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+0.0136%/8h= +14.9% APRnext payment +$0.68 per $10,000 · paid last 24h +0.074%
Price spread now: Binance against Bybit−0.027%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$1261.258% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 7 days−0.010%−$1 · spread now −0.027%, 7d avg −0.056%
Together, before fees+0.074%+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.029% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.056%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MOVEUSDT0.0092270.0100pay 0.0050% / 4h2h 43m$1.9M$636K25x
ShortBinance MOVEUSDT0.0092250.0236get 0.0118% / 4h2h 43m$2.0M$4.3M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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
$28.55
Price spread: −0.027% → −0.056%
$2.93
Slippage, 4 orders
−$104.8
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Binance: 5 bp × 2 orders
−$10
Net
−$94.32
Costs to cover
1.258%
Break-even
30.1 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 9 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 Bybit live order book, 3 min ago5.41 bp44.6 bp −$45169.0 bp −$1,690doesn't fitdoesn't fit
Sell Binance live order book, 9 min ago3.24 bp17.2 bp −$1788.4 bp −$884doesn'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%1h0.008930−3.219%$722$21K12xas long as short
Hyperliquid MOVE+0.0100%1h0.009228+0.011%$230K$198K3xas long as short
Bybit MOVEUSDTlong+0.0100%4h0.009227long leg$1.9M$636K25x
OKX MOVE-USDT-SWAP+0.0100%4h0.009223−0.043%$978K$940K20xas long as short
Gate MOVE_USDT+0.0100%8h0.009240+0.141%$410K$264K25xas long as short
KuCoin MOVEUSDTM+0.0100%4h0.009240+0.141%$1.1M$27K25xas long as short
Bitget MOVEUSDT+0.0100%4h0.009226−0.011%$819K$400K25xas long as short
Variational Omni MOVE+0.0100%4h0.009233+0.069%$6K$1Kas long as short
BloFin MOVE-USDT+0.0193%4h0.009230+0.033%$118K$10K75xas long as short
Extended MOVE-USD+0.0232%1h0.009224−0.031%$10K$163K5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MOVEUSDTshort+0.0236%4h0.009225−0.027%$2.0M$4.3M25x
MEXC MOVE_USDT+0.0292%4h0.009226−0.011%$3.7M$214K20xas long as short
Aster MOVEUSDT+0.0306%4h0.009230+0.034%$10K$11K5xas long as short
BingX MOVE-USDT+0.0392%4h0.009225−0.022%$6.5Mas long as short