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 0.000%

Price spread now: Bitget against Gate+0.225%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$167as in the Price arb table

costs, in and out, $10k−$1841.839% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.225%, 7d avg +0.052%

Together, before fees−0.208%−$21 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: Bitget is 0.173% dearer against Gate than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009330	0.0100	pay 0.0100% / 8h	2h 42m	$421K	$337K	25x
Short	Bitget MOVEUSDT	0.009351	0.0100	get 0.0050% / 4h	2h 42m	$849K	$425K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.225%Rate

Funding earned: $0
Price spread: +0.225% → +0.052%: $17.29
Slippage, 4 orders: −$156.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$166.56
Costs to cover: 1.839%
Break-even: never at this rate

Slippage from Gate: live order book, 42 min ago; Bitget: live order book, 43 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, 42 min ago	5.36 bp	73.5 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 43 min ago	3.21 bp	19.8 bp −$20	190.8 bp −$1,908	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	−0.0508%	4h	0.009327	−0.032%	$1.9M	$661K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.287%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0045%	4h	0.009343	+0.139%	$122K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009346	+0.171%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009296	−0.360%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009341	+0.118%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009343	+0.139%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009330	long leg	$421K	$337K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009342	+0.129%	$3.8M	$228K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009320	−0.107%	$1.1M	$38K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDTshort	+0.0100%	4h	0.009351	+0.225%	$849K	$425K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009361	+0.332%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009345	+0.161%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009341	+0.116%	$10K	$143K	5x	as long as short