Funding arb · Price arb /

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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: Gate against Hyperliquid−0.234%7-day average −0.059% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.234%, 7d avg −0.059%

Together, before fees+0.172%+ Points / potential airdropHyperliquid: Season 2 · farm board+$17 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: Gate is 0.175% cheaper against Hyperliquid than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009392	0.0100	pay 0.0013% / 1h	16m 38s	$231K	$206K	3x
Short	Gate MOVE_USDT	0.009370	0.0100	get 0.0100% / 8h	16m 38s	$424K	$344K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee GatebpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → −0.059%: −$17.52
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.52
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 43 min ago; Gate: live order book, 59 min ago. Net counts fees only.

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 Hyperliquid live order book, 43 min ago	0.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	10.71 bp	83.6 bp −$84	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	−4.919%	$722	$21K	12x	as long as short
Bybit MOVEUSDT	+0.0053%	4h	0.009380	−0.128%	$1.9M	$669K	25x	as long as short
BloFin MOVE-USDT	+0.0068%	4h	0.009382	−0.106%	$121K	$11K	75x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009392	long leg	$231K	$206K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.564%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009390	−0.025%	$2.0M	$4.2M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009391	−0.011%	$992K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009370	−0.234%	$424K	$344K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009389	−0.032%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	−0.234%	$1.2M	$30K	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	0.009396	+0.043%	$840K	$409K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009387	−0.053%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009389	−0.035%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009385	−0.076%	$10K	$143K	5x	as long as short