Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.061%

Price spread now: Gate against Extended+0.211%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1951.955% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.211%, 7d avg −0.005%

Together, before fees−0.200%+ Points / potential airdropExtended: Active · farm board−$20 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: Gate is 0.216% dearer against Extended than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009420	0.0104	pay 0.0013% / 1h	58m 02s	$10K	$140K	5x
Short	Gate MOVE_USDT	0.009440	0.0100	get 0.0100% / 8h	7h 58m	$427K	$326K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.211%Rate

Funding earned: −$0.84
Price spread: +0.211% → −0.005%: $21.64
Slippage, 4 orders: −$175.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$174.67
Costs to cover: 1.955%
Break-even: never at this rate

Slippage from Extended: live order book, 12 min ago; Gate: live order book, 12 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 Extended live order book, 12 min ago	2.67 bp	38.8 bp −$39	263.4 bp −$2,634	doesn't fit	doesn't fit
Sell Gate live order book, 12 min ago	10.67 bp	62.5 bp −$63	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 MOVEUSDT	−0.4288%	4h	0.009436	+0.169%	$2.0M	$665K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−5.203%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0055%	4h	0.009425	+0.052%	$120K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009432	+0.126%	$235K	$208K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009481	+0.649%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009426	+0.062%	$2.1M	$4.2M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009428	+0.084%	$995K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009440	+0.211%	$427K	$326K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009422	+0.020%	$3.8M	$211K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009440	+0.211%	$1.2M	$30K	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	0.009435	+0.158%	$852K	$412K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009443	+0.243%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009434	+0.144%	$6K	$1K	—	as long as short
Extended MOVE-USDlong	+0.0104%	1h	0.009420	long leg	$10K	$140K	5x