Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0335%/8hnext payment +$1.67 per $10,000 · paid last 24h +0.037%

Price spread now: BloFin against Variational Omni−0.140%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BloFin

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

Funding pays, the price is against you. BloFin is 0.140% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 33 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MOVE	0.009285	0.0100	pay 0.0050% / 4h	6m 40s	$6K	$2K	—
Short	BloFin MOVE-USDT	0.009272	0.0435	get 0.0217% / 4h	6m 40s	$122K	$12K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee BloFinbpOrdersPrice spread, now −0.140%Rate

Funding earned: $70.3
Price spread: −0.140% → 0.000%: −$13.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $44.35
Costs to cover: 0.120%
Break-even: 2.6 days

Slippage unknown: Variational Omni: no order-book sample; BloFin: live order book, 17 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BloFin live order book, 17 min ago	3.76 bp	15.7 bp −$16	49.5 bp −$495	doesn't fit	doesn't fit

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	−3.823%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009272	−0.140%	$225K	$211K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009272	−0.140%	$1.9M	$672K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009279	−0.064%	$981K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	−0.161%	$418K	$329K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009270	−0.161%	$1.1M	$42K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009288	+0.033%	$840K	$413K	25x	as long as short
Variational Omni MOVElong	+0.0100%	4h	0.009285	long leg	$6K	$2K	—
BingX MOVE-USDT	+0.0396%	4h	0.009281	−0.043%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0431%	4h	0.009251	−0.370%	$11K	$12K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MOVE-USDTshort	+0.0435%	4h	0.009272	−0.140%	$122K	$12K	75x
Extended MOVE-USD	+0.0440%	1h	0.009268	−0.182%	$10K	$143K	5x	as long as short
MEXC MOVE_USDT	+0.0442%	4h	0.009271	−0.150%	$3.8M	$243K	20x	as long as short
Binance MOVEUSDT	+0.0486%	4h	0.009271	−0.150%	$2.0M	$4.1M	25x	as long as short