Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.076%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1581.579% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now −0.076%, 7d avg +0.034%

Together, before fees−0.323%−$32 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 0.109% cheaper against Bitget than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009266	0.0100	pay 0.0050% / 4h	57m 37s	$823K	$416K	25x
Short	Bybit MOVEUSDT	0.009259	0.0100	get 0.0050% / 4h	57m 37s	$1.9M	$641K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.034%: −$10.94
Slippage, 4 orders: −$134.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$168.84
Costs to cover: 1.579%
Break-even: never at this rate

Slippage from Bitget: live order book, 63 min ago; Bybit: 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 Bitget live order book, 63 min ago	8.03 bp	33.6 bp −$34	274.7 bp −$2,747	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	10.78 bp	44.1 bp −$44	158.6 bp −$1,586	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	−3.626%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0098%	4h	0.009281	+0.162%	$122K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009249	−0.183%	$226K	$197K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009253	−0.140%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009259	−0.076%	$1.9M	$641K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009256	−0.108%	$978K	$991K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009250	−0.173%	$414K	$263K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009250	−0.173%	$3.7M	$209K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	+0.043%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDTlong	+0.0100%	4h	0.009266	long leg	$823K	$416K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009264	−0.022%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009283	+0.185%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009258	−0.089%	$10K	$126K	5x	as long as short
Aster MOVEUSDT	+0.0125%	4h	0.009277	+0.124%	$11K	$10K	5x	as long as short