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 −0.017%

Price spread now: BingX against Binance+0.093%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.255%+$26 on $10k

Price spread, last 7 days−0.107%−$11 · spread now +0.093%, 7d avg +0.019%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.074% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009366	0.0100	pay 0.0050% / 4h	2h 16m	$2.0M	$4.1M	25x
Short	BingX MOVE-USDT	0.009375	0.0100	get 0.0050% / 4h	2h 16m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → +0.019%: $7.44
Slippage, 4 orders: −$60.39
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$72.95
Costs to cover: 0.804%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; BingX: live order book, 4 min ago.

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 Binance live order book, 6 min ago	1.60 bp	20.7 bp −$21	179.3 bp −$1,793	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	4.27 bp	23.9 bp −$24	132.0 bp −$1,320	641.6 bp −$64.2K	978.3 bp −$489.2K

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
Bybit MOVEUSDT	−0.0285%	4h	0.009374	+0.082%	$2.0M	$654K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.658%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009364	−0.024%	$229K	$210K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009384	+0.186%	$11K	$12K	5x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009366	long leg	$2.0M	$4.1M	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009366	−0.003%	$985K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	+0.040%	$422K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009369	+0.029%	$3.8M	$233K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009380	+0.146%	$1.2M	$38K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009374	+0.082%	$850K	$423K	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	0.009375	+0.093%	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009384	+0.194%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009365	−0.013%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0143%	4h	0.009378	+0.125%	$121K	$12K	75x	as long as short