Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.059%

Price spread now: BingX against Variational Omni+0.065%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

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: BingX is 0.065% dearer against Variational Omni 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	Variational Omni MOVE	0.009424	0.0100	pay 0.0050% / 4h	1h 38m	$6K	$2K	—
Short	BingX MOVE-USDT	0.009430	0.0100	get 0.0050% / 4h	1h 38m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → 0.000%: $6.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$3.54
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 12 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	4.28 bp	22.3 bp −$22	124.7 bp −$1,247	620.4 bp −$62.0K	948.9 bp −$474.5K

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
Bybit MOVEUSDT	−0.0628%	4h	0.009422	−0.020%	$2.0M	$650K	25x	as long as short
Extended MOVE-USD	−0.0256%	1h	0.009420	−0.046%	$10K	$143K	5x	as long as short
Binance MOVEUSDT	−0.0256%	4h	0.009421	−0.031%	$2.0M	$4.1M	25x	as long as short
BloFin MOVE-USDT	−0.0250%	4h	0.009422	−0.020%	$121K	$12K	75x	as long as short
Aster MOVEUSDT	−0.0200%	4h	0.009484	+0.640%	$12K	$10K	5x	as long as short
MEXC MOVE_USDT	−0.0198%	4h	0.009421	−0.031%	$3.8M	$217K	20x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−5.241%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009417	−0.073%	$231K	$208K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009421	−0.031%	$992K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009420	−0.042%	$426K	$339K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	+0.065%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009427	+0.033%	$856K	$420K	25x	as long as short
BingX MOVE-USDTshort	+0.0100%	4h	0.009430	+0.065%	—	$6.5M	—
Variational Omni MOVElong	+0.0100%	4h	0.009424	long leg	$6K	$2K	—