Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.064%

Price spread now: Gate against BloFin−0.215%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$1951.946% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now −0.215%, 7d avg −0.050%

Together, before fees+0.223%+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.166% cheaper against BloFin than usual: you would sell low and buy high (spread −0.215% now, against its 7-day average of −0.050%). If the spread goes back, that is −$17 on $10k: about 27 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.170% in total) that is about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MOVE-USDT	0.009290	0.0080	pay 0.0040% / 4h	31m 13s	$121K	$10K	75x
Short	Gate MOVE_USDT	0.009270	0.0100	get 0.0100% / 8h	4h 31m	$415K	$264K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.215%Rate

Funding earned: $4.3
Price spread: −0.215% → −0.050%: −$16.57
Slippage, 4 orders: −$167.56
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$206.83
Costs to cover: 1.946%
Break-even: 343.9 days

Slippage from BloFin: live order book, 65 min ago; Gate: live order book, 24 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 BloFin live order book, 65 min ago	2.14 bp	11.6 bp −$12	58.8 bp −$588	doesn't fit	doesn't fit
Sell Gate live order book, 24 min ago	10.78 bp	97.4 bp −$97	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	−3.875%	$722	$21K	12x	as long as short
BloFin MOVE-USDTlong	+0.0080%	4h	0.009290	long leg	$121K	$10K	75x
Hyperliquid MOVE	+0.0100%	1h	0.009287	−0.032%	$227K	$195K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009265	−0.274%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009289	−0.010%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009286	−0.043%	$1.9M	$641K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009290	0.000%	$980K	$992K	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009270	−0.215%	$415K	$264K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009287	−0.032%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	−0.215%	$1.1M	$26K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009251	−0.420%	$819K	$417K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009284	−0.065%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009228	−0.663%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009286	−0.041%	$10K	$123K	5x	as long as short