Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h −0.076%

Price spread now: Gate against Binance+0.212%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1981.979% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.212%, 7d avg −0.030%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.242% dearer against Binance than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of −0.030%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.168% in total (about 8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009430	−0.0140	get 0.0070% / 4h	1h 41m	$2.0M	$4.1M	25x
Short	Gate MOVE_USDT	0.009450	0.0100	get 0.0100% / 8h	1h 41m	$427K	$338K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.212%Rate

Funding earned: $50.39
Price spread: +0.212% → −0.030%: $24.22
Slippage, 4 orders: −$172.91
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$123.3
Costs to cover: 1.979%
Break-even: 24.1 days

Slippage from Binance: live order book, 10 min ago; Gate: live order book, 39 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, 10 min ago	2.68 bp	21.9 bp −$22	147.9 bp −$1,479	doesn't fit	doesn't fit
Sell Gate live order book, 39 min ago	5.34 bp	73.5 bp −$74	doesn't fit	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
Bybit MOVEUSDT	−0.0515%	4h	0.009444	+0.148%	$2.0M	$657K	25x	as long as short
Aster MOVEUSDT	−0.0198%	4h	0.009484	+0.576%	$11K	$10K	5x	as long as short
BloFin MOVE-USDT	−0.0151%	4h	0.009405	−0.265%	$121K	$12K	75x	as long as short
Binance MOVEUSDTlong	−0.0140%	4h	0.009430	long leg	$2.0M	$4.1M	25x
Extended MOVE-USD	−0.0128%	1h	0.009418	−0.124%	$10K	$143K	5x	as long as short
MEXC MOVE_USDT	−0.0128%	4h	0.009423	−0.074%	$3.8M	$217K	20x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−5.302%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009427	−0.032%	$232K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009426	−0.042%	$993K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009450	+0.212%	$427K	$338K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009450	+0.212%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009429	−0.011%	$857K	$421K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009451	+0.223%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009364	−0.699%	$6K	$2K	—	as long as short