Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.060%

Price spread now: OKX against BingX−0.032%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.066% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 7 days−0.023%−$2 · spread now −0.032%, 7d avg 0.000%

Together, before fees−0.147%−$15 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: OKX is 0.033% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009286	0.0100	pay 0.0050% / 4h	3h 49m	—	$6.5M	—
Short	OKX MOVE-USDT-SWAP	0.009283	0.0100	get 0.0050% / 4h	3h 49m	$982K	$980K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BingX. 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 BingXbpFee OKXbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → 0.000%: −$3.27
Slippage, 4 orders: −$86.6
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$109.87
Costs to cover: 1.066%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; OKX: live order book, 2 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 BingX live order book, 2 min ago	4.84 bp	20.1 bp −$20	85.3 bp −$853	606.7 bp −$60.7K	993.9 bp −$497.0K
Sell OKX live order book, 2 min ago	3.23 bp	34.5 bp −$35	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	0.008930	−3.834%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0064%	4h	0.009283	−0.032%	$120K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009280	−0.065%	$228K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009289	+0.033%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009285	−0.007%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009280	−0.065%	$1.9M	$638K	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009283	−0.032%	$982K	$980K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009280	−0.065%	$415K	$264K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009284	−0.022%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009280	−0.065%	$1.1M	$27K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009286	0.000%	$827K	$415K	25x	as long as short
BingX MOVE-USDTlong	+0.0100%	4h	0.009286	long leg	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009288	+0.026%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009284	−0.021%	$14K	$127K	5x	as long as short