Settings8H · net · $10k
Funding arb · Price arb /

MOVE

all MOVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.52 per $10,000 · paid last 24h +0.060%
Price spread now: BingX against Bitget−0.032%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$98as in the Price arb table
costs, in and out, $10k−$950.947% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.129%+$13 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.032%, 7d avg +0.005%
Together, before fees+0.092%+$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.037% cheaper against Bitget than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.005%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MOVEUSDT0.0092440.0100pay 0.0050% / 4h3h 11m$821K$397K25x
ShortBingX MOVE-USDT0.0092410.0204get 0.0102% / 4h3h 11m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$21.84
Price spread: −0.032% → +0.005%
−$3.72
Slippage, 4 orders
−$72.68
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$76.56
Costs to cover
0.947%
Break-even
31.5 days
Slippage from Bitget: live order book, 39 min ago; BingX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 39 min ago5.92 bp32.4 bp −$32246.4 bp −$2,464doesn't fitdoesn't fit
Sell BingX live order book, 9 min ago6.48 bp20.0 bp −$2090.9 bp −$909626.2 bp −$62.6K1009.5 bp −$504.8K

MOVE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MOVE/USDC PERP+0.0033%1h0.008930−3.397%$722$21K12xas long as short
Hyperliquid MOVE+0.0100%1h0.009249+0.054%$231K$201K3xas long as short
Bybit MOVEUSDT+0.0100%4h0.009247+0.032%$1.9M$630K25xas long as short
OKX MOVE-USDT-SWAP+0.0100%4h0.009241−0.032%$978K$940K20xas long as short
Gate MOVE_USDT+0.0100%8h0.009240−0.043%$413K$265K25xas long as short
KuCoin MOVEUSDTM+0.0100%4h0.009240−0.043%$1.1M$27K25xas long as short
Bitget MOVEUSDTlong+0.0100%4h0.009244long leg$821K$397K25x
Variational Omni MOVE+0.0100%4h0.009253+0.101%$6K$1Kas long as short
BingX MOVE-USDTshort+0.0204%4h0.009241−0.032%$6.5M
Extended MOVE-USD+0.0280%1h0.009246+0.025%$10K$128K5xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC MOVE_USDT+0.0282%4h0.009245+0.011%$3.7M$215K20xas long as short
Binance MOVEUSDT+0.0283%4h0.0092440.000%$2.0M$4.3M25xas long as short
BloFin MOVE-USDT+0.0305%4h0.009252+0.087%$120K$10K75xas long as short
Aster MOVEUSDT+0.0396%4h0.009232−0.129%$10K$11K5xas long as short