Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.072%

Price spread now: OKX against MEXC+0.097%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on MEXC Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.097%, 7d avg +0.015%

Together, before fees−0.067%−$7 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: OKX is 0.082% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MOVE_USDT	0.009288	0.0100	pay 0.0050% / 4h	1h 05m	$3.8M	$213K	20x
Short	OKX MOVE-USDT-SWAP	0.009297	0.0100	get 0.0050% / 4h	1h 05m	$982K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.015%: $8.15
Slippage, 4 orders: −$73.78
Fee MEXC: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.62
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; OKX: live order book, 1 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	3.22 bp	11.2 bp −$11	53.0 bp −$530	290.4 bp −$29.0K	doesn't fit
Sell OKX live order book, 1 min ago	2.69 bp	34.1 bp −$34	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
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−3.854%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009296	+0.086%	$227K	$196K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009292	+0.043%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009293	+0.054%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009297	+0.097%	$982K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009300	+0.129%	$416K	$279K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009288	long leg	$3.8M	$213K	20x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009300	+0.129%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009299	+0.118%	$826K	$417K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009293	+0.054%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009293	+0.056%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009290	+0.018%	$10K	$126K	5x	as long as short
BloFin MOVE-USDT	+0.0152%	4h	0.009291	+0.032%	$122K	$10K	75x	as long as short
Aster MOVEUSDT	+0.0200%	4h	0.009303	+0.165%	$12K	$10K	5x	as long as short