Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Hyperliquid0.000%7-day average −0.058% · you sell dearer than you buy

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

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now 0.000%, 7d avg −0.058%

Together, before fees−0.016%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 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: Gate is 0.058% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009340	0.0100	pay 0.0013% / 1h	39m 44s	$228K	$210K	3x
Short	Gate MOVE_USDT	0.009340	0.0100	get 0.0100% / 8h	2h 39m	$421K	$337K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.058%: $5.85
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$18.15
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 44 min ago; Gate: live order book, 45 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, 44 min ago	1.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	5.36 bp	67.1 bp −$67	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
Bybit MOVEUSDT	−0.0504%	4h	0.009358	+0.193%	$1.9M	$660K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.390%	$722	$21K	12x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009340	long leg	$228K	$210K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009388	+0.510%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009368	+0.296%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009342	+0.021%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDTshort	+0.0100%	8h	0.009340	0.000%	$421K	$337K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009360	+0.214%	$3.8M	$229K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+0.214%	$1.2M	$38K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009355	+0.161%	$849K	$424K	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	0.009344	+0.043%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009335	−0.053%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009366	+0.283%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0126%	4h	0.009345	+0.054%	$122K	$12K	75x	as long as short