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: OKX against Gate−0.160%7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2142.141% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 4 days (all we have)+0.194%+$19 · spread now −0.160%, 7d avg +0.082%

Together, before fees+0.134%+$13 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 0.242% cheaper against Gate than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.082%.

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 12m	$422K	$338K	25x
Short	OKX MOVE-USDT-SWAP	0.009345	0.0100	get 0.0050% / 4h	2h 12m	$984K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.160%Rate

Funding earned: $0
Price spread: −0.160% → +0.082%: −$24.21
Slippage, 4 orders: −$189.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$238.27
Costs to cover: 2.141%
Break-even: never at this rate

Slippage from Gate: live order book, 8 min ago; OKX: 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, 8 min ago	5.34 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.60 bp	29.3 bp −$29	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	−0.0481%	4h	0.009356	−0.043%	$1.9M	$654K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009348	−0.128%	$228K	$210K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009377	+0.186%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009346	−0.153%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009345	−0.160%	$984K	$1.0M	20x
Gate MOVE_USDTlong	+0.0100%	8h	0.009360	long leg	$422K	$338K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009346	−0.150%	$3.8M	$234K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	0.000%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009371	+0.118%	$850K	$423K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009364	+0.043%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009375	+0.156%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009344	−0.173%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0142%	4h	0.009355	−0.053%	$122K	$12K	75x	as long as short