Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.092%

Price spread now: MEXC against Injective+5.073%55s7-day average — · you sell dearer than you buy

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

Long on Injective Short on MEXC

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 5.073% dearer against Injective than usual: you sell high and buy low: +$507 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	Injective MOVE/USDC PERP	0.008930	0.0033	pay 0.0004% / 1h	36m 28s	$722	$21K	12x
Short	MEXC MOVE_USDT	0.009383	0.0100	get 0.0050% / 4h	3h 36m	$3.8M	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +5.073%Rate

Funding earned: $14
Price spread: +5.073% → 0.000%: $507.28
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $517.26
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	3.20 bp	14.4 bp −$14	73.9 bp −$739	319.9 bp −$32.0K	doesn't fit

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 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 PERPlong	+0.0033%	1h	0.008930	long leg	$722	$21K	12x
BloFin MOVE-USDT	+0.0067%	4h	0.009376	+4.994%	$121K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009382	+5.062%	$230K	$204K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009384	+5.080%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009384	+5.084%	$1.9M	$662K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009385	+5.095%	$989K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	+4.927%	$423K	$328K	25x	as long as short
MEXC MOVE_USDTshort	+0.0100%	4h	0.009383	+5.073%	$3.8M	$212K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	+4.927%	$1.2M	$27K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009382	+5.062%	$830K	$429K	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	0.009379	+5.028%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009389	+5.135%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009383	+5.071%	$12K	$142K	5x	as long as short
Aster MOVEUSDT	+0.0296%	4h	0.009382	+5.061%	$12K	$10K	5x	as long as short