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 Gate perp at $1.93 and the highest bid on Bitget spot at $1.93.
The widest MOVR perpetual spread is between Gate and Variational: long MOVR on Gate at $1.93 and short on Variational at $1.93 for +0.11% gross, or -0.05% 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 +0.050% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MOVR route is to buy spot on Binance and short the perpetual on Variational: +0.00% gross, -0.20% net, with -0.083% a day of funding on the short leg.
Spot–spot MOVR arbitrage (buy on Binance, withdraw, deposit and sell on Bitget) shows +0.05% 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.