Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.076%

Price spread now: Binance against Hyperliquid+0.371%7-day average −0.028% · you sell dearer than you buy

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

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 4 days (all we have)−0.356%−$36 · spread now +0.371%, 7d avg −0.028%

Together, before fees−0.557%+ Points / potential airdropHyperliquid: Season 2 · farm board−$56 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.399% dearer against Hyperliquid than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009412	0.0100	pay 0.0013% / 1h	56m 00s	$232K	$208K	3x
Short	Binance MOVEUSDT	0.009447	0.0100	get 0.0050% / 4h	56m 00s	$2.0M	$4.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now +0.371%Rate

Funding earned: $0
Price spread: +0.371% → −0.028%: $39.9
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $20.9
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Hyperliquid: live order book, 3 min ago; Binance: live order book, 11 min ago. 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 Hyperliquid live order book, 3 min ago	0.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.14 bp	17.8 bp −$18	114.5 bp −$1,145	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	0.008930	−5.121%	$722	$21K	12x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009412	long leg	$232K	$208K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009472	+0.634%	$12K	$10K	5x	as long as short
Binance MOVEUSDTshort	+0.0100%	4h	0.009447	+0.371%	$2.0M	$4.1M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009427	+0.159%	$2.0M	$652K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009420	+0.085%	$993K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009410	−0.021%	$427K	$340K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009402	−0.106%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	+0.191%	$1.2M	$33K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009423	+0.117%	$851K	$411K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009433	+0.223%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009359	−0.566%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009445	+0.352%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0115%	4h	0.009403	−0.096%	$120K	$12K	75x	as long as short