Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit+0.076%7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$3043.036% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.076%, 7d avg −0.089%

Together, before fees+0.054%+$5 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 0.165% dearer against Bybit than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MOVEUSDT	0.009233	0.0100	pay 0.0050% / 4h	1h 36m	$1.9M	$657K	25x
Short	Gate MOVE_USDT	0.009240	0.0100	get 0.0100% / 8h	1h 36m	$406K	$265K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → −0.089%: $16.46
Slippage, 4 orders: −$277.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$287.16
Costs to cover: 3.036%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 4 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 Bybit live order book, 5 min ago	5.40 bp	56.3 bp −$56	177.2 bp −$1,772	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	10.82 bp	84.0 bp −$84	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	−0.0885%	1h	0.009310	+0.834%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009240	+0.076%	$231K	$203K	3x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009233	long leg	$1.9M	$657K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009235	+0.022%	$973K	$958K	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009240	+0.076%	$406K	$265K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009240	+0.076%	$1.1M	$28K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009233	0.000%	$845K	$414K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	+0.329%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.0602%	4h	0.009246	+0.141%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0658%	4h	0.009242	+0.095%	$10K	$11K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.0668%	4h	0.009226	−0.076%	$3.7M	$216K	20x	as long as short
Binance MOVEUSDT	+0.0668%	4h	0.009230	−0.032%	$2.0M	$4.5M	25x	as long as short
Extended MOVE-USD	+0.0672%	1h	0.009228	−0.057%	$10K	$167K	5x	as long as short
BloFin MOVE-USDT	+0.0712%	4h	0.009242	+0.097%	$116K	$5K	75x	as long as short