Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.076%

Price spread now: Binance against Gate+0.254%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$2032.027% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.254%, 7d avg +0.030%

Together, before fees−0.350%−$35 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: Binance is 0.224% dearer against Gate than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009350	0.0100	pay 0.0100% / 8h	6h 26m	$421K	$288K	25x
Short	Binance MOVEUSDT	0.009374	0.0100	get 0.0050% / 4h	2h 26m	$2.0M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.254%Rate

Funding earned: $0
Price spread: +0.254% → +0.030%: $22.44
Slippage, 4 orders: −$177.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$180.29
Costs to cover: 2.027%
Break-even: never at this rate

Slippage from Gate: live order book, 39 min ago; Binance: live order book, 11 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 Gate live order book, 39 min ago	10.62 bp	98.8 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.21 bp	17.8 bp −$18	127.6 bp −$1,276	doesn't fit	doesn't fit

MOVE on 13 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	−4.492%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009377	+0.289%	$229K	$207K	3x	as long as short
Binance MOVEUSDTshort	+0.0100%	4h	0.009374	+0.254%	$2.0M	$4.2M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009376	+0.278%	$1.9M	$660K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009380	+0.321%	$985K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009350	long leg	$421K	$288K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009375	+0.267%	$3.8M	$218K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	0.000%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009361	+0.118%	$831K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009377	+0.289%	—	$6.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009378	+0.304%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009362	+0.131%	$10K	$125K	5x	as long as short
Aster MOVEUSDT	+0.0360%	4h	0.009322	−0.296%	$12K	$10K	5x	as long as short