Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: OKX against Injective+4.994%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 OKX

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 +$2 a day on $10k at the current rate, and OKX is 4.994% dearer against Injective than usual: you sell high and buy low: +$499 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	0.008930	0.0033	pay 0.0004% / 1h	21m 09s	$722	$21K	12x
Short	OKX MOVE-USDT-SWAP	0.009376	0.0100	get 0.0050% / 4h	21m 09s	$992K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +4.994%Rate

Funding earned: $14
Price spread: +4.994% → 0.000%: $499.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: $503.42
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; OKX: live order book, just now. 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 OKX live order book, just now	2.67 bp	30.6 bp −$31	doesn't fit	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
Bybit MOVEUSDT	−0.0173%	4h	0.009370	+4.927%	$1.9M	$670K	25x	as long as short
MEXC MOVE_USDT	−0.0026%	4h	0.009375	+4.983%	$3.8M	$213K	20x	as long as short
BloFin MOVE-USDT	+0.0025%	4h	0.009376	+4.994%	$120K	$11K	75x	as long as short
Injective MOVE/USDC PERPlong	+0.0033%	1h	0.008930	long leg	$722	$21K	12x
Extended MOVE-USD	+0.0048%	1h	0.009390	+5.154%	$10K	$143K	5x	as long as short
Binance MOVEUSDT	+0.0051%	4h	0.009377	+5.006%	$2.0M	$4.2M	25x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009377	+5.006%	$231K	$206K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	+4.580%	$12K	$10K	5x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009376	+4.994%	$992K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009370	+4.927%	$424K	$344K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	+4.815%	$1.2M	$30K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009385	+5.095%	$839K	$410K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009377	+5.006%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009389	+5.137%	$6K	$1K	—	as long as short