Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0952%/8h= −104.2% APRpaid last 24h −0.074%

Price spread now: Gate against Binance−0.043%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$250as in the Price arb table

costs, in and out, $10k−$2492.492% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.043%, 7d avg −0.035%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.035%, so right now this pair is about funding alone: −$29 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.112%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.112% in total (about 5.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009254	0.1052	pay 0.0526% / 4h	0m 20s	$2.0M	$4.5M	25x
Short	Gate MOVE_USDT	0.009250	0.0100	get 0.0100% / 8h	0m 20s	$408K	$265K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$199.93
Price spread: −0.043% → −0.035%: −$0.78
Slippage, 4 orders: −$224.19
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$449.9
Costs to cover: 2.492%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Gate: live order book, 35 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, 7 min ago	1.08 bp	23.4 bp −$23	127.3 bp −$1,273	doesn't fit	doesn't fit
Sell Gate live order book, 35 min ago	5.39 bp	69.6 bp −$70	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
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+0.605%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009261	+0.076%	$229K	$207K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009260	+0.065%	$1.9M	$627K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009263	+0.097%	$968K	$929K	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009250	−0.043%	$408K	$265K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009250	−0.043%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009265	+0.119%	$846K	$386K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009259	+0.051%	$7K	$2K	—	as long as short
BingX MOVE-USDT	+0.0958%	4h	0.009261	+0.076%	—	$6.5M	—	as long as short
BloFin MOVE-USDT	+0.1051%	4h	0.009258	+0.043%	$115K	$4K	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.1052%	4h	0.009255	+0.011%	$3.7M	$219K	20x	as long as short
Binance MOVEUSDTlong	+0.1052%	4h	0.009254	long leg	$2.0M	$4.5M	25x
Extended MOVE-USD	+0.1056%	1h	0.009255	+0.012%	$11K	$191K	5x	as long as short
Aster MOVEUSDT	+0.1353%	4h	0.009220	−0.367%	$11K	$10K	5x	as long as short