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 −0.059%

Price spread now: Bitget against BingX−0.203%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$880.882% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.203%, 7d avg −0.012%

Together, before fees+0.109%+$11 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 0.191% cheaper against BingX than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009354	0.0100	pay 0.0050% / 4h	1h 57m	—	$6.5M	—
Short	Bitget MOVEUSDT	0.009335	0.0100	get 0.0050% / 4h	1h 57m	$847K	$423K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.203%Rate

Funding earned: $0
Price spread: −0.203% → −0.012%: −$19.15
Slippage, 4 orders: −$66.16
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107.31
Costs to cover: 0.882%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Bitget: live order book, 23 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 BingX live order book, 8 min ago	4.82 bp	16.5 bp −$16	64.6 bp −$646	633.2 bp −$63.3K	1076.6 bp −$538.3K
Sell Bitget live order book, 23 min ago	5.87 bp	22.2 bp −$22	259.0 bp −$2,590	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	−0.0514%	4h	0.009352	−0.021%	$1.9M	$654K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.533%	$722	$21K	12x	as long as short
Aster MOVEUSDT	+0.0075%	4h	0.009389	+0.371%	$11K	$12K	5x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009332	−0.235%	$227K	$209K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009331	−0.247%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009322	−0.342%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.150%	$420K	$336K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009330	−0.257%	$3.8M	$216K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009340	−0.150%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009335	−0.203%	$847K	$423K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDTlong	+0.0100%	4h	0.009354	long leg	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009325	−0.314%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009329	−0.264%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0136%	4h	0.009326	−0.299%	$122K	$12K	75x	as long as short