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% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget−0.107%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs−$228as in the Price arb table

costs, in and out, $10k−$2232.230% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now −0.107%, 7d avg −0.054%

Together, before fees+0.223%+$22 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: Gate is 0.053% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009340	0.0100	pay 0.0050% / 4h	1h 15m	$829K	$417K	25x
Short	Gate MOVE_USDT	0.009330	0.0100	get 0.0100% / 8h	5h 15m	$417K	$278K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.054%: −$5.35
Slippage, 4 orders: −$196.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$228.37
Costs to cover: 2.230%
Break-even: never at this rate

Slippage from Bitget: live order book, 45 min ago; Gate: live order book, 45 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, 45 min ago	8.03 bp	33.6 bp −$34	274.7 bp −$2,747	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	10.72 bp	88.1 bp −$88	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	−4.390%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009337	−0.032%	$228K	$196K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009339	−0.011%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009340	0.000%	$1.9M	$650K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009340	0.000%	$989K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009330	−0.107%	$417K	$278K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009340	0.000%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.107%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDTlong	+0.0100%	4h	0.009340	long leg	$829K	$417K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009338	−0.021%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009353	+0.141%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009337	−0.037%	$10K	$121K	5x	as long as short
BloFin MOVE-USDT	+0.0120%	4h	0.009356	+0.171%	$122K	$10K	75x	as long as short
Aster MOVEUSDT	+0.0141%	4h	0.009332	−0.087%	$12K	$10K	5x	as long as short