Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.060%

Price spread now: BingX against Bitget+0.159%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$980.983% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$13 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.159%, 7d avg +0.009%

Together, before fees−0.047%−$5 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: BingX is 0.150% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009437	0.0100	pay 0.0050% / 4h	3h 10m	$841K	$423K	25x
Short	BingX MOVE-USDT	0.009452	0.0100	get 0.0050% / 4h	3h 10m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.009%: $14.99
Slippage, 4 orders: −$76.35
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$83.35
Costs to cover: 0.983%
Break-even: never at this rate

Slippage from Bitget: live order book, 60 min ago; BingX: live order book, 10 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, 60 min ago	5.86 bp	23.0 bp −$23	244.3 bp −$2,443	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	5.86 bp	25.2 bp −$25	100.5 bp −$1,005	598.3 bp −$59.8K	946.2 bp −$473.1K

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	−5.372%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009443	+0.064%	$233K	$206K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009442	+0.057%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009440	+0.032%	$2.0M	$662K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009458	+0.223%	$995K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009440	+0.032%	$424K	$330K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009444	+0.074%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	−0.074%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDTlong	+0.0100%	4h	0.009437	long leg	$841K	$423K	25x
BingX MOVE-USDTshort	+0.0100%	4h	0.009452	+0.159%	—	$6.5M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009443	+0.068%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009440	+0.034%	$10K	$118K	5x	as long as short
BloFin MOVE-USDT	+0.0115%	4h	0.009433	−0.042%	$121K	$11K	75x	as long as short
Aster MOVEUSDT	+0.0384%	4h	0.009430	−0.076%	$12K	$10K	5x	as long as short