Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0335%/8hpaid last 24h −0.037%

Price spread now: Gate against BloFin−0.022%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$161as in the Price arb table

costs, in and out, $10k−$1651.649% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.214%+$21 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now −0.022%, 7d avg −0.058%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.037% dearer against BloFin than usual: you sell high and buy low (spread −0.022% now, against its 7-day average of −0.058%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.214%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.214% in total (about 11.2% a year). A funding rate is set anew for every payment. 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	BloFin MOVE-USDT	0.009272	0.0435	pay 0.0217% / 4h	7m 05s	$122K	$12K	75x
Short	Gate MOVE_USDT	0.009270	0.0100	get 0.0100% / 8h	4h 07m	$418K	$329K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: −$70.3
Price spread: −0.022% → −0.058%: $3.66
Slippage, 4 orders: −$137.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$231.59
Costs to cover: 1.649%
Break-even: never at this rate

Slippage from BloFin: live order book, 17 min ago; Gate: live order book, 22 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 BloFin live order book, 17 min ago	3.76 bp	18.2 bp −$18	71.2 bp −$712	doesn't fit	doesn't fit
Sell Gate live order book, 22 min ago	5.40 bp	69.8 bp −$70	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	−3.689%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009274	+0.022%	$225K	$211K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009271	−0.011%	$1.9M	$672K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009281	+0.097%	$979K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009270	−0.022%	$418K	$329K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	−0.022%	$1.1M	$42K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009289	+0.183%	$840K	$413K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009285	+0.140%	$6K	$2K	—	as long as short
Aster MOVEUSDT	+0.0395%	4h	0.009251	−0.225%	$11K	$12K	5x	as long as short
MEXC MOVE_USDT	+0.0396%	4h	0.009271	−0.011%	$3.8M	$243K	20x	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	+0.0396%	4h	0.009281	+0.097%	—	$6.5M	—	as long as short
BloFin MOVE-USDTlong	+0.0435%	4h	0.009272	long leg	$122K	$12K	75x
Extended MOVE-USD	+0.0440%	1h	0.009272	−0.001%	$10K	$143K	5x	as long as short
Binance MOVEUSDT	+0.0442%	4h	0.009273	+0.009%	$2.0M	$4.1M	25x	as long as short