Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.060%

Price spread now: Bybit against BingX−0.022%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1451.446% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 7 days+0.100%+$10 · spread now −0.022%, 7d avg +0.040%

Together, before fees−0.173%−$17 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: Bybit is 0.062% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009272	0.0100	pay 0.0050% / 4h	3h 35m	—	$6.5M	—
Short	Bybit MOVEUSDT	0.009270	0.0100	get 0.0050% / 4h	3h 35m	$1.9M	$636K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.040%: −$6.16
Slippage, 4 orders: −$123.65
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$150.8
Costs to cover: 1.446%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Bybit: live order book, 6 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, 15 min ago	4.84 bp	20.1 bp −$20	85.3 bp −$853	606.7 bp −$60.7K	993.9 bp −$497.0K
Sell Bybit live order book, 6 min ago	5.40 bp	44.3 bp −$44	162.8 bp −$1,628	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	−3.689%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009262	−0.108%	$229K	$197K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009282	+0.103%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009271	−0.011%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009270	−0.022%	$1.9M	$636K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009265	−0.075%	$979K	$936K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	−0.022%	$414K	$264K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009266	−0.065%	$3.7M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	−0.022%	$1.1M	$27K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009276	+0.043%	$826K	$399K	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-USDTlong	+0.0100%	4h	0.009272	long leg	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009263	−0.093%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009265	−0.080%	$10K	$128K	5x	as long as short
BloFin MOVE-USDT	+0.0113%	4h	0.009278	+0.065%	$120K	$10K	75x	as long as short