Settings8H · net · $10k
Funding arb · Price arb /

MOVE

all MOVE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against BloFin+0.119%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$760.757% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.233%−$23 · spread now +0.119%, 7d avg −0.016%
Together, before fees−0.229%−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.135% dearer against BloFin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MOVE-USDT0.0092460.0501pay 0.0251% / 4h2h 18m$114K$4K75x
ShortBinance MOVEUSDT0.0092570.0538get 0.0269% / 4h2h 18m$2.0M$4.2M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against BloFin. 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

Funding earned
$7.7
Price spread: +0.119% → −0.016%
$13.54
Slippage, 4 orders
−$53.65
Fee BloFin: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$54.42
Costs to cover
0.757%
Break-even
56.5 days
Slippage from BloFin: live order book, 24 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 24 min ago2.70 bp15.6 bp −$1643.5 bp −$435doesn't fitdoesn't fit
Sell Binance live order book, 11 min ago0.54 bp21.9 bp −$22103.8 bp −$1,038doesn't fitdoesn't fit

MOVE on 14 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MOVE/USDC PERP+0.0033%1h0.009310+0.692%$753$10012xas long as short
Bybit MOVEUSDT+0.0094%4h0.009260+0.151%$1.9M$558K25xas long as short
Hyperliquid MOVE+0.0100%1h0.009261+0.162%$229K$186K3xas long as short
OKX MOVE-USDT-SWAP+0.0100%4h0.009263+0.184%$955K$858K20xas long as short
Gate MOVE_USDT+0.0100%8h0.009270+0.260%$407K$229K25xas long as short
KuCoin MOVEUSDTM+0.0100%4h0.009270+0.260%$1.1M$18K25xas long as short
Bitget MOVEUSDT+0.0100%4h0.009271+0.270%$848K$344K25xas long as short
Variational Omni MOVE+0.0100%4h0.009263+0.185%$7K$1Kas long as short
BingX MOVE-USDT+0.0483%4h0.009265+0.205%$6.5Mas long as short
BloFin MOVE-USDTlong+0.0501%4h0.009246long leg$114K$4K75x
Show all 14 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended MOVE-USD+0.0536%1h0.009246+0.002%$12K$194K5xas long as short
MEXC MOVE_USDT+0.0536%4h0.009254+0.087%$3.7M$200K20xas long as short
Binance MOVEUSDTshort+0.0538%4h0.009257+0.119%$2.0M$4.2M25x
Aster MOVEUSDT+0.0902%4h0.009290+0.480%$11K$11K5xas long as short