Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.072%

Price spread now: Bitget against MEXC+0.159%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$770.772% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.159%, 7d avg +0.020%

Together, before fees−0.083%−$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: Bitget is 0.139% dearer against MEXC than usual: you sell high and buy low, +$14 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	MEXC MOVE_USDT	0.009410	0.0100	pay 0.0050% / 4h	49m 57s	$3.8M	$209K	20x
Short	Bitget MOVEUSDT	0.009425	0.0100	get 0.0050% / 4h	49m 57s	$851K	$405K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.020%: $13.9
Slippage, 4 orders: −$61.23
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$63.34
Costs to cover: 0.772%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: live order book, 26 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 MEXC live order book, 2 min ago	1.59 bp	8.0 bp −$8	68.5 bp −$685	232.2 bp −$23.2K	doesn't fit
Sell Bitget live order book, 26 min ago	5.89 bp	27.2 bp −$27	263.6 bp −$2,636	doesn't fit	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	−0.0024%	4h	0.009419	+0.096%	$2.0M	$655K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−5.101%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0046%	4h	0.009433	+0.244%	$120K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009407	−0.032%	$232K	$206K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009477	+0.716%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009412	+0.021%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009405	−0.053%	$993K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009420	+0.106%	$427K	$340K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009410	long leg	$3.8M	$209K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009420	+0.106%	$1.2M	$32K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDTshort	+0.0100%	4h	0.009425	+0.159%	$851K	$405K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009425	+0.159%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009429	+0.200%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009412	+0.017%	$10K	$143K	5x	as long as short