Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h +0.076%

Price spread now: Binance against Gate−0.084%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$239as in the Price arb table

costs, in and out, $10k−$2272.273% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.084%, 7d avg +0.031%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.115% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009360	0.0100	pay 0.0100% / 8h	37m 37s	$424K	$342K	25x
Short	Binance MOVEUSDT	0.009352	0.0025	get 0.0012% / 4h	37m 37s	$2.0M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.084%Rate

Funding earned: −$15.76
Price spread: −0.084% → +0.031%: −$11.52
Slippage, 4 orders: −$202.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$254.6
Costs to cover: 2.273%
Break-even: never at this rate

Slippage from Gate: live order book, 38 min ago; Binance: live order book, 14 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 Gate live order book, 38 min ago	10.71 bp	103.7 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.53 bp	16.0 bp −$16	129.2 bp −$1,292	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
Bybit MOVEUSDT	−0.0247%	4h	0.009360	0.000%	$1.9M	$661K	25x	as long as short
MEXC MOVE_USDT	−0.0012%	4h	0.009352	−0.085%	$3.8M	$212K	20x	as long as short
BloFin MOVE-USDT	+0.0008%	4h	0.009356	−0.043%	$121K	$12K	75x	as long as short
Extended MOVE-USD	+0.0024%	1h	0.009350	−0.102%	$10K	$143K	5x	as long as short
Binance MOVEUSDTshort	+0.0025%	4h	0.009352	−0.084%	$2.0M	$4.1M	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009350	−0.107%	$230K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009349	−0.121%	$12K	$10K	5x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009372	+0.128%	$991K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009360	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	0.009340	−0.214%	$1.1M	$31K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009347	−0.139%	$836K	$411K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009365	+0.053%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009374	+0.148%	$6K	$1K	—	as long as short