Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1052%/8h= +115.2% APRpaid last 24h +0.066%

Price spread now: Extended against Gate+0.135%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$259as in the Funding arb table

Net, price: spread back to 7d avg − costs−$254as in the Price arb table

costs, in and out, $10k−$2672.668% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.135%, 7d avg +0.011%

Together, before fees−0.046%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and Extended is 0.124% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.011%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% 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	0.009280	0.0100	pay 0.0100% / 8h	41m 56s	$407K	$259K	25x
Short	Extended MOVE-USD	0.009292	0.1152	get 0.0144% / 1h	41m 56s	$12K	$190K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.135%Rate

Funding earned: $220.92
Price spread: +0.135% → +0.011%: $12.36
Slippage, 4 orders: −$246.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$33.49
Costs to cover: 2.668%
Break-even: 8.1 days

Slippage from Gate: live order book, 59 min ago; Extended: live order book, 59 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, 59 min ago	10.82 bp	117.8 bp −$118	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 59 min ago	2.70 bp	23.2 bp −$23	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	+0.0033%	1h	0.009310	+0.323%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009299	+0.205%	$233K	$205K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009291	+0.119%	$2.0M	$644K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009295	+0.162%	$975K	$928K	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009280	long leg	$407K	$259K	25x
KuCoin MOVEUSDTM	+0.0100%	4h	0.009280	0.000%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009288	+0.086%	$851K	$381K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009293	+0.142%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.1144%	4h	0.009295	+0.162%	—	$6.5M	—	as long as short
Extended MOVE-USDshort	+0.1152%	1h	0.009292	+0.135%	$12K	$190K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.1156%	4h	0.009295	+0.162%	$2.0M	$4.4M	25x	as long as short
MEXC MOVE_USDT	+0.1180%	4h	0.009293	+0.140%	$3.7M	$215K	20x	as long as short
BloFin MOVE-USDT	+0.1190%	4h	0.009285	+0.054%	$116K	$4K	75x	as long as short
Aster MOVEUSDT	+0.1338%	4h	0.009296	+0.169%	$11K	$11K	5x	as long as short