Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: BingX against MEXC+0.087%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$600.601% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 7 days−0.133%−$13 · spread now +0.087%, 7d avg +0.019%

Together, before fees−0.018%−$2 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: BingX is 0.069% dearer against MEXC than usual: you sell high and buy low, +$7 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	MEXC MOVE_USDT	0.009171	0.0100	pay 0.0050% / 4h	1h 08m	$3.7M	$185K	20x
Short	BingX MOVE-USDT	0.009179	0.0100	get 0.0050% / 4h	1h 08m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.019%: $6.86
Slippage, 4 orders: −$46.05
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$53.19
Costs to cover: 0.601%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; BingX: live order book, 5 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 MEXC live order book, 2 min ago	1.64 bp	10.8 bp −$11	52.5 bp −$525	184.8 bp −$18.5K	doesn't fit
Sell BingX live order book, 5 min ago	6.54 bp	22.4 bp −$22	94.9 bp −$949	557.4 bp −$55.7K	889.6 bp −$444.8K

MOVE on 14 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
Bybit MOVEUSDT	−0.0501%	4h	0.009177	+0.065%	$1.9M	$558K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+1.516%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009181	+0.109%	$226K	$182K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009190	+0.207%	$11K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009174	+0.033%	$1.9M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009179	+0.087%	$936K	$824K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009170	−0.011%	$399K	$234K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009171	long leg	$3.7M	$185K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009170	−0.011%	$1.1M	$17K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009180	+0.098%	$829K	$321K	25x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDTshort	+0.0100%	4h	0.009179	+0.087%	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009173	+0.018%	$7K	$843	—	as long as short
BloFin MOVE-USDT	+0.0100%	4h	0.009167	−0.044%	$113K	$4K	75x	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009169	−0.021%	$11K	$190K	5x	as long as short