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 +0.088%

Price spread now: MEXC against OKX−0.065%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days+0.151%+$15 · spread now −0.065%, 7d avg −0.020%

Together, before fees+0.185%+$18 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: MEXC is 0.045% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009243	0.0100	pay 0.0050% / 4h	1h 49m	$951K	$836K	20x
Short	MEXC MOVE_USDT	0.009237	0.0100	get 0.0050% / 4h	1h 49m	$3.7M	$181K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.020%: −$4.47
Slippage, 4 orders: −$64.96
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$83.43
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from OKX: live order book, 60 min ago; MEXC: live order book, 1 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 OKX live order book, 60 min ago	4.33 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.16 bp	9.3 bp −$9	41.6 bp −$416	195.5 bp −$19.5K	doesn't fit

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	−0.0399%	4h	0.009243	0.000%	$1.9M	$555K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+0.725%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009239	−0.043%	$228K	$184K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009240	−0.032%	$11K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009237	−0.065%	$1.9M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009243	long leg	$951K	$836K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009240	−0.032%	$403K	$224K	25x	as long as short
MEXC MOVE_USDTshort	+0.0100%	4h	0.009237	−0.065%	$3.7M	$181K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009240	−0.032%	$1.1M	$18K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009243	0.000%	$844K	$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	0.009234	−0.097%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009243	−0.004%	$7K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009234	−0.100%	$12K	$189K	5x	as long as short
BloFin MOVE-USDT	+0.0113%	4h	0.009238	−0.054%	$115K	$4K	75x	as long as short