Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.061%

Price spread now: Bybit against Extended−0.063%7-day average +0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1531.534% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.063%, 7d avg +0.084%

Together, before fees−0.211%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.148% cheaper against Extended than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.084%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009382	−0.0224	get 0.0028% / 1h	33m 29s	$10K	$143K	5x
Short	Bybit MOVEUSDT	0.009376	−0.0419	pay 0.0210% / 4h	1h 33m	$1.9M	$652K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$41
Price spread: −0.063% → +0.084%: −$14.79
Slippage, 4 orders: −$137.44
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$209.23
Costs to cover: 1.534%
Break-even: never at this rate

Slippage from Extended: live order book, 47 min ago; Bybit: live order book, 3 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, 47 min ago	2.67 bp	32.9 bp −$33	244.2 bp −$2,442	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.33 bp	50.2 bp −$50	187.8 bp −$1,878	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
Bybit MOVEUSDTshort	−0.0419%	4h	0.009376	−0.063%	$1.9M	$652K	25x
BloFin MOVE-USDT	−0.0249%	4h	0.009387	+0.054%	$120K	$12K	75x	as long as short
MEXC MOVE_USDT	−0.0226%	4h	0.009386	+0.043%	$3.8M	$218K	20x	as long as short
Extended MOVE-USDlong	−0.0224%	1h	0.009382	long leg	$10K	$143K	5x
Binance MOVEUSDT	−0.0170%	4h	0.009386	+0.047%	$2.0M	$4.1M	25x	as long as short
Aster MOVEUSDT	−0.0141%	4h	0.009398	+0.171%	$12K	$10K	5x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.817%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009381	−0.010%	$231K	$209K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009387	+0.054%	$989K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	−0.234%	$422K	$341K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	−0.234%	$1.2M	$37K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009390	+0.086%	$853K	$420K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009375	−0.074%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009384	+0.021%	$6K	$2K	—	as long as short