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

MOVE

all MOVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0316%/8h= +34.6% APRnext payment +$1.58 per $10,000 · paid last 24h +0.059%
Price spread now: BingX against Bybit+0.128%7-day average −0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$1131.132% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.361%+$36 on $10k
Price spread, last 7 days−0.304%−$30 · spread now +0.128%, 7d avg −0.044%
Together, before fees+0.056%+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.172% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MOVEUSDT0.009340−0.0216get 0.0108% / 4h34m 54s$1.9M$663K25x
ShortBingX MOVE-USDT0.0093520.0100get 0.0050% / 4h34m 54s$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$66.31
Price spread: +0.128% → −0.044%
$17.2
Slippage, 4 orders
−$92.19
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BingX: 5 bp × 2 orders
−$10
Net
−$29.68
Costs to cover
1.132%
Break-even
10.1 days
Slippage from Bybit: live order book, 2 min ago; BingX: live order book, 16 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, 2 min ago5.34 bp42.3 bp −$42158.8 bp −$1,588doesn't fitdoesn't fit
Sell BingX live order book, 16 min ago4.24 bp18.1 bp −$1885.7 bp −$857625.3 bp −$62.5K1009.2 bp −$504.6K

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
Bybit MOVEUSDTlong−0.0216%4h0.009340long leg$1.9M$663K25x
Injective MOVE/USDC PERP+0.0033%1h0.008930−4.390%$722$21K12xas long as short
MEXC MOVE_USDT+0.0058%4h0.0093400.000%$3.8M$212K20xas long as short
BloFin MOVE-USDT+0.0064%4h0.009348+0.086%$121K$12K75xas long as short
Extended MOVE-USD+0.0088%1h0.009337−0.030%$10K$143K5xas long as short
Binance MOVEUSDT+0.0090%4h0.009342+0.025%$2.0M$4.1M25xas long as short
Hyperliquid MOVE+0.0100%1h0.009342+0.021%$230K$205K3xas long as short
Aster MOVEUSDT+0.0100%4h0.009347+0.076%$12K$10K5xas long as short
OKX MOVE-USDT-SWAP+0.0100%4h0.009351+0.118%$990K$1.0M20xas long as short
Gate MOVE_USDT+0.0100%8h0.009350+0.107%$422K$343K25xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MOVEUSDTM+0.0100%4h0.0093400.000%$1.1M$31K25xas long as short
Bitget MOVEUSDT+0.0100%4h0.009346+0.064%$836K$410K25xas long as short
BingX MOVE-USDTshort+0.0100%4h0.009352+0.128%$6.5M
Variational Omni MOVE+0.0100%4h0.009359+0.203%$6K$1Kas long as short