Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0049%/8hpaid last 24h +0.023%

Price spread now: Extended against BloFin+0.091%74s7-day average −0.055% · you sell dearer than you buy

to open and close $10k−$97fees + slippage, both legs, in and out

costs, in % of the position0.965%what the two incomes have to cover

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.185%+$19 on $10k

Price spread, last 3 days (all we have)−0.159%−$16 · spread now +0.091%, 7d avg −0.055%

Together, before fees+0.026%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.145% dearer against BloFin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.055%. The two prices were read 74 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	BloFin MOVE-USDT	0.009264	0.0351	pay 0.0175% / 4h	43m 58s	$124K	$17K	75x
Short	Extended MOVE-USD	0.009272	0.0400	get 0.0050% / 1h	43m 58s	$10K	$143K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.091%Rate

Funding earned: $10.3
Price spread: +0.091% → −0.055%: $14.55
Slippage, 4 orders: −$79.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$71.67
Costs to cover: 0.965%
Break-even: 55.7 days

Slippage from BloFin: live order book, 29 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 BloFin live order book, 29 min ago	3.23 bp	12.7 bp −$13	36.1 bp −$361	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	2.70 bp	40.3 bp −$40	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	−3.605%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009273	+0.097%	$224K	$211K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009269	+0.054%	$1.9M	$681K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009286	+0.237%	$979K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009250	−0.151%	$415K	$324K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009260	−0.043%	$1.1M	$43K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009261	−0.032%	$847K	$423K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009255	−0.099%	$6K	$2K	—	as long as short
BingX MOVE-USDT	+0.0256%	4h	0.009277	+0.140%	—	$6.5M	—	as long as short
BloFin MOVE-USDTlong	+0.0351%	4h	0.009264	long leg	$124K	$17K	75x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.0360%	4h	0.009274	+0.108%	$3.8M	$241K	20x	as long as short
Aster MOVEUSDT	+0.0364%	4h	0.009243	−0.230%	$11K	$12K	5x	as long as short
Extended MOVE-USDshort	+0.0400%	1h	0.009272	+0.091%	$10K	$143K	5x
Binance MOVEUSDT	+0.0403%	4h	0.009275	+0.115%	$2.0M	$4.1M	25x	as long as short