Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against Bitget−0.221%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now −0.221%, 7d avg −0.051%

Together, before fees+0.194%+ Points / potential airdropExtended: Active · farm board+$19 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 0.171% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009256	0.0100	pay 0.0050% / 4h	49m 11s	$819K	$419K	25x
Short	Extended MOVE-USD	0.009236	0.0104	get 0.0013% / 1h	49m 11s	$10K	$121K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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 BitgetbpFee ExtendedbpOrdersPrice spread, now −0.221%Rate

Funding earned: $0.84
Price spread: −0.221% → −0.051%: −$17.08
Slippage, 4 orders: −$99.25
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$132.49
Costs to cover: 1.163%
Break-even: 1111.1 days

Slippage from Bitget: live order book, 6 min ago; Extended: live order book, 6 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 Bitget live order book, 6 min ago	5.93 bp	29.3 bp −$29	286.6 bp −$2,866	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	2.16 bp	38.0 bp −$38	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	−3.522%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009239	−0.184%	$226K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009274	+0.193%	$11K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009238	−0.196%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009241	−0.162%	$1.9M	$639K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009239	−0.184%	$976K	$986K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009240	−0.173%	$413K	$263K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009238	−0.194%	$3.7M	$209K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009260	+0.043%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDTlong	+0.0100%	4h	0.009256	long leg	$819K	$419K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009252	−0.043%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	+0.080%	$6K	$1K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009236	−0.221%	$10K	$121K	5x
BloFin MOVE-USDT	+0.0145%	4h	0.009245	−0.119%	$121K	$10K	75x	as long as short