Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0398%/8h= −43.5% APRpaid last 24h −0.115%

Price spread now: Injective against Aster−3.156%87s7-day average — · you buy dearer than you sell

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

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Injective is 3.156% cheaper against Aster than usual: you would sell low and buy high (−$316 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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	Aster MOVEUSDT	0.009221	0.0431	pay 0.0215% / 4h	3h 07m	$10K	$11K	5x
Short	Injective MOVE/USDC PERP	0.008930	0.0033	get 0.0004% / 1h	7m 46s	$722	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now −3.156%Rate

Funding earned: −$83.51
Price spread: −3.156% → 0.000%: −$315.6
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$407.13
Costs to cover: 0.080%
Break-even: never at this rate

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

Aster and Injective: 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 PERPshort	+0.0033%	1h	0.008930	−3.156%	$722	$21K	12x
Hyperliquid MOVE	+0.0100%	1h	0.009234	+0.141%	$230K	$200K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009220	−0.011%	$1.9M	$631K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009213	−0.087%	$975K	$936K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009230	+0.097%	$412K	$265K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009230	+0.097%	$1.1M	$27K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009228	+0.076%	$820K	$395K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009248	+0.296%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.0204%	4h	0.009227	+0.065%	—	$6.5M	—	as long as short
BloFin MOVE-USDT	+0.0316%	4h	0.009215	−0.065%	$119K	$10K	75x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0328%	1h	0.009221	+0.004%	$10K	$142K	5x	as long as short
MEXC MOVE_USDT	+0.0328%	4h	0.009227	+0.065%	$3.7M	$216K	20x	as long as short
Binance MOVEUSDT	+0.0330%	4h	0.009227	+0.068%	$2.0M	$4.3M	25x	as long as short
Aster MOVEUSDTlong	+0.0431%	4h	0.009221	long leg	$10K	$11K	5x