Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0575%/8h= −62.9% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate0.000%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$265as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2382.379% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now 0.000%, 7d avg +0.089%

Together, before fees−0.314%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.089% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.089%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.273% in total (about -14.2% 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	Gate MOVE_USDT	0.009360	0.0100	pay 0.0100% / 8h	2h 30m	$422K	$337K	25x
Short	Bybit MOVEUSDT	0.009360	−0.0475	pay 0.0237% / 4h	2h 30m	$1.9M	$658K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$120.68
Price spread: 0.000% → +0.089%: −$8.93
Slippage, 4 orders: −$211.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$367.48
Costs to cover: 2.379%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; Bybit: live order book, 1 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, 55 min ago	5.36 bp	73.5 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.34 bp	42.9 bp −$43	164.4 bp −$1,644	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 MOVEUSDTshort	−0.0475%	4h	0.009360	0.000%	$1.9M	$658K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0085%	4h	0.009355	−0.053%	$121K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009353	−0.075%	$228K	$210K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009374	+0.145%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009352	−0.080%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009357	−0.032%	$984K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009360	long leg	$422K	$337K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009353	−0.075%	$3.8M	$230K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	0.000%	$1.2M	$38K	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	0.009365	+0.053%	$850K	$424K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009358	−0.021%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009355	−0.058%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009351	−0.094%	$10K	$143K	5x	as long as short