Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.2313%/8h= −253.3% APRpaid last 24h −0.089%

Price spread now: Injective against BloFin+0.507%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.507% dearer against BloFin than usual: you sell high and buy low (spread +0.507% now, against zero (this spread has no 7-day history yet)): +$51 on $10k if it goes back. Holding the pair costs −$69 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MOVE-USDT	0.009263	0.1428	pay 0.0714% / 4h	1h 02m	$116K	$4K	75x
Short	Injective MOVE/USDC PERP	0.009310	−0.0885	pay 0.0111% / 1h	2m 36s	$753	$100	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.507%Rate

Funding earned: −$485.76
Price spread: +0.507% → 0.000%: $50.74
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$447.04
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 4 min ago; 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 BloFin live order book, 4 min ago	2.70 bp	19.2 bp −$19	59.0 bp −$590	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0885%	1h	0.009310	+0.507%	$753	$100	12x
Hyperliquid MOVE	+0.0100%	1h	0.009248	−0.162%	$231K	$203K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009250	−0.140%	$1.9M	$652K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009247	−0.173%	$975K	$924K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009260	−0.032%	$406K	$266K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009250	−0.140%	$1.1M	$22K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009250	−0.140%	$846K	$386K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009273	+0.112%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.1304%	4h	0.009260	−0.032%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.1384%	4h	0.009239	−0.254%	$10K	$11K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.1400%	1h	0.009238	−0.266%	$11K	$177K	5x	as long as short
MEXC MOVE_USDT	+0.1402%	4h	0.009238	−0.270%	$3.7M	$218K	20x	as long as short
Binance MOVEUSDT	+0.1403%	4h	0.009241	−0.238%	$2.0M	$4.4M	25x	as long as short
BloFin MOVE-USDTlong	+0.1428%	4h	0.009263	long leg	$116K	$4K	75x