Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.072%

Price spread now: MEXC against Hyperliquid+0.021%7-day average −0.026% · you sell dearer than you buy

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

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now +0.021%, 7d avg −0.026%

Together, before fees+0.077%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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 0.048% dearer against Hyperliquid than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009337	0.0100	pay 0.0013% / 1h	39m 49s	$228K	$197K	3x
Short	MEXC MOVE_USDT	0.009339	0.0100	get 0.0050% / 4h	1h 39m	$3.8M	$211K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.026%: $4.76
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$8.24
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 59 min ago; MEXC: live order book, 7 min ago. 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 Hyperliquid live order book, 59 min ago	0.54 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	3.76 bp	12.8 bp −$13	73.4 bp −$734	330.3 bp −$33.0K	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	−4.359%	$722	$21K	12x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009337	long leg	$228K	$197K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009335	−0.020%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009339	+0.021%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009340	+0.032%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009346	+0.096%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	+0.032%	$418K	$275K	25x	as long as short
MEXC MOVE_USDTshort	+0.0100%	4h	0.009339	+0.021%	$3.8M	$211K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.139%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009342	+0.054%	$830K	$420K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009359	+0.236%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009338	+0.013%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009336	−0.006%	$10K	$125K	5x	as long as short
BloFin MOVE-USDT	+0.0144%	4h	0.009358	+0.225%	$121K	$10K	75x	as long as short