Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0417%/8h= −45.6% APRpaid last 24h +0.076%

Price spread now: Binance against Gate−0.257%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$215as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$1981.979% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.330%+$33 · spread now −0.257%, 7d avg +0.030%

Together, before fees+0.163%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Binance is 0.288% cheaper against Gate than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.030%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009420	0.0100	pay 0.0100% / 8h	1h 37m	$426K	$339K	25x
Short	Binance MOVEUSDT	0.009396	−0.0317	pay 0.0158% / 4h	1h 37m	$2.0M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now −0.257%Rate

Funding earned: −$87.48
Price spread: −0.257% → +0.030%: −$28.76
Slippage, 4 orders: −$172.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$314.14
Costs to cover: 1.979%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; Binance: live order book, 14 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 Gate live order book, 43 min ago	5.34 bp	81.4 bp −$81	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.68 bp	21.1 bp −$21	145.5 bp −$1,455	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	−0.0691%	4h	0.009351	−0.732%	$1.9M	$651K	25x	as long as short
Binance MOVEUSDTshort	−0.0317%	4h	0.009396	−0.257%	$2.0M	$4.1M	25x
Extended MOVE-USD	−0.0256%	1h	0.009404	−0.171%	$10K	$143K	5x	as long as short
MEXC MOVE_USDT	−0.0254%	4h	0.009405	−0.159%	$3.8M	$217K	20x	as long as short
BloFin MOVE-USDT	−0.0250%	4h	0.009422	+0.021%	$121K	$12K	75x	as long as short
Aster MOVEUSDT	−0.0204%	4h	0.009406	−0.149%	$12K	$10K	5x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−5.202%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009374	−0.488%	$230K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009385	−0.372%	$991K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009420	long leg	$426K	$339K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009400	−0.212%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009359	−0.648%	$850K	$420K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009404	−0.170%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009424	+0.042%	$6K	$2K	—	as long as short