL-USDT	+0.0100%	8h	33.470	+0.120%	$8K	$275K	10x	as long as short