Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1584%/8h= −173.5% APRpaid last 24h −0.070%

Price spread now: Bybit against Extended+0.040%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1711.713% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.240%−$24 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now +0.040%, 7d avg +0.077%

Together, before fees−0.208%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$48 a day on $10k at the current rate, and Bybit is 0.037% cheaper against Extended than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.077%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.240% in total (about -12.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009266	0.1024	pay 0.0128% / 1h	52m 50s	$12K	$188K	5x
Short	Bybit MOVEUSDT	0.009270	−0.0560	pay 0.0280% / 4h	3h 52m	$1.9M	$624K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$332.71
Price spread: +0.040% → +0.077%: −$3.68
Slippage, 4 orders: −$155.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$507.72
Costs to cover: 1.713%
Break-even: never at this rate

Slippage from Extended: live order book, 43 min ago; Bybit: live order book, 4 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, 43 min ago	3.24 bp	35.1 bp −$35	244.8 bp −$2,448	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.40 bp	46.2 bp −$46	166.4 bp −$1,664	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 MOVEUSDTshort	−0.0560%	4h	0.009270	+0.040%	$1.9M	$624K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+0.472%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009269	+0.029%	$230K	$197K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009270	+0.040%	$968K	$923K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	+0.040%	$409K	$241K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009260	−0.068%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009276	+0.105%	$847K	$378K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	−0.030%	$7K	$2K	—	as long as short
BingX MOVE-USDT	+0.1018%	4h	0.009272	+0.062%	—	$6.5M	—	as long as short
Binance MOVEUSDT	+0.1023%	4h	0.009269	+0.026%	$2.0M	$4.4M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USDlong	+0.1024%	1h	0.009266	long leg	$12K	$188K	5x
BloFin MOVE-USDT	+0.1041%	4h	0.009268	+0.018%	$116K	$4K	75x	as long as short
MEXC MOVE_USDT	+0.1074%	4h	0.009269	+0.029%	$3.7M	$214K	20x	as long as short
Aster MOVEUSDT	+0.1320%	4h	0.009291	+0.266%	$11K	$10K	5x	as long as short