Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX+0.316%7-day average — · you sell dearer than you buy

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

Long on OKX 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 airdropVariational 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 0.316% dearer against OKX than usual: you sell high and buy low, +$32 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	OKX MOVE-USDT-SWAP	0.009294	0.0100	pay 0.0050% / 4h	2h 09m	$977K	$1.0M	20x
Short	Variational Omni MOVE	0.009323	0.0100	get 0.0050% / 4h	2h 09m	$6K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.316%Rate

Funding earned: $0
Price spread: +0.316% → 0.000%: $31.6
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $21.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	2.68 bp	26.5 bp −$27	doesn't fit	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 13 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	−3.917%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009287	−0.075%	$227K	$204K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009290	−0.043%	$1.9M	$660K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009294	long leg	$977K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009290	−0.043%	$416K	$289K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009300	+0.065%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009298	+0.043%	$826K	$425K	25x	as long as short
Variational Omni MOVEshort	+0.0100%	4h	0.009323	+0.316%	$6K	$1K	—
Binance MOVEUSDT	+0.0157%	4h	0.009288	−0.065%	$2.0M	$4.2M	25x	as long as short
Extended MOVE-USD	+0.0160%	1h	0.009282	−0.133%	$10K	$121K	5x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0172%	4h	0.009285	−0.097%	—	$6.5M	—	as long as short
MEXC MOVE_USDT	+0.0202%	4h	0.009283	−0.118%	$3.8M	$219K	20x	as long as short
Aster MOVEUSDT	+0.0613%	4h	0.009296	+0.017%	$12K	$10K	5x	as long as short