Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.076%

Price spread now: Binance against OKX−0.134%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$960.956% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.134%, 7d avg −0.053%

Together, before fees−0.025%−$2 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: Binance is 0.081% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009354	0.0100	pay 0.0050% / 4h	33m 24s	$990K	$1.0M	20x
Short	Binance MOVEUSDT	0.009341	0.0100	get 0.0050% / 4h	33m 24s	$2.0M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.053%: −$8.13
Slippage, 4 orders: −$75.64
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$103.77
Costs to cover: 0.956%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Binance: live order book, 4 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 OKX live order book, 3 min ago	1.60 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.54 bp	24.8 bp −$25	146.1 bp −$1,461	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	−0.0192%	4h	0.009336	−0.192%	$1.9M	$665K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.533%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0064%	4h	0.009348	−0.064%	$121K	$12K	75x	as long as short
Extended MOVE-USD	+0.0088%	1h	0.009339	−0.155%	$10K	$143K	5x	as long as short
MEXC MOVE_USDT	+0.0088%	4h	0.009342	−0.128%	$3.8M	$212K	20x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009346	−0.086%	$230K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.160%	$12K	$10K	5x	as long as short
Binance MOVEUSDTshort	+0.0100%	4h	0.009341	−0.134%	$2.0M	$4.1M	25x
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009354	long leg	$990K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.150%	$422K	$343K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009340	−0.150%	$1.1M	$31K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009347	−0.075%	$836K	$410K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009344	−0.107%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009359	+0.053%	$6K	$1K	—	as long as short