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 0.000%

Price spread now: Bitget against OKX+0.150%7-day average −0.030% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.150%, 7d avg −0.030%

Together, before fees−0.107%−$11 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: Bitget is 0.180% dearer against OKX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009331	0.0100	pay 0.0050% / 4h	2h 40m	$981K	$1.0M	20x
Short	Bitget MOVEUSDT	0.009345	0.0100	get 0.0050% / 4h	2h 40m	$848K	$425K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → −0.030%: $17.98
Slippage, 4 orders: −$84.59
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$88.62
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Bitget: live order book, 44 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, just now	1.61 bp	36.9 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 44 min ago	3.21 bp	19.8 bp −$20	190.8 bp −$1,908	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	−0.0470%	4h	0.009330	−0.011%	$1.9M	$660K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.298%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009338	+0.075%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009307	−0.252%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009332	+0.011%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009331	long leg	$981K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009330	−0.011%	$421K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009333	+0.021%	$3.8M	$229K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	−0.011%	$1.1M	$38K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009345	+0.150%	$848K	$425K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009352	+0.225%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009345	+0.151%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009337	+0.068%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0126%	4h	0.009345	+0.150%	$122K	$12K	75x	as long as short