Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against Variational Omni+0.068%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

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 · Extended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.068% dearer against Variational Omni than usual: you sell high and buy low, +$7 on $10k if it 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	Variational Omni MOVE	0.009443	0.0100	pay 0.0050% / 4h	3h 08m	$6K	$1K	—
Short	Extended MOVE-USD	0.009450	0.0104	get 0.0013% / 1h	8m 54s	$10K	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0.84
Price spread: +0.068% → 0.000%: $6.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $2.65
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 62 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 Extended live order book, 62 min ago	2.67 bp	24.6 bp −$25	doesn't fit	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	−5.437%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009455	+0.122%	$234K	$206K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009452	+0.091%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009457	+0.144%	$2.0M	$661K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009453	+0.101%	$995K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009450	+0.069%	$424K	$331K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009453	+0.101%	$3.8M	$214K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	−0.142%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009451	+0.080%	$842K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009456	+0.133%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVElong	+0.0100%	4h	0.009443	long leg	$6K	$1K	—
BloFin MOVE-USDT	+0.0104%	4h	0.009462	+0.197%	$121K	$11K	75x	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009450	+0.068%	$10K	$118K	5x
Aster MOVEUSDT	+0.0421%	4h	0.009435	−0.090%	$12K	$10K	5x	as long as short