Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h +0.008%

Price spread now: Binance against Extended−0.018%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1051.054% of the position

Long on Extended Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.018%, 7d avg +0.024%

Together, before fees−0.114%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.042% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009269	0.1136	pay 0.0142% / 1h	39m 26s	$10K	$194K	5x
Short	Binance MOVEUSDT	0.009267	0.1113	get 0.0557% / 4h	39m 26s	$2.0M	$4.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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 ExtendedbpFee BinancebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$4.76
Price spread: −0.018% → +0.024%: −$4.24
Slippage, 4 orders: −$90.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$114.42
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from Extended: live order book, 61 min ago; Binance: live order book, 12 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 Extended live order book, 61 min ago	2.70 bp	41.7 bp −$42	257.7 bp −$2,577	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.08 bp	18.3 bp −$18	106.5 bp −$1,065	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
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+0.442%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009276	+0.075%	$232K	$204K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009277	+0.086%	$1.9M	$643K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009277	+0.086%	$972K	$925K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009280	+0.118%	$407K	$259K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009280	+0.118%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009273	+0.043%	$849K	$380K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009293	+0.261%	$6K	$1K	—	as long as short
Binance MOVEUSDTshort	+0.1113%	4h	0.009267	−0.018%	$2.0M	$4.4M	25x
Extended MOVE-USDlong	+0.1136%	1h	0.009269	long leg	$10K	$194K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.1138%	4h	0.009266	−0.033%	$3.7M	$215K	20x	as long as short
BingX MOVE-USDT	+0.1144%	4h	0.009282	+0.140%	—	$6.5M	—	as long as short
BloFin MOVE-USDT	+0.1184%	4h	0.009288	+0.205%	$116K	$4K	75x	as long as short
Aster MOVEUSDT	+0.1312%	4h	0.009276	+0.079%	$11K	$11K	5x	as long as short