MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0894%/8h= +97.9% APRnext payment +$4.47 per $10,000 · paid last 24h +0.088%

Price spread now: MEXC against Bybit−0.248%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1281.282% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 7 days+0.188%+$19 · spread now −0.248%, 7d avg −0.055%

Together, before fees+0.335%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.192% cheaper against Bybit than usual: you would sell low and buy high (spread −0.248% now, against its 7-day average of −0.055%). If the spread goes back, that is −$19 on $10k: about 17 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.148% in total) that is about 9.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MOVEUSDT	0.009285	0.0100	pay 0.0050% / 4h	2h 54m	$1.9M	$573K	25x
Short	MEXC MOVE_USDT	0.009262	0.0994	get 0.0497% / 4h	2h 54m	$3.7M	$197K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.248%Rate

Funding earned: $187.74
Price spread: −0.248% → −0.055%: −$19.22
Slippage, 4 orders: −$113.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: $40.29
Costs to cover: 1.282%
Break-even: 5.5 days

Slippage from Bybit: live order book, 2 min ago; MEXC: live order book, 2 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 Bybit live order book, 2 min ago	5.37 bp	53.1 bp −$53	170.8 bp −$1,708	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.61 bp	11.1 bp −$11	65.3 bp −$653	306.0 bp −$30.6K	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	0.009310	+0.269%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009254	−0.334%	$229K	$188K	3x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009285	long leg	$1.9M	$573K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009253	−0.345%	$958K	$880K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	−0.162%	$408K	$219K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009280	−0.054%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009286	+0.011%	$851K	$351K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009313	+0.304%	$7K	$1K	—	as long as short
BloFin MOVE-USDT	+0.0911%	4h	0.009325	+0.431%	$115K	$4K	75x	as long as short
Extended MOVE-USD	+0.0968%	1h	0.009258	−0.293%	$11K	$190K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.0968%	4h	0.009255	−0.326%	$2.0M	$4.2M	25x	as long as short
MEXC MOVE_USDTshort	+0.0994%	4h	0.009262	−0.248%	$3.7M	$197K	20x
BingX MOVE-USDT	+0.1090%	4h	0.009277	−0.086%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.1503%	4h	0.009275	−0.109%	$11K	$10K	5x	as long as short