Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.075%

Price spread now: Bitget against BingX−0.065%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.065%, 7d avg −0.004%

Together, before fees−0.058%−$6 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 0.060% cheaper against BingX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009268	0.0100	pay 0.0050% / 4h	1h 57m	—	$6.5M	—
Short	Bitget MOVEUSDT	0.009262	0.0100	get 0.0050% / 4h	1h 57m	$846K	$331K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against BingX. 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 BingXbpFee BitgetbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.004%: −$6.05
Slippage, 4 orders: −$74.64
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$102.69
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Bitget: live order book, 51 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 BingX live order book, 6 min ago	7.01 bp	25.1 bp −$25	81.4 bp −$814	592.8 bp −$59.3K	959.6 bp −$479.8K
Sell Bitget live order book, 51 min ago	6.49 bp	32.7 bp −$33	164.6 bp −$1,646	doesn't fit	doesn't fit

MOVE on 14 exchanges

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	−0.0079%	4h	0.009270	+0.022%	$1.9M	$558K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+0.453%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009257	−0.119%	$228K	$185K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009259	−0.097%	$1.9M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009268	0.000%	$953K	$853K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	+0.022%	$406K	$222K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009260	−0.086%	$3.7M	$180K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009260	−0.086%	$1.1M	$18K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009262	−0.065%	$846K	$331K	25x
BingX MOVE-USDTlong	+0.0100%	4h	0.009268	long leg	—	$6.5M	—

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009263	−0.056%	$7K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009258	−0.112%	$12K	$189K	5x	as long as short
BloFin MOVE-USDT	+0.0108%	4h	0.009269	+0.011%	$115K	$4K	75x	as long as short
Aster MOVEUSDT	+0.0245%	4h	0.009280	+0.129%	$11K	$11K	5x	as long as short