Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate+0.267%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1861.856% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.218%−$22 · spread now +0.267%, 7d avg +0.054%

Together, before fees−0.270%−$27 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: Bitget is 0.213% dearer against Gate than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009370	0.0100	pay 0.0100% / 8h	6m 07s	$423K	$344K	25x
Short	Bitget MOVEUSDT	0.009395	0.0100	get 0.0050% / 4h	6m 07s	$841K	$409K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.267%Rate

Funding earned: $0
Price spread: +0.267% → +0.054%: $21.28
Slippage, 4 orders: −$158.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$164.29
Costs to cover: 1.856%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	10.67 bp	69.6 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.86 bp	30.4 bp −$30	258.7 bp −$2,587	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	−4.696%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0070%	4h	0.009387	+0.181%	$121K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009390	+0.213%	$231K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.331%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009385	+0.160%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009380	+0.107%	$1.9M	$663K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009387	+0.181%	$991K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009370	long leg	$423K	$344K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009386	+0.171%	$3.8M	$214K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	0.000%	$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 MOVEUSDTshort	+0.0100%	4h	0.009395	+0.267%	$841K	$409K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009379	+0.096%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009384	+0.147%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009384	+0.150%	$10K	$143K	5x	as long as short