Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against OKX−0.256%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$246as in the Price arb table

costs, in and out, $10k−$2292.288% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.256%, 7d avg −0.081%

Together, before fees+0.149%+$15 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 0.175% cheaper against OKX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009374	0.0100	pay 0.0050% / 4h	2h 25m	$986K	$1.0M	20x
Short	Gate MOVE_USDT	0.009350	0.0100	get 0.0100% / 8h	6h 25m	$421K	$289K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now −0.256%Rate

Funding earned: $0
Price spread: −0.256% → −0.081%: −$17.51
Slippage, 4 orders: −$203.82
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$246.34
Costs to cover: 2.288%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 40 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 OKX live order book, 1 min ago	2.66 bp	29.8 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	10.62 bp	62.0 bp −$62	doesn't fit	doesn't fit	doesn't fit

MOVE on 13 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	−4.737%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009368	−0.064%	$229K	$207K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009368	−0.064%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009379	+0.053%	$1.9M	$660K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009374	long leg	$986K	$1.0M	20x
Gate MOVE_USDTshort	+0.0100%	8h	0.009350	−0.256%	$421K	$289K	25x
MEXC MOVE_USDT	+0.0100%	4h	0.009368	−0.064%	$3.8M	$218K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.256%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009361	−0.139%	$831K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009370	−0.043%	—	$6.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009378	+0.047%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009363	−0.122%	$10K	$125K	5x	as long as short
Aster MOVEUSDT	+0.0400%	4h	0.009329	−0.475%	$12K	$10K	5x	as long as short