Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.015%

Price spread now: Extended against Binance+0.049%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$900.899% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.150%+$15 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.049%, 7d avg −0.026%

Together, before fees+0.034%+ Points / potential airdropExtended: Active · farm board+$3 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: Extended is 0.075% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009350	0.0100	pay 0.0050% / 4h	2h 13m	$2.0M	$4.1M	25x
Short	Extended MOVE-USD	0.009354	0.0104	get 0.0013% / 1h	13m 06s	$10K	$143K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0.84
Price spread: +0.049% → −0.026%: $7.53
Slippage, 4 orders: −$74.9
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$81.53
Costs to cover: 0.899%
Break-even: 686.4 days

Slippage from Binance: live order book, 9 min ago; Extended: live order book, 7 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 Binance live order book, 9 min ago	1.60 bp	20.7 bp −$21	179.3 bp −$1,793	doesn't fit	doesn't fit
Sell Extended live order book, 7 min ago	2.67 bp	19.1 bp −$19	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	−0.0384%	4h	0.009360	+0.109%	$1.9M	$654K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.490%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009347	−0.030%	$228K	$210K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009379	+0.313%	$11K	$12K	5x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009350	long leg	$2.0M	$4.1M	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009343	−0.073%	$984K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	+0.216%	$422K	$338K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009353	+0.034%	$3.8M	$233K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+0.109%	$1.2M	$38K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009371	+0.227%	$850K	$423K	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	0.009370	+0.216%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009375	+0.265%	$6K	$2K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009354	+0.049%	$10K	$143K	5x
BloFin MOVE-USDT	+0.0142%	4h	0.009355	+0.055%	$122K	$12K	75x	as long as short