Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h −0.072%

Price spread now: Gate against MEXC+0.021%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as 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 MEXC Short on Gate

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)−0.152%−$15 · spread now +0.021%, 7d avg −0.033%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.054% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVE_USDT	0.009358	−0.0070	get 0.0035% / 4h	1h 29m	$3.8M	$218K	20x
Short	Gate MOVE_USDT	0.009360	0.0100	get 0.0100% / 8h	1h 29m	$425K	$342K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.021%Rate

Funding earned: $35.7
Price spread: +0.021% → −0.033%: $5.39
Slippage, 4 orders: −$159.31
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$137.23
Costs to cover: 1.783%
Break-even: 33.9 days

Slippage from MEXC: live order book, 3 min ago; Gate: live order book, 51 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, 3 min ago	3.21 bp	12.1 bp −$12	71.7 bp −$717	305.3 bp −$30.5K	doesn't fit
Sell Gate live order book, 51 min ago	5.34 bp	73.5 bp −$74	doesn't fit	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	−0.0325%	4h	0.009354	−0.043%	$1.9M	$653K	25x	as long as short
BloFin MOVE-USDT	−0.0087%	4h	0.009360	+0.021%	$120K	$12K	75x	as long as short
MEXC MOVE_USDTlong	−0.0070%	4h	0.009358	long leg	$3.8M	$218K	20x
Aster MOVEUSDT	−0.0055%	4h	0.009369	+0.121%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	−0.0042%	4h	0.009357	−0.010%	$2.0M	$4.1M	25x	as long as short
Extended MOVE-USD	−0.0040%	1h	0.009354	−0.043%	$10K	$143K	5x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.574%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009365	+0.075%	$230K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009366	+0.085%	$986K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009360	+0.021%	$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	0.009350	−0.085%	$1.2M	$36K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009363	+0.053%	$846K	$422K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009356	−0.021%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009354	−0.045%	$6K	$2K	—	as long as short