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% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate+0.309%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$249as in the Price arb table

costs, in and out, $10k−$2712.706% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.309%, 7d avg +0.089%

Together, before fees−0.574%−$57 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: Bybit is 0.220% dearer against Gate than usual: you sell high and buy low, +$22 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	Gate MOVE_USDT	0.009400	0.0100	pay 0.0100% / 8h	56m 12s	$426K	$340K	25x
Short	Bybit MOVEUSDT	0.009429	0.0100	get 0.0050% / 4h	56m 12s	$2.0M	$652K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.309%Rate

Funding earned: $0
Price spread: +0.309% → +0.089%: $21.97
Slippage, 4 orders: −$244.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$248.66
Costs to cover: 2.706%
Break-even: never at this rate

Slippage from Gate: live order book, 19 min ago; Bybit: live order book, 5 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, 19 min ago	10.71 bp	103.7 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	10.68 bp	30.2 bp −$30	153.9 bp −$1,539	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	−5.000%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009400	0.000%	$232K	$208K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009399	−0.011%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009468	+0.723%	$2.0M	$4.1M	25x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009429	+0.309%	$2.0M	$652K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009417	+0.181%	$992K	$1.0M	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009400	long leg	$426K	$340K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009402	+0.021%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	+0.319%	$1.2M	$33K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009431	+0.330%	$852K	$411K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009433	+0.351%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009359	−0.439%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009397	−0.031%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0115%	4h	0.009403	+0.032%	$120K	$12K	75x	as long as short