Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.002%

Price spread now: Extended against BloFin+0.050%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1000.996% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.167%+$17 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now +0.050%, 7d avg −0.052%

Together, before fees+0.068%+ Points / potential airdropExtended: Active · farm board+$7 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 Extended is 0.103% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MOVE-USDT	0.009331	0.0077	pay 0.0038% / 4h	1h 14m	$120K	$12K	75x
Short	Extended MOVE-USD	0.009336	0.0104	get 0.0013% / 1h	14m 25s	$10K	$143K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee BloFinbpFee ExtendedbpOrdersPrice spread, now +0.050%Rate

Funding earned: $5.74
Price spread: +0.050% → −0.052%: $10.26
Slippage, 4 orders: −$82.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$83.61
Costs to cover: 0.996%
Break-even: 109.0 days

Slippage from BloFin: live order book, 58 min ago; Extended: live order book, 1 min ago.

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 BloFin live order book, 58 min ago	2.14 bp	16.2 bp −$16	49.7 bp −$497	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	2.14 bp	33.8 bp −$34	doesn't fit	doesn't fit	doesn't fit

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	−0.0004%	4h	0.009346	+0.161%	$1.9M	$651K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.298%	$722	$21K	12x	as long as short
BloFin MOVE-USDTlong	+0.0077%	4h	0.009331	long leg	$120K	$12K	75x
Hyperliquid MOVE	+0.0100%	1h	0.009341	+0.107%	$230K	$209K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009360	+0.311%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009338	+0.075%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009352	+0.225%	$984K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	+0.096%	$424K	$343K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009337	+0.064%	$3.8M	$219K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.204%	$1.2M	$35K	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	0.009351	+0.214%	$845K	$413K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009341	+0.107%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009334	+0.030%	$6K	$2K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009336	+0.050%	$10K	$143K	5x