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% APRpaid last 24h −0.059%

Price spread now: Gate against BingX+0.032%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$188as in the Price arb table

costs, in and out, $10k−$1971.975% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.032%, 7d avg −0.064%

Together, before fees−0.143%−$14 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: Gate is 0.096% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009377	0.0100	pay 0.0050% / 4h	2h 18m	—	$6.5M	—
Short	Gate MOVE_USDT	0.009380	0.0100	get 0.0100% / 8h	2h 18m	$423K	$337K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.064%: $9.58
Slippage, 4 orders: −$172.46
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$187.87
Costs to cover: 1.975%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	4.27 bp	18.7 bp −$19	74.8 bp −$748	607.0 bp −$60.7K	981.0 bp −$490.5K
Sell Gate live order book, 2 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	−0.0328%	4h	0.009380	+0.032%	$2.0M	$655K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.767%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009379	+0.021%	$229K	$209K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009385	+0.088%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009384	+0.075%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009385	+0.085%	$987K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009380	+0.032%	$423K	$337K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009383	+0.064%	$3.8M	$233K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009380	+0.032%	$1.2M	$38K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009379	+0.021%	$851K	$423K	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	0.009377	long leg	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009384	+0.080%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009377	−0.001%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0159%	4h	0.009394	+0.181%	$122K	$12K	75x	as long as short