Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.002%

Price spread now: BloFin against Extended−0.079%54s7-day average +0.054% · 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—prices read too far apart to compare

costs, in and out, $10k−$950.953% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 3 days (all we have)+0.504%+$50 · spread now −0.079%, 7d avg +0.054%

Together, before fees+0.348%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.133% cheaper against Extended than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009340	0.0104	pay 0.0013% / 1h	50m 04s	$10K	$143K	5x
Short	BloFin MOVE-USDT	0.009333	0.0050	get 0.0025% / 4h	2h 50m	$122K	$12K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$11.3
Price spread: −0.079% → +0.054%: −$13.29
Slippage, 4 orders: −$78.31
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$119.89
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Extended: live order book, 35 min ago; BloFin: live order book, 30 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, 35 min ago	2.14 bp	30.7 bp −$31	239.9 bp −$2,399	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	1.61 bp	13.6 bp −$14	40.9 bp −$409	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	−0.0785%	4h	0.009338	−0.026%	$1.9M	$669K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.394%	$722	$21K	12x	as long as short
BloFin MOVE-USDTshort	+0.0050%	4h	0.009333	−0.079%	$122K	$12K	75x
Hyperliquid MOVE	+0.0100%	1h	0.009347	+0.071%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009312	−0.302%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009344	+0.033%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009349	+0.092%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009330	−0.111%	$421K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009342	+0.017%	$3.8M	$228K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	−0.111%	$1.1M	$39K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009346	+0.060%	$848K	$424K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009330	−0.111%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009335	−0.057%	$6K	$2K	—	as long as short
Extended MOVE-USDlong	+0.0104%	1h	0.009340	long leg	$10K	$143K	5x