Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.002%

Price spread now: BingX against Extended−0.015%7-day average +0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1151.155% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.015%, 7d avg +0.057%

Together, before fees+0.218%+ Points / potential airdropExtended: Active · farm board+$22 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: BingX is 0.072% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009356	0.0104	pay 0.0013% / 1h	18m 23s	$10K	$121K	5x
Short	BingX MOVE-USDT	0.009355	0.0100	get 0.0050% / 4h	1h 18m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$0.84
Price spread: −0.015% → +0.057%: −$7.18
Slippage, 4 orders: −$100.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$123.49
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Extended: live order book, 42 min ago; BingX: 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 Extended live order book, 42 min ago	2.68 bp	26.7 bp −$27	237.8 bp −$2,378	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	5.91 bp	28.4 bp −$28	134.5 bp −$1,345	590.7 bp −$59.1K	913.8 bp −$456.9K

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	−4.557%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009358	+0.017%	$228K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.187%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009351	−0.058%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009350	−0.068%	$1.9M	$648K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009354	−0.025%	$990K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009350	−0.068%	$418K	$278K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009362	+0.060%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.068%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009360	+0.039%	$831K	$417K	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-USDTshort	+0.0100%	4h	0.009355	−0.015%	—	$6.5M	—
Variational Omni MOVE	+0.0100%	4h	0.009363	+0.074%	$6K	$1K	—	as long as short
Extended MOVE-USDlong	+0.0104%	1h	0.009356	long leg	$10K	$121K	5x
BloFin MOVE-USDT	+0.0147%	4h	0.009368	+0.124%	$121K	$10K	75x	as long as short