MOVR arbitrage explained
Right now Moonriver (MOVR) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $1.97 and the highest bid on KuCoin spot at $1.99.
The widest MOVR perpetual spread is between Variational and Binance: long MOVR on Variational at $1.97 and short on Binance at $1.98 for +0.48% gross, or +0.32% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.168% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MOVR route is to buy spot on Gate and short the perpetual on Binance: -0.15% gross, -0.35% net, with -0.182% a day of funding on the short leg.
Spot–spot MOVR arbitrage (buy on Gate, withdraw, deposit and sell on KuCoin) shows +0.27% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small MOVR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: MOVR funding rates · MOVR spread charts · Moonriver price · arbitrage scanner for all coins.