Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Hyperliquid−0.462%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.462% cheaper against Hyperliquid than usual: you would sell low and buy high, −$46 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009427	0.0100	pay 0.0013% / 1h	16m 19s	$233K	$206K	3x
Short	Variational Omni MOVE	0.009383	0.0100	get 0.0050% / 4h	3h 16m	$6K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.462%Rate

Funding earned: $0
Price spread: −0.462% → 0.000%: −$46.2
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$55.2
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 33 min ago; Variational Omni: 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 Hyperliquid live order book, 33 min ago	0.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 PERP	+0.0033%	1h	0.008930	−5.272%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0045%	4h	0.009389	−0.403%	$121K	$11K	75x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009427	long leg	$233K	$206K	3x
Binance MOVEUSDT	+0.0100%	4h	0.009425	−0.021%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009418	−0.095%	$2.0M	$663K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009430	+0.032%	$993K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009400	−0.286%	$422K	$330K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009425	−0.021%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009400	−0.286%	$1.2M	$27K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009415	−0.127%	$839K	$427K	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	0.009409	−0.191%	—	$6.5M	—	as long as short
Variational Omni MOVEshort	+0.0100%	4h	0.009383	−0.462%	$6K	$1K	—
Extended MOVE-USD	+0.0104%	1h	0.009417	−0.110%	$10K	$122K	5x	as long as short
Aster MOVEUSDT	+0.0250%	4h	0.009401	−0.278%	$12K	$10K	5x	as long as short