Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.072%

Price spread now: MEXC against Gate+0.011%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$181as in the Price arb table

costs, in and out, $10k−$1791.791% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.011%, 7d avg +0.031%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.020% cheaper against Gate than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.031%). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.169%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009330	0.0100	pay 0.0100% / 8h	6h 02m	$419K	$291K	25x
Short	MEXC MOVE_USDT	0.009331	0.0148	get 0.0074% / 4h	2h 02m	$3.8M	$219K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.011%Rate

Funding earned: $10.08
Price spread: +0.011% → +0.031%: −$2.02
Slippage, 4 orders: −$160.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$171
Costs to cover: 1.791%
Break-even: 125.7 days

Slippage from Gate: live order book, 63 min ago; MEXC: live order book, 4 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, 63 min ago	10.62 bp	98.8 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.61 bp	9.8 bp −$10	68.1 bp −$681	163.8 bp −$16.4K	doesn't fit

MOVE on 13 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	−4.287%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009331	+0.011%	$228K	$204K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009342	+0.129%	$1.9M	$654K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009336	+0.064%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009330	long leg	$419K	$291K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	0.000%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009330	0.000%	$828K	$421K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009328	−0.017%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0136%	1h	0.009334	+0.043%	$10K	$121K	5x	as long as short
Binance MOVEUSDT	+0.0139%	4h	0.009331	+0.010%	$2.0M	$4.2M	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDTshort	+0.0148%	4h	0.009331	+0.011%	$3.8M	$219K	20x
BingX MOVE-USDT	+0.0158%	4h	0.009328	−0.021%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0521%	4h	0.009376	+0.491%	$12K	$10K	5x	as long as short