Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.037%

Price spread now: Extended against Aster−0.286%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Extended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Extended is 0.286% cheaper against Aster than usual: you would sell low and buy high (−$29 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	Aster MOVEUSDT	0.009398	−0.0141	get 0.0070% / 4h	1h 33m	$12K	$10K	5x
Short	Extended MOVE-USD	0.009371	−0.0224	pay 0.0028% / 1h	33m 51s	$10K	$143K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.286%Rate

Funding earned: −$17.49
Price spread: −0.286% → 0.000%: −$28.56
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$59.05
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: no order-book sample; Extended: live order book, 47 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 Aster no order-book sample	—	—	—	—	—
Sell Extended live order book, 47 min ago	2.67 bp	19.1 bp −$19	doesn't fit	doesn't fit	doesn't fit

Aster: 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	−0.0419%	4h	0.009375	−0.245%	$1.9M	$652K	25x	as long as short
MEXC MOVE_USDT	−0.0294%	4h	0.009377	−0.223%	$3.8M	$218K	20x	as long as short
BloFin MOVE-USDT	−0.0249%	4h	0.009387	−0.117%	$120K	$12K	75x	as long as short
Extended MOVE-USDshort	−0.0224%	1h	0.009371	−0.286%	$10K	$143K	5x
Binance MOVEUSDT	−0.0170%	4h	0.009385	−0.139%	$2.0M	$4.1M	25x	as long as short
Aster MOVEUSDTlong	−0.0141%	4h	0.009398	long leg	$12K	$10K	5x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.980%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009381	−0.181%	$231K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009385	−0.138%	$988K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	−0.404%	$422K	$341K	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	0.009360	−0.404%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009386	−0.128%	$853K	$420K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009369	−0.309%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009384	−0.150%	$6K	$2K	—	as long as short