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: OKX against BingX+0.075%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$970.972% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.075%, 7d avg +0.019%

Together, before fees−0.126%−$13 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 0.056% dearer against BingX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009347	0.0100	pay 0.0050% / 4h	32m 22s	—	$6.5M	—
Short	OKX MOVE-USDT-SWAP	0.009354	0.0100	get 0.0050% / 4h	32m 22s	$990K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → +0.019%: $5.58
Slippage, 4 orders: −$77.19
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$91.61
Costs to cover: 0.972%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	4.28 bp	18.4 bp −$18	122.3 bp −$1,223	631.1 bp −$63.1K	975.8 bp −$487.9K
Sell OKX live order book, 4 min ago	1.60 bp	30.6 bp −$31	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	−0.0206%	4h	0.009362	+0.160%	$1.9M	$664K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.461%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009346	−0.011%	$230K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009389	+0.449%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009342	−0.052%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009354	+0.075%	$990K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009360	+0.139%	$423K	$343K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009342	−0.053%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+0.139%	$1.2M	$31K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009349	+0.021%	$836K	$410K	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	0.009347	long leg	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009359	+0.128%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009355	+0.084%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0128%	4h	0.009338	−0.096%	$121K	$12K	75x	as long as short