MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0021%/8h= −2.3% APRnext payment −$0.10 per $10,000 · paid last 24h −0.064%

Price spread now: OKX against BloFin−0.332%103s7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$910.911% of the position

Long on BloFin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.332%, 7d avg +0.020%

Together, before fees+0.290%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.352% cheaper against BloFin than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.020%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you. The two prices were read 103 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	0.009346	0.0121	pay 0.0060% / 4h	1h 07m	$121K	$10K	75x
Short	OKX MOVE-USDT-SWAP	0.009315	0.0100	get 0.0050% / 4h	1h 07m	$983K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against BloFin. 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 BloFinbpFee OKXbpOrdersPrice spread, now −0.332%Rate

Funding earned: −$4.36
Price spread: −0.332% → +0.020%: −$35.18
Slippage, 4 orders: −$69.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$130.69
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from BloFin: live order book, 28 min ago; OKX: live order book, 4 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, 28 min ago	2.14 bp	11.6 bp −$12	58.8 bp −$588	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.67 bp	33.9 bp −$34	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	−4.451%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009318	−0.300%	$227K	$196K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009310	−0.389%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009307	−0.417%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009315	−0.332%	$983K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009320	−0.278%	$417K	$279K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009317	−0.310%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009320	−0.278%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009312	−0.364%	$827K	$417K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009320	−0.278%	—	$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	0.009333	−0.137%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009312	−0.368%	$10K	$126K	5x	as long as short
BloFin MOVE-USDTlong	+0.0121%	4h	0.009346	long leg	$121K	$10K	75x
Aster MOVEUSDT	+0.0219%	4h	0.009321	−0.266%	$12K	$10K	5x	as long as short