Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.039%

Price spread now: BingX against Aster−0.214%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.214% cheaper against Aster than usual: you would sell low and buy high, −$21 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster MOVEUSDT	0.009390	0.0100	pay 0.0050% / 4h	1h 02m	$12K	$10K	5x
Short	BingX MOVE-USDT	0.009370	0.0100	get 0.0050% / 4h	1h 02m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Aster. 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 AsterbpFee BingXbpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → 0.000%: −$21.42
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$39.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; BingX: live order book, 13 min ago. Net counts fees only.

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 Aster no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	1.07 bp	13.2 bp −$13	73.7 bp −$737	584.9 bp −$58.5K	989.7 bp −$494.8K

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−4.900%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009363	−0.289%	$231K	$208K	3x	as long as short
Aster MOVEUSDTlong	+0.0100%	4h	0.009390	long leg	$12K	$10K	5x
Binance MOVEUSDT	+0.0100%	4h	0.009361	−0.308%	$2.0M	$4.1M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009369	−0.225%	$1.9M	$648K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009373	−0.182%	$987K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	−0.214%	$425K	$344K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009359	−0.331%	$3.8M	$220K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	−0.214%	$1.2M	$34K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009371	−0.204%	$846K	$411K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDTshort	+0.0100%	4h	0.009370	−0.214%	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009354	−0.387%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009366	−0.255%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0122%	4h	0.009363	−0.289%	$120K	$12K	75x	as long as short