Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.083%

Price spread now: BloFin against Injective+4.513%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 4.513% dearer against Injective than usual: you sell high and buy low: +$451 more if the spread 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	Injective MOVE/USDC PERP	0.008930	0.0033	pay 0.0004% / 1h	50m 15s	$722	$21K	12x
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 Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +4.513%Rate

Funding earned: $3.54
Price spread: +4.513% → 0.000%: $451.29
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $442.81
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 30 min ago. 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 Injective no order-book sample	—	—	—	—	—
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

Injective: 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
Bybit MOVEUSDT	−0.0785%	4h	0.009337	+4.558%	$1.9M	$669K	25x	as long as short
Injective MOVE/USDC PERPlong	+0.0033%	1h	0.008930	long leg	$722	$21K	12x
BloFin MOVE-USDTshort	+0.0050%	4h	0.009333	+4.513%	$122K	$12K	75x
Hyperliquid MOVE	+0.0100%	1h	0.009345	+4.647%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009311	+4.269%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009343	+4.625%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009349	+4.692%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009330	+4.479%	$421K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009342	+4.614%	$3.8M	$228K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	+4.479%	$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	0.009345	+4.647%	$848K	$424K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009330	+4.479%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009335	+4.536%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009340	+4.596%	$10K	$143K	5x	as long as short