Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against OKX−0.327%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$158as in the Price arb table

costs, in and out, $10k−$1331.334% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.327%, 7d avg −0.078%

Together, before fees+0.374%+ Points / potential airdropExtended: Active · farm board+$37 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: Extended is 0.249% cheaper against OKX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009340	0.0100	pay 0.0050% / 4h	2h 53m	$982K	$1.0M	20x
Short	Extended MOVE-USD	0.009309	0.0104	get 0.0013% / 1h	53m 24s	$10K	$143K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.327%Rate

Funding earned: $0.84
Price spread: −0.327% → −0.078%: −$24.89
Slippage, 4 orders: −$118.38
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$157.43
Costs to cover: 1.334%
Break-even: 1319.0 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 32 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 OKX live order book, 3 min ago	2.14 bp	26.6 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 32 min ago	2.14 bp	37.1 bp −$37	doesn't fit	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	−0.1007%	4h	0.009320	−0.214%	$1.9M	$672K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.390%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009344	+0.043%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009285	−0.587%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009310	−0.317%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009340	long leg	$982K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009330	−0.107%	$421K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009309	−0.332%	$3.8M	$228K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009320	−0.214%	$1.1M	$39K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009326	−0.150%	$847K	$425K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009325	−0.161%	$6K	$2K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009309	−0.327%	$10K	$143K	5x
BloFin MOVE-USDT	+0.0138%	4h	0.009353	+0.139%	$122K	$12K	75x	as long as short
BingX MOVE-USDT	+0.0142%	4h	0.009321	−0.203%	—	$6.5M	—	as long as short