Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.076%

Price spread now: Binance against Bitget−0.106%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$890.895% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.106%, 7d avg −0.023%

Together, before fees−0.009%−$1 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 0.083% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009395	0.0100	pay 0.0050% / 4h	5m 48s	$841K	$409K	25x
Short	Binance MOVEUSDT	0.009385	0.0100	get 0.0050% / 4h	5m 48s	$2.0M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.023%: −$8.34
Slippage, 4 orders: −$67.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$97.81
Costs to cover: 0.895%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 16 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 Bitget live order book, 5 min ago	5.86 bp	23.0 bp −$23	244.3 bp −$2,443	doesn't fit	doesn't fit
Sell Binance live order book, 16 min ago	2.13 bp	15.5 bp −$16	114.2 bp −$1,142	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	−4.949%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0070%	4h	0.009387	−0.085%	$121K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009390	−0.053%	$231K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.596%	$12K	$10K	5x	as long as short
Binance MOVEUSDTshort	+0.0100%	4h	0.009385	−0.106%	$2.0M	$4.2M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009380	−0.160%	$1.9M	$663K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009387	−0.085%	$991K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	−0.266%	$423K	$344K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009386	−0.096%	$3.8M	$214K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009370	−0.266%	$1.2M	$30K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDTlong	+0.0100%	4h	0.009395	long leg	$841K	$409K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009380	−0.160%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009384	−0.120%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009383	−0.127%	$10K	$143K	5x	as long as short