Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.064%

Price spread now: BloFin against Gate+0.021%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1961.955% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.348%+$35 · spread now +0.021%, 7d avg +0.053%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.032% cheaper against Gate than usual: you would sell low and buy high (spread +0.021% now, against its 7-day average of +0.053%). If the spread goes back, that is −$3 on $10k: about 3.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.

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	5h 44m	$417K	$275K	25x
Short	BloFin MOVE-USDT	0.009332	0.0132	get 0.0066% / 4h	1h 44m	$122K	$10K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $6.79
Price spread: +0.021% → +0.053%: −$3.18
Slippage, 4 orders: −$168.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$191.93
Costs to cover: 1.955%
Break-even: 204.9 days

Slippage from Gate: live order book, 16 min ago; BloFin: live order book, 66 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, 16 min ago	10.72 bp	71.9 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 66 min ago	3.74 bp	23.3 bp −$23	doesn't fit	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
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.287%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009337	+0.075%	$228K	$200K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009320	−0.105%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009335	+0.054%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009331	+0.011%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009344	+0.150%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009330	long leg	$417K	$275K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009342	+0.129%	$3.8M	$211K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009320	−0.107%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009324	−0.064%	$828K	$420K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009319	−0.118%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009318	−0.125%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009339	+0.099%	$10K	$125K	5x	as long as short
BloFin MOVE-USDTshort	+0.0132%	4h	0.009332	+0.021%	$122K	$10K	75x