Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against Binance−0.053%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$650.655% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.053%, 7d avg +0.002%

Together, before fees+0.051%+$5 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: MEXC is 0.056% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009374	0.0100	pay 0.0050% / 4h	2h 44m	$2.0M	$4.2M	25x
Short	MEXC MOVE_USDT	0.009369	0.0100	get 0.0050% / 4h	2h 44m	$3.8M	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.002%: −$5.57
Slippage, 4 orders: −$51.49
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$71.06
Costs to cover: 0.655%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; MEXC: live order book, 8 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 Binance live order book, 8 min ago	3.22 bp	20.8 bp −$21	143.2 bp −$1,432	doesn't fit	doesn't fit
Sell MEXC live order book, 8 min ago	1.07 bp	9.4 bp −$9	66.3 bp −$663	308.2 bp −$30.8K	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	−4.737%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009373	−0.011%	$229K	$209K	3x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009374	long leg	$2.0M	$4.2M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009370	−0.043%	$1.9M	$667K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009379	+0.053%	$986K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	−0.043%	$421K	$281K	25x	as long as short
MEXC MOVE_USDTshort	+0.0100%	4h	0.009369	−0.053%	$3.8M	$212K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.256%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009360	−0.149%	$831K	$428K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009364	−0.107%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009344	−0.325%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009372	−0.022%	$11K	$120K	5x	as long as short
BloFin MOVE-USDT	+0.0126%	4h	0.009351	−0.245%	$122K	$11K	75x	as long as short
Aster MOVEUSDT	+0.0356%	4h	0.009372	−0.023%	$12K	$10K	5x	as long as short