Settings8H · net · $10k
Funding arb · Price arb /

MOVE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.074%
Price spread now: Binance against Bitget+0.017%7-day average −0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$1021.024% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.060%−$6 on $10k
Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.017%, 7d avg −0.023%
Together, before fees−0.077%−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Binance is 0.040% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.023%. Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MOVEUSDT0.0091600.0100pay 0.0050% / 4h2h 32m$828K$409K25x
ShortBinance MOVEUSDT0.0091620.0164get 0.0082% / 4h2h 32m$2.0M$4.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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

Funding earned
$13.42
Price spread: +0.017% → −0.023%
$3.96
Slippage, 4 orders
−$80.44
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$85.06
Costs to cover
1.024%
Break-even
51.4 days
Slippage from Bitget: live order book, 13 min ago; Binance: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 13 min ago7.04 bp31.7 bp −$32259.0 bp −$2,590doesn't fitdoesn't fit
Sell Binance live order book, 4 min ago1.09 bp18.4 bp −$18109.8 bp −$1,098doesn't fitdoesn't fit

MOVE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MOVE/USDC PERP+0.0033%1h0.008930−2.511%$722$21K12xas long as short
Hyperliquid MOVE+0.0100%1h0.009165+0.055%$229K$200K3xas long as short
Bybit MOVEUSDT+0.0100%4h0.009146−0.153%$1.9M$638K25xas long as short
OKX MOVE-USDT-SWAP+0.0100%4h0.0091600.000%$970K$932K20xas long as short
Gate MOVE_USDT+0.0100%8h0.0091600.000%$407K$267K25xas long as short
KuCoin MOVEUSDTM+0.0100%4h0.009140−0.218%$1.1M$27K25xas long as short
Bitget MOVEUSDTlong+0.0100%4h0.009160long leg$828K$409K25x
Variational Omni MOVE+0.0100%4h0.009194+0.367%$6K$1Kas long as short
Binance MOVEUSDTshort+0.0164%4h0.009162+0.017%$2.0M$4.3M25x
MEXC MOVE_USDT+0.0196%4h0.0091600.000%$3.7M$215K20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended MOVE-USD+0.0200%1h0.009133−0.289%$9K$163K5xas long as short
BingX MOVE-USDT+0.0212%4h0.009152−0.087%$6.5Mas long as short
Aster MOVEUSDT+0.0224%4h0.009124−0.398%$10K$11K5xas long as short
BloFin MOVE-USDT+0.0246%4h0.009151−0.098%$119K$10K75xas long as short