Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.076%

Price spread now: Bitget against Binance+0.085%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1071.074% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$9 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.085%, 7d avg +0.024%

Together, before fees+0.091%+$9 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: Bitget is 0.061% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009358	0.0100	pay 0.0050% / 4h	1h 18m	$2.1M	$4.2M	25x
Short	Bitget MOVEUSDT	0.009366	0.0100	get 0.0050% / 4h	1h 18m	$832K	$417K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.024%: $6.14
Slippage, 4 orders: −$85.39
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$101.25
Costs to cover: 1.074%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 42 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, 3 min ago	0.53 bp	17.1 bp −$17	144.1 bp −$1,441	doesn't fit	doesn't fit
Sell Bitget live order book, 42 min ago	8.03 bp	29.4 bp −$29	255.2 bp −$2,552	doesn't fit	doesn't fit

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	−4.574%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009364	+0.064%	$228K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.200%	$12K	$10K	5x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009358	long leg	$2.1M	$4.2M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009350	−0.085%	$1.9M	$648K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009360	+0.021%	$991K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.192%	$417K	$278K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009366	+0.085%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.085%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009366	+0.085%	$832K	$417K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009355	−0.032%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009363	+0.056%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009355	−0.027%	$10K	$121K	5x	as long as short
BloFin MOVE-USDT	+0.0147%	4h	0.009368	+0.107%	$121K	$10K	75x	as long as short