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 Hyperliquid+0.032%7-day average −0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.032%, 7d avg −0.005%

Together, before fees−0.098%+ Points / potential airdropHyperliquid: Season 2 · farm board−$10 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 0.037% dearer against Hyperliquid than usual: you sell high and buy low, +$4 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	Hyperliquid MOVE	0.009350	0.0100	pay 0.0013% / 1h	31m 13s	$230K	$205K	3x
Short	Bitget MOVEUSDT	0.009353	0.0100	get 0.0050% / 4h	31m 13s	$837K	$410K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HyperliquidbpFee BitgetbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → −0.005%: $3.71
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$17.29
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 28 min ago; Bitget: live order book, 44 min ago. Net counts fees only.

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 Hyperliquid live order book, 28 min ago	0.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 44 min ago	5.89 bp	27.2 bp −$27	263.6 bp −$2,636	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	−0.0225%	4h	0.009352	+0.021%	$1.9M	$664K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.492%	$722	$21K	12x	as long as short
Extended MOVE-USD	+0.0088%	1h	0.009344	−0.063%	$10K	$143K	5x	as long as short
Binance MOVEUSDT	+0.0088%	4h	0.009348	−0.019%	$2.0M	$4.1M	25x	as long as short
BloFin MOVE-USDT	+0.0092%	4h	0.009347	−0.032%	$120K	$12K	75x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009350	long leg	$230K	$205K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009390	+0.427%	$12K	$10K	5x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009351	+0.011%	$990K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009350	0.000%	$422K	$343K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009348	−0.021%	$3.8M	$212K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+0.107%	$1.2M	$31K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009353	+0.032%	$837K	$410K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009351	+0.011%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009344	−0.065%	$6K	$1K	—	as long as short