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 0.000%

Price spread now: Gate against Bitget−0.213%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$262as in the Price arb table

costs, in and out, $10k−$2462.464% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.213%, 7d avg −0.053%

Together, before fees+0.204%+$20 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 0.161% cheaper against Bitget than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009370	0.0100	pay 0.0050% / 4h	1h 03m	$846K	$411K	25x
Short	Gate MOVE_USDT	0.009350	0.0100	get 0.0100% / 8h	1h 03m	$424K	$344K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.213%Rate

Funding earned: $0
Price spread: −0.213% → −0.053%: −$16.08
Slippage, 4 orders: −$219.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$262.47
Costs to cover: 2.464%
Break-even: never at this rate

Slippage from Bitget: live order book, 12 min ago; Gate: live order book, 12 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, 12 min ago	5.89 bp	31.9 bp −$32	251.3 bp −$2,513	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	10.71 bp	83.6 bp −$84	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
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.696%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0088%	4h	0.009353	−0.181%	$120K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009358	−0.128%	$231K	$208K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009360	−0.107%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009356	−0.149%	$2.0M	$4.1M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009350	−0.213%	$1.9M	$649K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009366	−0.043%	$986K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009350	−0.213%	$424K	$344K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009353	−0.181%	$3.8M	$220K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	−0.107%	$1.2M	$34K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDTlong	+0.0100%	4h	0.009370	long leg	$846K	$411K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009346	−0.256%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009354	−0.174%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009354	−0.169%	$10K	$143K	5x	as long as short