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 −0.076%

Price spread now: OKX against Binance+0.010%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.010%, 7d avg +0.052%

Together, before fees+0.028%+$3 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: OKX is 0.042% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009339	0.0100	pay 0.0050% / 4h	2h 51m	$2.0M	$4.1M	25x
Short	OKX MOVE-USDT-SWAP	0.009340	0.0100	get 0.0050% / 4h	2h 51m	$982K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.052%: −$4.22
Slippage, 4 orders: −$80.28
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$104.5
Costs to cover: 1.003%
Break-even: never at this rate

Slippage from Binance: live order book, 16 min ago; OKX: live order book, 5 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, 16 min ago	2.67 bp	17.5 bp −$18	114.4 bp −$1,144	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.14 bp	39.0 bp −$39	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	−0.0865%	4h	0.009336	−0.033%	$1.9M	$671K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.381%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0050%	4h	0.009333	−0.065%	$122K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009344	+0.052%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009305	−0.362%	$11K	$12K	5x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009339	long leg	$2.0M	$4.1M	25x
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009340	+0.010%	$982K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009330	−0.097%	$421K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009338	−0.012%	$3.8M	$228K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009320	−0.205%	$1.1M	$39K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009340	+0.010%	$848K	$424K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009323	−0.172%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009325	−0.151%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009338	−0.013%	$10K	$143K	5x	as long as short