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: Bybit against Binance+0.106%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1261.261% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$9 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.106%, 7d avg +0.062%

Together, before fees−0.081%−$8 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: Bybit is 0.043% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009442	0.0100	pay 0.0050% / 4h	3h 12m	$2.1M	$4.2M	25x
Short	Bybit MOVEUSDT	0.009452	0.0100	get 0.0050% / 4h	3h 12m	$2.0M	$663K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.062%: $4.35
Slippage, 4 orders: −$105.09
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$121.75
Costs to cover: 1.261%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Bybit: 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 Binance live order book, 10 min ago	1.07 bp	19.2 bp −$19	125.3 bp −$1,253	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.30 bp	48.7 bp −$49	162.1 bp −$1,621	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	−5.423%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0053%	4h	0.009441	−0.011%	$121K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009446	+0.042%	$233K	$206K	3x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009442	long leg	$2.1M	$4.2M	25x
Bybit MOVEUSDTshort	+0.0100%	4h	0.009452	+0.106%	$2.0M	$663K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009447	+0.053%	$995K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009430	−0.127%	$423K	$330K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009449	+0.074%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009420	−0.233%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009449	+0.074%	$842K	$424K	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	0.009448	+0.064%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009434	−0.090%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009449	+0.074%	$10K	$118K	5x	as long as short
Aster MOVEUSDT	+0.0331%	4h	0.009430	−0.132%	$12K	$10K	5x	as long as short