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 −0.059%

Price spread now: Gate against BingX−0.011%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1961.959% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.011%, 7d avg −0.063%

Together, before fees−0.070%−$7 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 0.052% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009361	0.0100	pay 0.0050% / 4h	1h 35m	—	$6.5M	—
Short	Gate MOVE_USDT	0.009360	0.0100	get 0.0100% / 8h	1h 35m	$423K	$339K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.063%: $5.2
Slippage, 4 orders: −$170.91
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$190.72
Costs to cover: 1.959%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Gate: live order book, 45 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, 15 min ago	4.28 bp	18.8 bp −$19	92.1 bp −$921	633.1 bp −$63.3K	1043.3 bp −$521.6K
Sell Gate live order book, 45 min ago	5.34 bp	73.5 bp −$74	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
Bybit MOVEUSDT	−0.0563%	4h	0.009372	+0.118%	$1.9M	$652K	25x	as long as short
Extended MOVE-USD	−0.0296%	1h	0.009382	+0.228%	$10K	$143K	5x	as long as short
Binance MOVEUSDT	−0.0294%	4h	0.009379	+0.192%	$2.0M	$4.1M	25x	as long as short
MEXC MOVE_USDT	−0.0294%	4h	0.009376	+0.160%	$3.8M	$217K	20x	as long as short
BloFin MOVE-USDT	−0.0285%	4h	0.009410	+0.523%	$120K	$12K	75x	as long as short
Aster MOVEUSDT	−0.0174%	4h	0.009398	+0.395%	$12K	$10K	5x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.604%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009374	+0.139%	$230K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009378	+0.182%	$988K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009360	−0.011%	$423K	$339K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.118%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009389	+0.299%	$853K	$420K	25x	as long as short
BingX MOVE-USDTlong	+0.0100%	4h	0.009361	long leg	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009424	+0.672%	$6K	$2K	—	as long as short