Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.061%

Price spread now: Variational Omni against Extended+0.061%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Variational 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 0.061% dearer against Extended than usual: you sell high and buy low, +$6 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	Extended MOVE-USD	0.009368	0.0104	pay 0.0013% / 1h	44m 15s	$12K	$144K	5x
Short	Variational Omni MOVE	0.009374	0.0100	get 0.0050% / 4h	3h 44m	$6K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.061%Rate

Funding earned: −$0.84
Price spread: +0.061% → 0.000%: $6.09
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $0.25
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 26 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 Extended live order book, 26 min ago	2.67 bp	38.8 bp −$39	263.4 bp −$2,634	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 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	−4.674%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0062%	4h	0.009372	+0.044%	$122K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009371	+0.034%	$231K	$205K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009369	+0.012%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009370	+0.023%	$1.9M	$664K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009365	−0.030%	$988K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	−0.084%	$422K	$328K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009372	+0.044%	$3.8M	$211K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.190%	$1.2M	$28K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009363	−0.052%	$828K	$420K	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	0.009374	+0.066%	—	$6.5M	—	as long as short
Variational Omni MOVEshort	+0.0100%	4h	0.009374	+0.061%	$6K	$1K	—
Extended MOVE-USDlong	+0.0104%	1h	0.009368	long leg	$12K	$144K	5x
Aster MOVEUSDT	+0.0163%	4h	0.009339	−0.308%	$12K	$10K	5x	as long as short