Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0228%/8h= −25.0% APRpaid last 24h +0.061%

Price spread now: Extended against Bitget−0.071%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1061.058% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.071%, 7d avg −0.048%

Together, before fees+0.071%+ Points / potential airdropExtended: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Extended is 0.022% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.048%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009425	0.0100	pay 0.0050% / 4h	1h 41m	$856K	$421K	25x
Short	Extended MOVE-USD	0.009418	−0.0128	pay 0.0016% / 1h	41m 57s	$10K	$143K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$47.88
Price spread: −0.071% → −0.048%: −$2.23
Slippage, 4 orders: −$88.78
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$155.89
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from Bitget: live order book, 39 min ago; Extended: live order book, 39 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 Bitget live order book, 39 min ago	5.87 bp	31.5 bp −$32	292.9 bp −$2,929	doesn't fit	doesn't fit
Sell Extended live order book, 39 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	−0.0457%	4h	0.009450	+0.265%	$2.0M	$657K	25x	as long as short
Aster MOVEUSDT	−0.0196%	4h	0.009484	+0.629%	$11K	$10K	5x	as long as short
BloFin MOVE-USDT	−0.0151%	4h	0.009405	−0.212%	$121K	$12K	75x	as long as short
Binance MOVEUSDT	−0.0130%	4h	0.009420	−0.053%	$2.0M	$4.1M	25x	as long as short
Extended MOVE-USDshort	−0.0128%	1h	0.009418	−0.071%	$10K	$143K	5x
MEXC MOVE_USDT	−0.0128%	4h	0.009423	−0.021%	$3.8M	$217K	20x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−5.252%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009420	−0.053%	$231K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009420	−0.053%	$992K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009450	+0.265%	$427K	$338K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009450	+0.265%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDTlong	+0.0100%	4h	0.009425	long leg	$856K	$421K	25x
BingX MOVE-USDT	+0.0100%	4h	0.009451	+0.276%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009364	−0.646%	$6K	$2K	—	as long as short