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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against Bybit−0.178%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.178% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MOVEUSDT	0.009340	0.0100	pay 0.0050% / 4h	2h 09m	$1.9M	$659K	25x
Short	Variational Omni MOVE	0.009323	0.0100	get 0.0050% / 4h	2h 09m	$6K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → 0.000%: −$17.81
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$28.81
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 min ago; Variational Omni: no order-book sample. Net counts fees only.

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 Bybit live order book, 2 min ago	5.36 bp	50.5 bp −$51	173.0 bp −$1,730	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−4.390%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009316	−0.257%	$228K	$204K	3x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009340	long leg	$1.9M	$659K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009317	−0.246%	$980K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	0.000%	$419K	$289K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.107%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009322	−0.193%	$828K	$425K	25x	as long as short
Variational Omni MOVEshort	+0.0100%	4h	0.009323	−0.178%	$6K	$1K	—
BingX MOVE-USDT	+0.0172%	4h	0.009345	+0.054%	—	$6.5M	—	as long as short
Extended MOVE-USD	+0.0200%	1h	0.009313	−0.286%	$10K	$121K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.0204%	4h	0.009313	−0.289%	$2.0M	$4.2M	25x	as long as short
MEXC MOVE_USDT	+0.0204%	4h	0.009314	−0.278%	$3.8M	$219K	20x	as long as short
Aster MOVEUSDT	+0.0613%	4h	0.009388	+0.515%	$12K	$10K	5x	as long as short