Funding you earn now, next payment 00:00 UTC−0.0327%/8h= −35.8% APRnext payment −$1.63 per $10,000 · paid last 24h +0.076%
Price spread now: Binance against Bitget−0.224%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$950.949% of the position
Funding, last 7 days−0.115%−$12 on $10k
+Price spread, last 4 days (all we have)+0.235%+$24 · spread now −0.224%, 7d avg −0.023%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Binance is 0.201% cheaper against Bitget than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.023%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.115% in total (about -6.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.63 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MOVEUSDT | 0.009383 | 0.0100 | pay 0.0050% / 4h | 1h 34m | $852K | $420K | 25x |
| Short | Binance MOVEUSDT | 0.009362 | −0.0227 | pay 0.0113% / 4h | 1h 34m | $2.0M | $4.1M | 25x |
Bitget MOVEUSDT
Binance MOVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.64
- Price spread: −0.224% → −0.023%
- −$20.12
- Slippage, 4 orders
- −$72.9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$183.66
- Costs to cover
- 0.949%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 46 min ago; Binance: live order book, 2 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 Bitget live order book, 46 min ago | 5.87 bp | 31.5 bp −$32 | 292.9 bp −$2,929 | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 2.13 bp | 24.0 bp −$24 | 147.8 bp −$1,478 | 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 | −0.0502% | 4h | 0.009360 | −0.245% | $1.9M | $652K | 25x | as long as short |
| Extended MOVE-USD | −0.0296% | 1h | 0.009370 | −0.136% | $10K | $143K | 5x | as long as short |
| MEXC MOVE_USDT | −0.0294% | 4h | 0.009361 | −0.234% | $3.8M | $218K | 20x | as long as short |
| BloFin MOVE-USDT | −0.0249% | 4h | 0.009387 | +0.043% | $120K | $12K | 75x | as long as short |
| Binance MOVEUSDTshort | −0.0227% | 4h | 0.009362 | −0.224% | $2.0M | $4.1M | 25x | |
| Aster MOVEUSDT | −0.0141% | 4h | 0.009398 | +0.160% | $12K | $10K | 5x | as long as short |
| Injective MOVE/USDC PERP | +0.0033% | 1h | 0.008930 | −4.828% | $722 | $21K | 12x | as long as short |
| Hyperliquid MOVE | +0.0100% | 1h | 0.009361 | −0.234% | $230K | $209K | 3x | as long as short |
| OKX MOVE-USDT-SWAP | +0.0100% | 4h | 0.009361 | −0.234% | $988K | $1.0M | 20x | as long as short |
| Gate MOVE_USDT | +0.0100% | 8h | 0.009360 | −0.245% | $422K | $340K | 25x | as long as short |
Bybit MOVEUSDT
Extended MOVE-USD
MEXC MOVE_USDT
BloFin MOVE-USDT
Aster MOVEUSDT
Injective MOVE/USDC PERP
Hyperliquid MOVE
OKX MOVE-USDT-SWAP
Gate MOVE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MOVEUSDTM | +0.0100% | 4h | 0.009360 | −0.245% | $1.2M | $37K | 25x | as long as short |
| Bitget MOVEUSDTlong | +0.0100% | 4h | 0.009383 | long leg | $852K | $420K | 25x | |
| BingX MOVE-USDT | +0.0100% | 4h | 0.009362 | −0.224% | — | $6.5M | — | as long as short |
| Variational Omni MOVE | +0.0100% | 4h | 0.009384 | +0.010% | $6K | $2K | — | as long as short |
KuCoin MOVEUSDTM
BingX MOVE-USDT
Variational Omni MOVE