Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1155%/8h= +126.5% APRpaid last 24h +0.089%

Price spread now: BloFin against Injective+0.021%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and BloFin is 0.021% dearer against Injective than usual: you sell high and buy low: +$2 more if the spread 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	Injective MOVE/USDC PERP	0.009310	−0.0885	get 0.0111% / 1h	54m 57s	$753	$100	12x
Short	BloFin MOVE-USDT	0.009312	0.0270	get 0.0135% / 4h	1h 54m	$117K	$5K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +0.021%Rate

Funding earned: $242.57
Price spread: +0.021% → 0.000%: $2.15
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $232.7
Costs to cover: 0.120%
Break-even: 0.3 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 16 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 16 min ago	1.61 bp	15.6 bp −$16	53.9 bp −$539	doesn't fit	doesn't fit

Injective: 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 PERPlong	−0.0885%	1h	0.009310	long leg	$753	$100	12x
Hyperliquid MOVE	+0.0100%	1h	0.009307	−0.032%	$232K	$205K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009301	−0.097%	$2.0M	$657K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009300	−0.107%	$982K	$963K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009310	0.000%	$409K	$264K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009290	−0.215%	$1.1M	$28K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009304	−0.064%	$850K	$414K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009323	+0.144%	$6K	$1K	—	as long as short
BloFin MOVE-USDTshort	+0.0270%	4h	0.009312	+0.021%	$117K	$5K	75x
Extended MOVE-USD	+0.0320%	1h	0.009299	−0.117%	$11K	$165K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.0324%	4h	0.009305	−0.059%	$2.0M	$4.5M	25x	as long as short
Aster MOVEUSDT	+0.0358%	4h	0.009261	−0.526%	$10K	$11K	5x	as long as short
MEXC MOVE_USDT	+0.0386%	4h	0.009303	−0.075%	$3.8M	$214K	20x	as long as short
BingX MOVE-USDT	+0.0426%	4h	0.009304	−0.064%	—	$6.5M	—	as long as short