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 −0.072%

Price spread now: Bybit against MEXC+0.021%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1221.223% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 7 days+0.077%+$8 · spread now +0.021%, 7d avg +0.058%

Together, before fees−0.014%−$1 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: Bybit is 0.037% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVE_USDT	0.009338	0.0100	pay 0.0050% / 4h	1h 11m	$3.8M	$212K	20x
Short	Bybit MOVEUSDT	0.009340	0.0100	get 0.0050% / 4h	1h 11m	$1.9M	$647K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.058%: −$3.7
Slippage, 4 orders: −$107.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$126.02
Costs to cover: 1.223%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: 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, 1 min ago	2.68 bp	11.5 bp −$11	68.4 bp −$684	230.5 bp −$23.0K	doesn't fit
Sell Bybit live order book, 5 min ago	5.34 bp	49.0 bp −$49	165.1 bp −$1,651	doesn't fit	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	−4.369%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009344	+0.064%	$228K	$197K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009342	+0.046%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009340	+0.021%	$1.9M	$647K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009354	+0.171%	$988K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009320	−0.193%	$417K	$278K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009338	long leg	$3.8M	$212K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009320	−0.193%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009343	+0.054%	$830K	$417K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009347	+0.096%	—	$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	0.009353	+0.163%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009335	−0.032%	$10K	$126K	5x	as long as short
BloFin MOVE-USDT	+0.0117%	4h	0.009339	+0.011%	$122K	$10K	75x	as long as short
Aster MOVEUSDT	+0.0182%	4h	0.009323	−0.164%	$12K	$10K	5x	as long as short