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: Variational Omni against Injective+5.586%106s7-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 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 airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Variational Omni is 5.586% dearer against Injective than usual: you sell high and buy low: +$559 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 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	Injective MOVE/USDC PERP	0.008930	0.0033	pay 0.0004% / 1h	49m 29s	$722	$21K	12x
Short	Variational Omni MOVE	0.009429	0.0100	get 0.0050% / 4h	49m 29s	$6K	$2K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +5.586%Rate

Funding earned: $14
Price spread: +5.586% → 0.000%: $558.59
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $572.57
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni no order-book sample	—	—	—	—	—

Injective and 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
Bybit MOVEUSDT	−0.0084%	4h	0.009417	+5.454%	$2.0M	$655K	25x	as long as short
Injective MOVE/USDC PERPlong	+0.0033%	1h	0.008930	long leg	$722	$21K	12x
BloFin MOVE-USDT	+0.0046%	4h	0.009433	+5.633%	$120K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009413	+5.409%	$232K	$206K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009477	+6.130%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009413	+5.404%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009407	+5.342%	$994K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009420	+5.487%	$427K	$340K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009414	+5.420%	$3.8M	$210K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009420	+5.487%	$1.2M	$32K	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	0.009424	+5.532%	$851K	$405K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009425	+5.543%	—	$6.5M	—	as long as short
Variational Omni MOVEshort	+0.0100%	4h	0.009429	+5.586%	$6K	$2K	—
Extended MOVE-USD	+0.0104%	1h	0.009411	+5.388%	$10K	$143K	5x	as long as short