Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.002%

Price spread now: Extended against BingX−0.002%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on BingX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.002%, 7d avg −0.058%

Together, before fees−0.130%+ Points / potential airdropExtended: Active · farm board−$13 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 0.056% dearer against BingX 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	BingX MOVE-USDT	0.009373	0.0100	pay 0.0050% / 4h	3h 44m	—	$6.5M	—
Short	Extended MOVE-USD	0.009373	0.0104	get 0.0013% / 1h	44m 33s	$12K	$144K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee ExtendedbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0.84
Price spread: −0.002% → −0.058%: $5.59
Slippage, 4 orders: −$87.18
Fee BingX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$95.75
Costs to cover: 1.022%
Break-even: 804.9 days

Slippage from BingX: live order book, 11 min ago; Extended: live order book, 26 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 BingX live order book, 11 min ago	4.25 bp	21.1 bp −$21	95.8 bp −$958	573.3 bp −$57.3K	887.9 bp −$443.9K
Sell Extended live order book, 26 min ago	2.67 bp	24.6 bp −$25	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
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.726%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0062%	4h	0.009372	−0.011%	$122K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009374	+0.011%	$231K	$205K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009375	+0.021%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009370	−0.032%	$1.9M	$665K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009375	+0.021%	$989K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	−0.139%	$422K	$328K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009375	+0.021%	$3.8M	$211K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.245%	$1.2M	$29K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009363	−0.107%	$828K	$420K	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-USDTlong	+0.0100%	4h	0.009373	long leg	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009374	+0.006%	$6K	$1K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009373	−0.002%	$12K	$144K	5x
Aster MOVEUSDT	+0.0163%	4h	0.009339	−0.363%	$12K	$10K	5x	as long as short