Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.063%

Price spread now: BloFin against Hyperliquid+0.032%67s7-day average −0.001% · you sell dearer than you buy

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

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 3 days (all we have)+0.095%+$10 · spread now +0.032%, 7d avg −0.001%

Together, before fees−0.112%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.033% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.001%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 44 hours. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009429	0.0100	pay 0.0013% / 1h	52m 11s	$232K	$206K	3x
Short	BloFin MOVE-USDT	0.009432	0.0040	get 0.0020% / 4h	52m 11s	$121K	$12K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$12.51
Price spread: +0.032% → −0.001%: $3.26
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.24
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 7 min ago; BloFin: live order book, 8 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, 7 min ago	0.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	0.53 bp	20.5 bp −$21	63.2 bp −$632	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	−5.292%	$722	$21K	12x	as long as short
BloFin MOVE-USDTshort	+0.0040%	4h	0.009432	+0.032%	$121K	$12K	75x
Bybit MOVEUSDT	+0.0079%	4h	0.009438	+0.095%	$2.0M	$655K	25x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009429	long leg	$232K	$206K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009478	+0.522%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009434	+0.049%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009438	+0.095%	$994K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009440	+0.117%	$428K	$340K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009432	+0.032%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	+0.011%	$1.2M	$33K	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	0.009437	+0.085%	$852K	$408K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009432	+0.032%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009389	−0.428%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009435	+0.059%	$10K	$143K	5x	as long as short