Settings8H · net · $10k
Funding arb · Price arb /

MOVE

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.060%
Price spread now: BingX against OKX+0.011%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1071.066% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.123%+$12 on $10k
Price spread, last 7 days+0.045%+$4 · spread now +0.011%, 7d avg 0.000%
Together, before fees+0.168%+$17 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MOVE-USDT-SWAP0.0092840.0100pay 0.0050% / 4h3h 49m$983K$980K20x
ShortBingX MOVE-USDT0.0092850.0100get 0.0050% / 4h3h 49m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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

Funding earned
$0
Price spread: +0.011% → 0.000%
$1.12
Slippage, 4 orders
−$86.6
Fee OKX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$105.48
Costs to cover
1.066%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; BingX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago3.23 bp31.7 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 1 min ago4.84 bp20.2 bp −$2085.5 bp −$855643.4 bp −$64.3K1041.2 bp −$520.6K

MOVE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MOVE/USDC PERP+0.0033%1h0.008930−3.813%$722$21K12xas long as short
BloFin MOVE-USDT+0.0061%4h0.009298+0.151%$120K$10K75xas long as short
Hyperliquid MOVE+0.0100%1h0.0092840.000%$228K$196K3xas long as short
Aster MOVEUSDT+0.0100%4h0.009288+0.048%$10K$11K5xas long as short
Binance MOVEUSDT+0.0100%4h0.009288+0.042%$2.0M$4.3M25xas long as short
Bybit MOVEUSDT+0.0100%4h0.0092840.000%$1.9M$638K25xas long as short
OKX MOVE-USDT-SWAPlong+0.0100%4h0.009284long leg$983K$980K20x
Gate MOVE_USDT+0.0100%8h0.009280−0.043%$415K$264K25xas long as short
MEXC MOVE_USDT+0.0100%4h0.009286+0.022%$3.8M$212K20xas long as short
KuCoin MOVEUSDTM+0.0100%4h0.009280−0.043%$1.1M$27K25xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget MOVEUSDT+0.0100%4h0.009289+0.054%$827K$415K25xas long as short
BingX MOVE-USDTshort+0.0100%4h0.009285+0.011%$6.5M
Variational Omni MOVE+0.0100%4h0.009288+0.047%$6K$1Kas long as short
Extended MOVE-USD+0.0104%1h0.009288+0.046%$14K$127K5xas long as short