MOVE Funding Rate — live across 9 venues

Perpetual funding · compared across 9 venues · net of estimated fees · updated every few minutes

Live annualized MOVE perpetual funding across all 9 venues Perpia tracks. Right now MOVE funding is positive on 8 and negative on 1, ranging from +10.9% on MEXC to -33.8% on Hyperliquid — a spread of 44.8%. The widest delta-neutral trade is long Hyperliquid / short MEXC at 39.0% net APR.

9venues

8paying positive

44.8%funding spread

Best MOVE spread now

39.0%

net APR after fees

LongHyperliquid↗→ShortMEXC↗

size depends on live venue depth — see the real cap in the scanner

MOVE funding trend & liquidity

168h of history

44.8%current gross APR

19.5%24h average

-0.9%7-day average

$316Kpair OI · lower leg

$108K24h volume · lower leg

Averages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.

MOVE · Hyperliquid → MEXC — no history

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Build a route

any two of the 9 venues

Long (pays you)every 1hShort (you collect)every 4h

Gross spread+44.8%+$12.27 / day on $10,000

Widest routes

This is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.

Venues: pick the two legs

sorted by rate · 9 venues

Venue	Funding APR ↓	Interval
MEXC↗short	+10.9%	every 4h
BingX↗	+10.9%	every 4h
OKX↗	+10.9%	every 4h
Binance↗	+10.9%	every 4h
Bybit↗	+10.9%	every 4h
Bitget↗	+10.9%	every 4h
Gate.io↗	+10.9%	every 8h
KuCoin↗	+10.9%	every 4h
below — these venues pay the longs: this is the leg you buy
Hyperliquid↗long	−33.8%	every 1h

Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Hyperliquid vs MEXC page. 8 pairs scanned for MOVE.

MOVE arbitrage — 30-day backtest

long Hyperliquid · short MEXC

-9.2%backtested APR

−$76historical net P&L on $10,000

0.99%max drawdown

$10,000$9,924

30 days agostarting capital $10,000today

Over the last 30 days, holding long Hyperliquid / short MEXC would have produced -9.2% APR — versus the 39.0% the live spread implies right now (equity $10,000 → $9,924). This is a backtest on historical funding, not a live result: funding drifts and decays, so backtested results rarely match the current headline rate — which is why size and holding window matter more than the top-line number.

Open full interactive backtest →

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MOVE — FAQ

Is MOVE funding positive right now?

MOVE perpetual funding is positive on 8 of 9 venues Perpia tracks and negative on 1. The highest is +10.9% on MEXC; the lowest is -33.8% on Hyperliquid.

What is the best MOVE funding arbitrage right now?

Go long Hyperliquid and short MEXC for about 39.0% net APR after fees — the widest delta-neutral MOVE spread Perpia currently sees.

Which exchange has the highest MOVE funding rate?

MEXC, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.

How MOVE funding arbitrage works

Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.

Markets related to MOVE

also quoted on both Hyperliquid and MEXC

The same two exchanges you would already have funded for the MOVE trade. Every spread between them is on the Hyperliquid vs MEXC page.

Open the live scanner →All funding rates Funding by exchange How we calculate this