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 0.000%

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

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1551.550% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 7 days−0.123%−$12 · spread now −0.011%, 7d avg −0.040%

Together, before fees+0.026%+$3 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: OKX is 0.029% dearer against Bybit than usual: you sell high and buy low, +$3 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	0.009230	0.0100	pay 0.0050% / 4h	3h 23m	$1.9M	$630K	25x
Short	OKX MOVE-USDT-SWAP	0.009229	0.0100	get 0.0050% / 4h	3h 23m	$975K	$931K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.040%: $2.88
Slippage, 4 orders: −$133.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$152.09
Costs to cover: 1.550%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; OKX: live order book, 28 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, 3 min ago	10.82 bp	45.5 bp −$46	188.3 bp −$1,883	doesn't fit	doesn't fit
Sell OKX live order book, 28 min ago	3.23 bp	34.5 bp −$35	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	−3.250%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009238	+0.087%	$231K	$200K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009235	+0.057%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009230	long leg	$1.9M	$630K	25x
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009229	−0.011%	$975K	$931K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009230	0.000%	$413K	$264K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009233	+0.033%	$3.7M	$214K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009230	0.000%	$1.1M	$27K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009236	+0.065%	$820K	$399K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009234	+0.043%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009238	+0.090%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009232	+0.021%	$10K	$128K	5x	as long as short
Aster MOVEUSDT	+0.0143%	4h	0.009224	−0.061%	$10K	$11K	5x	as long as short
BloFin MOVE-USDT	+0.0149%	4h	0.009234	+0.043%	$119K	$10K	75x	as long as short