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 −0.061%

Price spread now: Bybit against Extended−0.002%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$189as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1641.636% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.002%, 7d avg +0.084%

Together, before fees−0.316%+ Points / potential airdropExtended: Active · farm board−$32 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: Bybit is 0.086% cheaper against Extended than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.084%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009360	0.0104	pay 0.0013% / 1h	19m 30s	$10K	$121K	5x
Short	Bybit MOVEUSDT	0.009360	0.0100	get 0.0050% / 4h	1h 19m	$1.9M	$648K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$0.84
Price spread: −0.002% → +0.084%: −$8.6
Slippage, 4 orders: −$147.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$173
Costs to cover: 1.636%
Break-even: never at this rate

Slippage from Extended: live order book, 41 min ago; Bybit: live order book, 2 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, 41 min ago	2.68 bp	26.7 bp −$27	237.8 bp −$2,378	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.34 bp	39.6 bp −$40	165.7 bp −$1,657	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	−4.596%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009358	−0.024%	$228K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009338	−0.237%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009364	+0.039%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009360	−0.002%	$1.9M	$648K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009359	−0.013%	$990K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.216%	$417K	$278K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009362	+0.019%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.109%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009365	+0.051%	$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-USDT	+0.0100%	4h	0.009362	+0.019%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009363	+0.033%	$6K	$1K	—	as long as short
Extended MOVE-USDlong	+0.0104%	1h	0.009360	long leg	$10K	$121K	5x
BloFin MOVE-USDT	+0.0122%	4h	0.009379	+0.201%	$122K	$10K	75x	as long as short