Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Variational Omni−4.530%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 4.530% cheaper against Variational Omni than usual: you would sell low and buy high (−$453 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MOVE	0.009354	0.0100	pay 0.0050% / 4h	1h 00m	$6K	$2K	—
Short	Injective MOVE/USDC PERP	0.008930	0.0033	get 0.0004% / 1h	0m 48s	$722	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −4.530%Rate

Funding earned: −$14
Price spread: −4.530% → 0.000%: −$453.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$467.03
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; Injective: 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 Variational Omni no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

Variational Omni and 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
Injective MOVE/USDC PERPshort	+0.0033%	1h	0.008930	−4.530%	$722	$21K	12x
BloFin MOVE-USDT	+0.0077%	4h	0.009371	+0.185%	$120K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009382	+0.302%	$231K	$208K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009396	+0.448%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009377	+0.249%	$2.0M	$4.1M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009383	+0.313%	$1.9M	$649K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009385	+0.334%	$988K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	+0.174%	$425K	$344K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009377	+0.249%	$3.8M	$220K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009390	+0.388%	$1.2M	$33K	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	0.009381	+0.291%	$847K	$411K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009380	+0.281%	—	$6.5M	—	as long as short
Variational Omni MOVElong	+0.0100%	4h	0.009354	long leg	$6K	$2K	—
Extended MOVE-USD	+0.0104%	1h	0.009375	+0.229%	$10K	$143K	5x	as long as short