Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.061%

Price spread now: Gate against Extended+0.036%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$228as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2292.293% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.036%, 7d avg −0.004%

Together, before fees−0.036%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.040% dearer against Extended than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.004%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009327	0.0208	pay 0.0026% / 1h	11m 26s	$10K	$121K	5x
Short	Gate MOVE_USDT	0.009330	0.0100	get 0.0100% / 8h	6h 11m	$420K	$289K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$22.68
Price spread: +0.036% → −0.004%: $3.96
Slippage, 4 orders: −$209.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$247.98
Costs to cover: 2.293%
Break-even: never at this rate

Slippage from Extended: live order book, 54 min ago; Gate: 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 Extended live order book, 54 min ago	3.19 bp	37.2 bp −$37	253.5 bp −$2,535	doesn't fit	doesn't fit
Sell Gate live order book, 54 min ago	10.62 bp	62.0 bp −$62	doesn't fit	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	−4.253%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009325	−0.018%	$228K	$207K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009321	−0.061%	$1.9M	$659K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009332	+0.057%	$981K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009330	+0.036%	$420K	$289K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	+0.036%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009328	+0.014%	$828K	$425K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009333	+0.071%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.0172%	4h	0.009322	−0.050%	—	$6.5M	—	as long as short
MEXC MOVE_USDT	+0.0204%	4h	0.009323	−0.039%	$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	−0.072%	$2.0M	$4.2M	25x	as long as short
Extended MOVE-USDlong	+0.0208%	1h	0.009327	long leg	$10K	$121K	5x
Aster MOVEUSDT	+0.0620%	4h	0.009325	−0.018%	$12K	$10K	5x	as long as short