Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h +0.098%

Price spread now: Aster against Gate+0.107%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.107% dearer against Gate than usual: you sell high and buy low (spread +0.107% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009350	0.0100	pay 0.0100% / 8h	1h 24m	$424K	$342K	25x
Short	Aster MOVEUSDT	0.009360	−0.0018	pay 0.0009% / 4h	1h 24m	$12K	$10K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Gate. 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 GatebpFee AsterbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$24.81
Price spread: +0.107% → 0.000%: $10.7
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.11
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 56 min ago; Aster: no order-book sample. Net counts fees only.

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 Gate live order book, 56 min ago	5.34 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit MOVEUSDT	−0.0229%	4h	0.009349	−0.011%	$1.9M	$653K	25x	as long as short
Aster MOVEUSDTshort	−0.0018%	4h	0.009360	+0.107%	$12K	$10K	5x
Extended MOVE-USD	+0.0024%	1h	0.009351	+0.007%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0025%	4h	0.009354	+0.043%	$120K	$12K	75x	as long as short
MEXC MOVE_USDT	+0.0026%	4h	0.009353	+0.032%	$3.8M	$218K	20x	as long as short
Binance MOVEUSDT	+0.0027%	4h	0.009355	+0.049%	$2.0M	$4.1M	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.492%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009354	+0.043%	$230K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009360	+0.107%	$985K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009350	long leg	$424K	$342K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	0.000%	$1.2M	$36K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009358	+0.086%	$845K	$421K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009355	+0.053%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009349	−0.012%	$6K	$2K	—	as long as short