Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against Variational Omni+0.164%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 Hyperliquid

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 · Hyperliquid: Season 2 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.164% dearer against Variational Omni than usual: you sell high and buy low, +$16 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	0.009369	0.0100	pay 0.0050% / 4h	7m 15s	$6K	$1K	—
Short	Hyperliquid MOVE	0.009384	0.0100	get 0.0013% / 1h	7m 15s	$231K	$205K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → 0.000%: $16.39
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $7.39
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: no order-book sample; Hyperliquid: live order book, 52 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 Hyperliquid live order book, 52 min ago	0.53 bp	doesn't fit	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	−4.682%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0070%	4h	0.009387	+0.196%	$121K	$11K	75x	as long as short
Hyperliquid MOVEshort	+0.0100%	1h	0.009384	+0.164%	$231K	$205K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.316%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009382	+0.139%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009380	+0.121%	$1.9M	$663K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009382	+0.143%	$991K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	−0.092%	$423K	$344K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009378	+0.100%	$3.8M	$214K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009380	+0.121%	$1.2M	$30K	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	0.009392	+0.249%	$841K	$409K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009369	+0.004%	—	$6.5M	—	as long as short
Variational Omni MOVElong	+0.0100%	4h	0.009369	long leg	$6K	$1K	—
Extended MOVE-USD	+0.0104%	1h	0.009381	+0.133%	$10K	$143K	5x	as long as short