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 −0.015%

Price spread now: Extended against Binance−0.050%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1011.005% of the position

Long on Binance Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.137%+$14 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.050%, 7d avg −0.025%

Together, before fees+0.127%+ Points / potential airdropExtended: Active · farm board+$13 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 0.026% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009459	0.0100	pay 0.0050% / 4h	3h 09m	$2.1M	$4.2M	25x
Short	Extended MOVE-USD	0.009455	0.0104	get 0.0013% / 1h	9m 54s	$10K	$118K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Binance. 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 BinancebpFee ExtendedbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0.84
Price spread: −0.050% → −0.025%: −$2.56
Slippage, 4 orders: −$85.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$102.26
Costs to cover: 1.005%
Break-even: 859.1 days

Slippage from Binance: live order book, 12 min ago; Extended: live order book, 61 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 Binance live order book, 12 min ago	1.07 bp	19.2 bp −$19	125.3 bp −$1,253	doesn't fit	doesn't fit
Sell Extended live order book, 61 min ago	2.67 bp	24.6 bp −$25	doesn't fit	doesn't fit	doesn't fit

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	−5.597%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009456	−0.036%	$234K	$206K	3x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009459	long leg	$2.1M	$4.2M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009455	−0.047%	$2.0M	$662K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009461	+0.016%	$996K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009440	−0.206%	$424K	$331K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009460	+0.006%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	−0.311%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009463	+0.038%	$843K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009458	−0.015%	—	$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 MOVE	+0.0100%	4h	0.009443	−0.169%	$6K	$1K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009455	−0.050%	$10K	$118K	5x
BloFin MOVE-USDT	+0.0115%	4h	0.009433	−0.280%	$121K	$11K	75x	as long as short
Aster MOVEUSDT	+0.0384%	4h	0.009432	−0.286%	$12K	$10K	5x	as long as short