Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0051%/8hnext payment −$0.26 per $10,000 · paid last 24h −0.011%

Price spread now: BloFin against Binance+0.054%51s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.695% of the position

Long on Binance Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now +0.054%, 7d avg +0.030%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.024% dearer against Binance than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.030%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.005% in total) that is about 33 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009267	0.0486	pay 0.0243% / 4h	6m 17s	$2.0M	$4.1M	25x
Short	BloFin MOVE-USDT	0.009272	0.0435	get 0.0217% / 4h	6m 17s	$122K	$12K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Binance. 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 BinancebpFee BloFinbpOrdersPrice spread, now +0.054%Rate

Funding earned: −$10.78
Price spread: +0.054% → +0.030%: $2.42
Slippage, 4 orders: −$47.46
Fee Binance: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$77.83
Costs to cover: 0.695%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; BloFin: live order book, 18 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 Binance live order book, 5 min ago	1.08 bp	14.8 bp −$15	101.3 bp −$1,013	doesn't fit	doesn't fit
Sell BloFin live order book, 18 min ago	3.76 bp	15.7 bp −$16	49.5 bp −$495	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	−3.637%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009268	+0.011%	$225K	$211K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009270	+0.032%	$1.9M	$672K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009276	+0.097%	$981K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	+0.032%	$418K	$329K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	+0.032%	$1.1M	$42K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009286	+0.205%	$840K	$413K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009285	+0.194%	$6K	$2K	—	as long as short
BingX MOVE-USDT	+0.0396%	4h	0.009281	+0.151%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0431%	4h	0.009250	−0.183%	$11K	$12K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MOVE-USDTshort	+0.0435%	4h	0.009272	+0.054%	$122K	$12K	75x
MEXC MOVE_USDT	+0.0442%	4h	0.009268	+0.011%	$3.8M	$243K	20x	as long as short
Binance MOVEUSDTlong	+0.0486%	4h	0.009267	long leg	$2.0M	$4.1M	25x
Extended MOVE-USD	+0.0488%	1h	0.009266	−0.009%	$10K	$143K	5x	as long as short