Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Bitget−3.030%101s7-day average — · you buy dearer than you sell

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

Long on Bitget 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—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.030% cheaper against Bitget than usual: you would sell low and buy high (−$303 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 101 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	Bitget MOVEUSDT	0.009209	0.0100	pay 0.0050% / 4h	2h 19m	$832K	$409K	25x
Short	Injective MOVE/USDC PERP	0.008930	0.0033	get 0.0004% / 1h	19m 46s	$722	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now −3.030%Rate

Funding earned: −$14
Price spread: −3.030% → 0.000%: −$302.96
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$328.98
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 26 min ago; 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 Bitget live order book, 26 min ago	7.04 bp	31.7 bp −$32	259.0 bp −$2,590	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−3.030%	$722	$21K	12x
Hyperliquid MOVE	+0.0100%	1h	0.009210	+0.011%	$229K	$201K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009210	+0.011%	$1.9M	$639K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009206	−0.033%	$976K	$938K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009200	−0.098%	$409K	$267K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009190	−0.206%	$1.1M	$28K	25x	as long as short
Bitget MOVEUSDTlong	+0.0100%	4h	0.009209	long leg	$832K	$409K	25x
Variational Omni MOVE	+0.0100%	4h	0.009153	−0.604%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.0254%	4h	0.009203	−0.065%	—	$6.5M	—	as long as short
Extended MOVE-USD	+0.0304%	1h	0.009202	−0.072%	$11K	$167K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.0304%	4h	0.009207	−0.022%	$3.7M	$216K	20x	as long as short
BloFin MOVE-USDT	+0.0331%	4h	0.009157	−0.565%	$117K	$10K	75x	as long as short
Binance MOVEUSDT	+0.0354%	4h	0.009205	−0.043%	$2.0M	$4.4M	25x	as long as short
Aster MOVEUSDT	+0.0383%	4h	0.009219	+0.109%	$10K	$11K	5x	as long as short