Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Hyperliquid+0.150%7-day average −0.007% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.150%, 7d avg −0.007%

Together, before fees−0.108%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 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: Bitget is 0.157% dearer against Hyperliquid than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009349	0.0100	pay 0.0013% / 1h	28m 47s	$230K	$218K	3x
Short	Bitget MOVEUSDT	0.009363	0.0100	get 0.0050% / 4h	3h 28m	$858K	$422K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → −0.007%: $15.69
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$5.31
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 15 min ago; Bitget: live order book, 17 min ago. Net counts fees only.

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 Hyperliquid live order book, 15 min ago	0.54 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 17 min ago	3.76 bp	27.2 bp −$27	227.0 bp −$2,270	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	−0.1174%	4h	0.009353	+0.043%	$1.9M	$678K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.482%	$722	$21K	12x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009349	long leg	$230K	$218K	3x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009349	0.000%	$989K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	+0.118%	$422K	$333K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+0.118%	$1.2M	$41K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009363	+0.150%	$858K	$422K	25x
Variational Omni MOVE	+0.0100%	4h	0.009355	+0.063%	$6K	$2K	—	as long as short
Aster MOVEUSDT	+0.0241%	4h	0.009375	+0.279%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0270%	4h	0.009352	+0.028%	—	$4.1M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MOVE-USDT	+0.0284%	4h	0.009348	−0.011%	$122K	$12K	75x	as long as short
Extended MOVE-USD	+0.0304%	1h	0.009351	+0.021%	$10K	$143K	5x	as long as short
MEXC MOVE_USDT	+0.0306%	4h	0.009350	+0.011%	$3.8M	$232K	20x	as long as short
BingX MOVE-USDT	+0.0420%	4h	0.009361	+0.128%	—	$6.5M	—	as long as short