Funding arb · Price arb /

MOVE

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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 OKX−0.266%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2472.468% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now −0.266%, 7d avg −0.084%

Together, before fees+0.226%+$23 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 0.183% cheaper against OKX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009385	0.0100	pay 0.0050% / 4h	11m 52s	$991K	$1.0M	20x
Short	Gate MOVE_USDT	0.009360	0.0100	get 0.0100% / 8h	11m 52s	$423K	$344K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.266%Rate

Funding earned: $0
Price spread: −0.266% → −0.084%: −$18.26
Slippage, 4 orders: −$221.84
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$265.1
Costs to cover: 2.468%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 64 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, 4 min ago	2.13 bp	28.1 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 64 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	−4.848%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009378	−0.075%	$231K	$206K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.490%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009378	−0.071%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009377	−0.085%	$1.9M	$663K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009385	long leg	$991K	$1.0M	20x
Gate MOVE_USDTshort	+0.0100%	8h	0.009360	−0.266%	$423K	$344K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009376	−0.096%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	−0.160%	$1.2M	$30K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009387	+0.021%	$839K	$408K	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	0.009384	−0.011%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009384	−0.014%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009378	−0.075%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0134%	4h	0.009378	−0.075%	$121K	$11K	75x	as long as short