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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.076%

Price spread now: Binance against OKX+0.064%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1071.073% of the position

Long on OKX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)−0.176%−$18 · spread now +0.064%, 7d avg −0.051%

Together, before fees−0.267%−$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: Binance is 0.116% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009340	0.0100	pay 0.0050% / 4h	1h 59m	$983K	$1.0M	20x
Short	Binance MOVEUSDT	0.009346	0.0100	get 0.0050% / 4h	1h 59m	$2.0M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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 OKXbpFee BinancebpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.051%: $11.56
Slippage, 4 orders: −$87.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$95.76
Costs to cover: 1.073%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Binance: live order book, 7 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 OKX live order book, 1 min ago	3.21 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	3.22 bp	20.9 bp −$21	135.6 bp −$1,356	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	−4.390%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009344	+0.043%	$228K	$204K	3x	as long as short
Binance MOVEUSDTshort	+0.0100%	4h	0.009346	+0.064%	$2.0M	$4.2M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009344	+0.043%	$1.9M	$649K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009340	long leg	$983K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009340	0.000%	$419K	$292K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009331	−0.096%	$3.8M	$220K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009340	0.000%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009334	−0.064%	$829K	$421K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009333	−0.071%	$6K	$1K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0104%	1h	0.009329	−0.115%	$10K	$121K	5x	as long as short
BingX MOVE-USDT	+0.0148%	4h	0.009340	0.000%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0389%	4h	0.009359	+0.204%	$12K	$10K	5x	as long as short