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% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit−0.140%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$206as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2322.321% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now −0.140%, 7d avg −0.088%

Together, before fees+0.440%+$44 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 0.052% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MOVEUSDT	0.009283	0.0100	pay 0.0050% / 4h	31m 47s	$1.9M	$641K	25x
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 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 GatebpOrdersPrice spread, now −0.140%Rate

Funding earned: $0
Price spread: −0.140% → −0.088%: −$5.18
Slippage, 4 orders: −$206.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$237.28
Costs to cover: 2.321%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	10.83 bp	27.4 bp −$27	178.4 bp −$1,784	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	−3.803%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009283	0.000%	$227K	$195K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009259	−0.254%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009292	+0.092%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009283	long leg	$1.9M	$641K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009292	+0.097%	$980K	$992K	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009270	−0.140%	$415K	$264K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009289	+0.065%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	−0.140%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009251	−0.345%	$819K	$417K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009265	−0.194%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009228	−0.588%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009285	+0.025%	$10K	$123K	5x	as long as short
BloFin MOVE-USDT	+0.0149%	4h	0.009269	−0.151%	$121K	$10K	75x	as long as short