Settings8H · net · $10k
Funding arb · Price arb /

MOVE

all MOVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.0404%/8hnext payment +$0.51 per $10,000 · paid last 24h +0.067%
Price spread now: Extended against Hyperliquid+0.090%7-day average −0.054% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.052%−$5 on $10k
Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.090%, 7d avg −0.054%
Together, before fees−0.203%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Extended is 0.144% dearer against Hyperliquid than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.054%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MOVE0.0092930.0100pay 0.0013% / 1h50m 42s$229K$217K3x
ShortExtended MOVE-USD0.0093010.0504get 0.0063% / 1h50m 42s$10K$143K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Hyperliquid. 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

Funding earned
$84.84
Price spread: +0.090% → −0.054%
$14.36
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$85.2
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Hyperliquid: live order book, 37 min ago; Extended: live order book, 39 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 37 min ago1.08 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 39 min ago2.70 bp42.5 bp −$43doesn't fitdoesn't fitdoesn't fit

MOVE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MOVEUSDT−0.0814%4h0.009300+0.075%$1.9M$676K25xas long as short
Injective MOVE/USDC PERP+0.0033%1h0.008930−3.906%$722$21K12xas long as short
Hyperliquid MOVElong+0.0100%1h0.009293long leg$229K$217K3x
OKX MOVE-USDT-SWAP+0.0100%4h0.009301+0.086%$984K$1.0M20xas long as short
Gate MOVE_USDT+0.0100%8h0.009300+0.075%$418K$331K25xas long as short
KuCoin MOVEUSDTM+0.0100%4h0.009300+0.075%$1.1M$41K25xas long as short
Bitget MOVEUSDT+0.0100%4h0.009301+0.086%$846K$418K25xas long as short
Variational Omni MOVE+0.0100%4h0.009295+0.022%$6K$2Kas long as short
Aster MOVEUSDT+0.0437%4h0.009296+0.037%$11K$12K5xas long as short
BloFin MOVE-USDT+0.0467%4h0.009299+0.065%$122K$12K75xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MOVEUSDT+0.0488%4h0.009302+0.097%$2.0M$4.1M25xas long as short
MEXC MOVE_USDT+0.0502%4h0.009302+0.097%$3.8M$230K20xas long as short
Extended MOVE-USDshort+0.0504%1h0.009301+0.090%$10K$143K5x
BingX MOVE-USDT+0.0518%4h0.009305+0.129%$6.5Mas long as short