Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against Gate−0.041%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2562.563% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.041%, 7d avg +0.004%

Together, before fees+0.050%+ Points / potential airdropExtended: Active · farm board+$5 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: Extended is 0.046% 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 +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009370	0.0100	pay 0.0100% / 8h	1h 02m	$425K	$344K	25x
Short	Extended MOVE-USD	0.009366	0.0104	get 0.0013% / 1h	2m 02s	$10K	$143K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0.84
Price spread: −0.041% → +0.004%: −$4.56
Slippage, 4 orders: −$236.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$259.97
Costs to cover: 2.563%
Break-even: 2173.4 days

Slippage from Gate: live order book, 13 min ago; Extended: live order book, 13 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, 13 min ago	10.71 bp	103.7 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 13 min ago	2.14 bp	33.8 bp −$34	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	−4.696%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009367	−0.032%	$231K	$208K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009390	+0.215%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009363	−0.075%	$2.0M	$4.1M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009369	−0.011%	$1.9M	$648K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009373	+0.032%	$987K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009370	long leg	$425K	$344K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009366	−0.043%	$3.8M	$220K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	0.000%	$1.2M	$34K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009371	+0.011%	$846K	$411K	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	0.009370	0.000%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009354	−0.174%	$6K	$2K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009366	−0.041%	$10K	$143K	5x
BloFin MOVE-USDT	+0.0122%	4h	0.009363	−0.075%	$120K	$12K	75x	as long as short