Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.119%

Price spread now: Injective against MEXC+0.725%85s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.725% dearer against MEXC than usual: you sell high and buy low (spread +0.725% now, against zero (this spread has no 7-day history yet)): +$72 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 days. The two prices were read 85 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	MEXC MOVE_USDT	0.009243	0.0100	pay 0.0050% / 4h	1h 53m	$3.7M	$180K	20x
Short	Injective MOVE/USDC PERP	0.009310	0.0033	get 0.0004% / 1h	53m 52s	$753	$100	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.725%Rate

Funding earned: −$14
Price spread: +0.725% → 0.000%: $72.49
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $54.47
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.

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	0.54 bp	7.9 bp −$8	46.6 bp −$466	296.3 bp −$29.6K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0127%	4h	0.009250	+0.076%	$1.9M	$556K	25x	as long as short
Injective MOVE/USDC PERPshort	+0.0033%	1h	0.009310	+0.725%	$753	$100	12x
BloFin MOVE-USDT	+0.0072%	4h	0.009264	+0.227%	$115K	$4K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009253	+0.108%	$228K	$184K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009248	+0.054%	$1.9M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009249	+0.065%	$952K	$848K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009250	+0.076%	$404K	$222K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009243	long leg	$3.7M	$180K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009250	+0.076%	$1.1M	$18K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009267	+0.260%	$846K	$330K	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-USDT	+0.0100%	4h	0.009253	+0.108%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	+0.212%	$7K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009240	−0.031%	$12K	$189K	5x	as long as short
Aster MOVEUSDT	+0.0147%	4h	0.009280	+0.400%	$11K	$11K	5x	as long as short