Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.060%

Price spread now: BingX against Bybit+0.011%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1331.328% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.011%, 7d avg −0.040%

Together, before fees+0.184%+$18 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 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MOVEUSDT	0.009286	0.0100	pay 0.0050% / 4h	3h 50m	$1.9M	$638K	25x
Short	BingX MOVE-USDT	0.009287	0.0100	get 0.0050% / 4h	3h 50m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $0
Price spread: +0.011% → −0.040%: $5.08
Slippage, 4 orders: −$111.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$127.74
Costs to cover: 1.328%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; BingX: live order book, 1 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 Bybit live order book, 1 min ago	10.76 bp	51.9 bp −$52	223.2 bp −$2,232	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.84 bp	20.2 bp −$20	85.5 bp −$855	643.4 bp −$64.3K	1041.2 bp −$520.6K

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	−3.834%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0061%	4h	0.009298	+0.129%	$120K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009280	−0.065%	$228K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009290	+0.047%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009288	+0.016%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009286	long leg	$1.9M	$638K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009285	−0.011%	$983K	$980K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009280	−0.065%	$415K	$264K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009288	+0.022%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009290	+0.043%	$1.1M	$27K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009286	0.000%	$827K	$415K	25x	as long as short
BingX MOVE-USDTshort	+0.0100%	4h	0.009287	+0.011%	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009288	+0.026%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009285	−0.013%	$14K	$127K	5x	as long as short