Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.059%

Price spread now: BingX against Gate+0.011%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2262.256% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.011%, 7d avg +0.065%

Together, before fees+0.080%+$8 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: BingX is 0.054% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.065%.

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 09s	$424K	$342K	25x
Short	BingX MOVE-USDT	0.009361	0.0100	get 0.0050% / 4h	37m 09s	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → +0.065%: −$5.4
Slippage, 4 orders: −$200.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$230.98
Costs to cover: 2.256%
Break-even: never at this rate

Slippage from Gate: live order book, 38 min ago; BingX: 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 BingX live order book, 14 min ago	4.24 bp	18.1 bp −$18	85.7 bp −$857	625.3 bp −$62.5K	1009.2 bp −$504.6K

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
Extended MOVE-USD	+0.0024%	1h	0.009354	−0.066%	$10K	$143K	5x	as long as short
MEXC MOVE_USDT	+0.0024%	4h	0.009356	−0.043%	$3.8M	$212K	20x	as long as short
Binance MOVEUSDT	+0.0025%	4h	0.009356	−0.043%	$2.0M	$4.2M	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0075%	4h	0.009360	0.000%	$121K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009356	−0.043%	$230K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009359	−0.015%	$12K	$10K	5x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009361	+0.011%	$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-USDTshort	+0.0100%	4h	0.009361	+0.011%	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009374	+0.148%	$6K	$1K	—	as long as short