Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%

Price spread now: Extended against MEXC−0.082%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$830.832% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.082%, 7d avg −0.027%

Together, before fees+0.106%+ Points / potential airdropExtended: Active · farm board+$11 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: Extended is 0.056% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVE_USDT	0.009236	0.0100	pay 0.0050% / 4h	3h 23m	$3.7M	$214K	20x
Short	Extended MOVE-USD	0.009228	0.0104	get 0.0013% / 1h	23m 49s	$10K	$128K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0.84
Price spread: −0.082% → −0.027%: −$5.57
Slippage, 4 orders: −$74.2
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$87.93
Costs to cover: 0.832%
Break-even: 739.8 days

Slippage from MEXC: live order book, 3 min ago; Extended: live order book, 27 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, 3 min ago	0.54 bp	8.1 bp −$8	56.3 bp −$563	299.9 bp −$30.0K	doesn't fit
Sell Extended live order book, 27 min ago	2.16 bp	35.8 bp −$36	doesn't fit	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	−3.313%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009238	+0.022%	$231K	$200K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009235	−0.015%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009230	−0.065%	$1.9M	$630K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009229	−0.076%	$975K	$931K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009230	−0.065%	$413K	$264K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009236	long leg	$3.7M	$214K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009240	+0.043%	$1.1M	$27K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009235	−0.011%	$820K	$399K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009232	−0.043%	—	$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	0.009238	+0.025%	$6K	$1K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009228	−0.082%	$10K	$128K	5x
Aster MOVEUSDT	+0.0125%	4h	0.009223	−0.135%	$10K	$11K	5x	as long as short
BloFin MOVE-USDT	+0.0149%	4h	0.009234	−0.022%	$119K	$10K	75x	as long as short