Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0142%/8h= −15.5% APRpaid last 24h +0.072%

Price spread now: MEXC against Gate+0.085%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1781.783% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.085%, 7d avg +0.033%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.053% dearer against Gate than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.033%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009360	0.0100	pay 0.0100% / 8h	1h 28m	$425K	$342K	25x
Short	MEXC MOVE_USDT	0.009368	−0.0042	pay 0.0021% / 4h	1h 28m	$3.8M	$218K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$29.82
Price spread: +0.085% → +0.033%: $5.3
Slippage, 4 orders: −$159.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$202.84
Costs to cover: 1.783%
Break-even: never at this rate

Slippage from Gate: live order book, 52 min ago; MEXC: live order book, 4 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 Gate live order book, 52 min ago	5.34 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	3.21 bp	11.3 bp −$11	52.7 bp −$527	241.4 bp −$24.1K	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
Bybit MOVEUSDT	−0.0278%	4h	0.009358	−0.021%	$1.9M	$653K	25x	as long as short
BloFin MOVE-USDT	−0.0087%	4h	0.009360	0.000%	$120K	$12K	75x	as long as short
Binance MOVEUSDT	−0.0042%	4h	0.009364	+0.043%	$2.0M	$4.1M	25x	as long as short
MEXC MOVE_USDTshort	−0.0042%	4h	0.009368	+0.085%	$3.8M	$218K	20x
Aster MOVEUSDT	−0.0041%	4h	0.009360	0.000%	$12K	$10K	5x	as long as short
Extended MOVE-USD	−0.0040%	1h	0.009362	+0.023%	$10K	$143K	5x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009368	+0.085%	$230K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009360	0.000%	$987K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009360	long leg	$425K	$342K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	0.000%	$1.2M	$36K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009372	+0.128%	$847K	$421K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009355	−0.053%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009354	−0.066%	$6K	$2K	—	as long as short