Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.1277%/8h= +139.8% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.162%7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$291as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$3113.105% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.162%, 7d avg −0.088%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Gate is 0.250% dearer against Bybit than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.088%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.196% in total (about 10.2% 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	Bybit MOVEUSDT	0.009255	−0.1177	get 0.0588% / 4h	3h 55m	$1.9M	$624K	25x
Short	Gate MOVE_USDT	0.009270	0.0100	get 0.0100% / 8h	7h 55m	$409K	$241K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.162%Rate

Funding earned: $268.17
Price spread: +0.162% → −0.088%: $24.99
Slippage, 4 orders: −$284.54
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$17.39
Costs to cover: 3.105%
Break-even: 7.5 days

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 40 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	5.40 bp	56.0 bp −$56	168.1 bp −$1,681	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	5.39 bp	69.6 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
Bybit MOVEUSDTlong	−0.1177%	4h	0.009255	long leg	$1.9M	$624K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+0.594%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009250	−0.054%	$229K	$207K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009257	+0.022%	$966K	$922K	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009270	+0.162%	$409K	$241K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	+0.162%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009268	+0.140%	$847K	$377K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	+0.092%	$7K	$2K	—	as long as short
BingX MOVE-USDT	+0.1018%	4h	0.009259	+0.043%	—	$6.5M	—	as long as short
Extended MOVE-USD	+0.1072%	1h	0.009246	−0.093%	$12K	$188K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.1075%	4h	0.009247	−0.089%	$2.0M	$4.4M	25x	as long as short
MEXC MOVE_USDT	+0.1112%	4h	0.009247	−0.086%	$3.7M	$213K	20x	as long as short
BloFin MOVE-USDT	+0.1132%	4h	0.009256	+0.011%	$116K	$4K	75x	as long as short
Aster MOVEUSDT	+0.1381%	4h	0.009296	+0.439%	$11K	$10K	5x	as long as short