Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against OKX+0.058%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1321.324% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.226%−$23 · spread now +0.058%, 7d avg −0.077%

Together, before fees−0.165%+ Points / potential airdropExtended: Active · farm board−$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.135% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009325	0.0100	pay 0.0050% / 4h	1h 58m	$981K	$1.0M	20x
Short	Extended MOVE-USD	0.009330	0.0104	get 0.0013% / 1h	58m 24s	$10K	$121K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. 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 OKXbpFee ExtendedbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0.84
Price spread: +0.058% → −0.077%: $13.47
Slippage, 4 orders: −$117.44
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$118.14
Costs to cover: 1.324%
Break-even: 991.5 days

Slippage from OKX: live order book, 3 min ago; Extended: live order book, 2 min ago.

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 OKX live order book, 3 min ago	3.21 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	2.68 bp	39.6 bp −$40	doesn't fit	doesn't fit	doesn't fit

MOVE on 13 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	−4.236%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009325	0.000%	$227K	$204K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009330	+0.055%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009335	+0.107%	$1.9M	$644K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009325	long leg	$981K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009330	+0.054%	$418K	$271K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009330	+0.054%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	+0.054%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009334	+0.097%	$829K	$420K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009333	+0.090%	$6K	$1K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USDshort	+0.0104%	1h	0.009330	+0.058%	$10K	$121K	5x
BingX MOVE-USDT	+0.0148%	4h	0.009321	−0.043%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0283%	4h	0.009356	+0.333%	$12K	$10K	5x	as long as short