MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRnext payment −$0.18 per $10,000 · paid last 24h +0.009%

Price spread now: MEXC against BloFin−0.054%94s7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.508% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.028%−$3 · spread now −0.054%, 7d avg −0.028%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.026% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.028%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MOVE-USDT	0.009338	0.0004	pay 0.0002% / 4h	1h 49m	$121K	$12K	75x
Short	MEXC MOVE_USDT	0.009333	−0.0032	pay 0.0016% / 4h	1h 49m	$3.8M	$216K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$7.65
Price spread: −0.054% → −0.028%: −$2.55
Slippage, 4 orders: −$34.77
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$60.98
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from BloFin: live order book, 23 min ago; MEXC: live order book, 3 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 BloFin live order book, 23 min ago	2.14 bp	16.2 bp −$16	49.7 bp −$497	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.14 bp	8.8 bp −$9	64.5 bp −$645	319.7 bp −$32.0K	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
Bybit MOVEUSDT	−0.0502%	4h	0.009343	+0.054%	$1.9M	$657K	25x	as long as short
Aster MOVEUSDT	−0.0117%	4h	0.009360	+0.230%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	−0.0033%	4h	0.009332	−0.062%	$2.0M	$4.0M	25x	as long as short
Extended MOVE-USD	−0.0032%	1h	0.009331	−0.074%	$10K	$143K	5x	as long as short
MEXC MOVE_USDTshort	−0.0032%	4h	0.009333	−0.054%	$3.8M	$216K	20x
BloFin MOVE-USDTlong	+0.0004%	4h	0.009338	long leg	$121K	$12K	75x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.369%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009332	−0.064%	$227K	$206K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009335	−0.032%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009350	+0.129%	$420K	$337K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009340	+0.021%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009343	+0.054%	$847K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009346	+0.086%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009344	+0.066%	$6K	$2K	—	as long as short