MOVR arbitrage explained
Right now Moonriver (MOVR) trades on 8 venues we scan: 7 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $1.89 and the highest bid on MEXC spot at $1.89.
The widest MOVR perpetual spread is between Bybit and Binance: long MOVR on Bybit at $1.89 and short on Binance at $1.89 for 0.00% gross, or -0.16% 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 -0.006% 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 Binance and short the perpetual on Binance: -0.16% gross, -0.36% net, with +0.024% a day of funding on the short leg.
Spot–spot MOVR arbitrage (buy on Binance, withdraw, deposit and sell on MEXC) shows -0.07% 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.