Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate0.000%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2622.622% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now 0.000%, 7d avg +0.088%

Together, before fees−0.300%−$30 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: Bybit is 0.088% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009270	0.0100	pay 0.0100% / 8h	4h 05m	$415K	$266K	25x
Short	Bybit MOVEUSDT	0.009270	0.0100	get 0.0050% / 4h	5m 26s	$1.9M	$641K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.088%: −$8.83
Slippage, 4 orders: −$236.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$271.04
Costs to cover: 2.622%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; Bybit: live order book, 1 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, 50 min ago	10.78 bp	67.5 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.40 bp	42.6 bp −$43	159.2 bp −$1,592	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	−3.668%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0066%	4h	0.009289	+0.205%	$120K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009279	+0.097%	$227K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009283	+0.141%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009278	+0.086%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009270	0.000%	$1.9M	$641K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009270	0.000%	$980K	$985K	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009270	long leg	$415K	$266K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009272	+0.022%	$3.8M	$215K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009280	+0.108%	$1.1M	$26K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009282	+0.129%	$826K	$420K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009277	+0.076%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	−0.071%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009272	+0.025%	$10K	$123K	5x	as long as short