Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.131%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1511.512% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 7 days+0.245%+$24 · spread now −0.131%, 7d avg +0.039%

Together, before fees+0.095%+$10 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 0.170% cheaper against OKX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009157	0.0100	pay 0.0050% / 4h	2h 40m	$971K	$934K	20x
Short	Bybit MOVEUSDT	0.009145	0.0100	get 0.0050% / 4h	2h 40m	$1.9M	$640K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.131%Rate

Funding earned: $0
Price spread: −0.131% → +0.039%: −$16.97
Slippage, 4 orders: −$130.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$168.17
Costs to cover: 1.512%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bybit: live order book, 6 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, 5 min ago	2.17 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	5.41 bp	43.8 bp −$44	171.0 bp −$1,710	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	−2.479%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009162	+0.055%	$228K	$200K	3x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009145	−0.131%	$1.9M	$640K	25x
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009157	long leg	$971K	$934K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009140	−0.186%	$405K	$265K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009140	−0.186%	$1.1M	$27K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009144	−0.142%	$812K	$400K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009174	+0.181%	$6K	$1K	—	as long as short
BloFin MOVE-USDT	+0.0141%	4h	0.009171	+0.153%	$119K	$10K	75x	as long as short
Extended MOVE-USD	+0.0176%	1h	0.009148	−0.102%	$10K	$163K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.0176%	4h	0.009153	−0.044%	$3.7M	$214K	20x	as long as short
Binance MOVEUSDT	+0.0176%	4h	0.009157	0.000%	$2.0M	$4.3M	25x	as long as short
Aster MOVEUSDT	+0.0196%	4h	0.009115	−0.462%	$10K	$11K	5x	as long as short
BingX MOVE-USDT	+0.0294%	4h	0.009130	−0.295%	—	$6.5M	—	as long as short