Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.069%

Price spread now: BloFin against Gate−0.119%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$1791.791% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.119%, 7d avg +0.051%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.170% cheaper against Gate than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.051%). If the spread goes back, that is −$17 on $10k: about 2.2 days of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.116%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% 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	0.009210	0.0100	pay 0.0100% / 8h	2h 14m	$406K	$274K	25x
Short	BloFin MOVE-USDT	0.009199	0.0360	get 0.0180% / 4h	2h 14m	$117K	$10K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpOrdersPrice spread, now −0.119%Rate

Funding earned: $54.57
Price spread: −0.119% → +0.051%: −$17.03
Slippage, 4 orders: −$152.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$141.58
Costs to cover: 1.791%
Break-even: 25.2 days

Slippage from Gate: live order book, 31 min ago; BloFin: live order book, 64 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, 31 min ago	10.85 bp	57.3 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 64 min ago	0.54 bp	20.4 bp −$20	57.4 bp −$574	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	−3.040%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009215	+0.054%	$229K	$201K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009210	0.000%	$1.9M	$642K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009220	+0.109%	$976K	$944K	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009210	long leg	$406K	$274K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009210	0.000%	$1.1M	$28K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009226	+0.174%	$839K	$414K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009193	−0.179%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0352%	1h	0.009207	−0.038%	$11K	$167K	5x	as long as short
Binance MOVEUSDT	+0.0353%	4h	0.009216	+0.065%	$2.0M	$4.4M	25x	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	+0.0354%	4h	0.009219	+0.098%	$3.7M	$217K	20x	as long as short
BingX MOVE-USDT	+0.0354%	4h	0.009215	+0.054%	—	$6.5M	—	as long as short
BloFin MOVE-USDTshort	+0.0360%	4h	0.009199	−0.119%	$117K	$10K	75x
Aster MOVEUSDT	+0.0394%	4h	0.009201	−0.095%	$10K	$11K	5x	as long as short