Funding arb · Price arb /

MOVE

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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 0.000%

Price spread now: OKX against Bitget−0.064%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.064%, 7d avg +0.029%

Together, before fees+0.101%+$10 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 0.093% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009446	0.0100	pay 0.0050% / 4h	51m 01s	$853K	$405K	25x
Short	OKX MOVE-USDT-SWAP	0.009440	0.0100	get 0.0050% / 4h	51m 01s	$995K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.029%: −$9.29
Slippage, 4 orders: −$99.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$130.64
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from Bitget: live order book, 25 min ago; OKX: live order book, just now.

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, 25 min ago	5.89 bp	31.9 bp −$32	251.3 bp −$2,513	doesn't fit	doesn't fit
Sell OKX live order book, just now	2.65 bp	30.8 bp −$31	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
Bybit MOVEUSDT	+0.0028%	4h	0.009434	−0.127%	$2.0M	$655K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−5.463%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0046%	4h	0.009433	−0.138%	$120K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009429	−0.180%	$232K	$206K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009479	+0.344%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009430	−0.171%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009440	−0.064%	$995K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009440	−0.064%	$428K	$340K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009431	−0.159%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	−0.169%	$1.2M	$32K	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	0.009446	long leg	$853K	$405K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009432	−0.148%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009389	−0.607%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009430	−0.172%	$10K	$143K	5x	as long as short