Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.061%

Price spread now: Bitget against Extended+0.113%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1291.293% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.113%, 7d avg +0.050%

Together, before fees−0.032%+ Points / potential airdropExtended: Active · farm board−$3 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: Bitget is 0.063% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009337	0.0104	pay 0.0013% / 1h	40m 49s	$10K	$125K	5x
Short	Bitget MOVEUSDT	0.009348	0.0100	get 0.0050% / 4h	1h 40m	$830K	$420K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$0.84
Price spread: +0.113% → +0.050%: $6.3
Slippage, 4 orders: −$112.33
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$123.87
Costs to cover: 1.293%
Break-even: never at this rate

Slippage from Extended: live order book, 20 min ago; Bitget: live order book, 20 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 Extended live order book, 20 min ago	2.68 bp	26.7 bp −$27	237.8 bp −$2,378	doesn't fit	doesn't fit
Sell Bitget live order book, 20 min ago	8.03 bp	29.4 bp −$29	255.2 bp −$2,552	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	−4.364%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009344	+0.070%	$228K	$201K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009335	−0.023%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009343	+0.056%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009351	+0.145%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009352	+0.156%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	+0.027%	$418K	$275K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009342	+0.049%	$3.8M	$211K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.134%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009348	+0.113%	$830K	$420K	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	0.009359	+0.231%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009338	+0.008%	$6K	$1K	—	as long as short
Extended MOVE-USDlong	+0.0104%	1h	0.009337	long leg	$10K	$125K	5x
BloFin MOVE-USDT	+0.0144%	4h	0.009358	+0.220%	$121K	$10K	75x	as long as short