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: Bitget against Bybit+0.075%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1661.664% of the position

Long on Bybit Short on Bitget

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)−0.115%−$12 · spread now +0.075%, 7d avg −0.033%

Together, before fees+0.074%+$7 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: Bitget is 0.108% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MOVEUSDT	0.009321	0.0100	pay 0.0050% / 4h	2h 11m	$1.9M	$659K	25x
Short	Bitget MOVEUSDT	0.009328	0.0100	get 0.0050% / 4h	2h 11m	$828K	$425K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → −0.033%: $10.81
Slippage, 4 orders: −$143.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$155.63
Costs to cover: 1.664%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 54 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 Bybit live order book, 5 min ago	5.36 bp	53.7 bp −$54	177.1 bp −$1,771	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	6.90 bp	27.3 bp −$27	218.7 bp −$2,187	doesn't fit	doesn't fit

MOVE on 13 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	−4.195%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009325	+0.043%	$228K	$207K	3x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009321	long leg	$1.9M	$659K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009332	+0.118%	$981K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009330	+0.097%	$420K	$289K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	+0.097%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009328	+0.075%	$828K	$425K	25x
Variational Omni MOVE	+0.0100%	4h	0.009333	+0.132%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.0172%	4h	0.009322	+0.011%	—	$6.5M	—	as long as short
MEXC MOVE_USDT	+0.0204%	4h	0.009323	+0.021%	$3.8M	$219K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.0205%	4h	0.009320	−0.011%	$2.0M	$4.2M	25x	as long as short
Extended MOVE-USD	+0.0208%	1h	0.009327	+0.061%	$10K	$121K	5x	as long as short
Aster MOVEUSDT	+0.0620%	4h	0.009325	+0.043%	$12K	$10K	5x	as long as short