Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h +0.063%

Price spread now: BloFin against Hyperliquid−0.011%87s7-day average −0.002% · you buy dearer than you sell

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

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 3 days (all we have)+0.167%+$17 · spread now −0.011%, 7d avg −0.002%

Together, before fees−0.041%+ Points / potential airdropHyperliquid: Season 2 · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour. The two prices were read 87 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	Hyperliquid MOVE	0.009360	0.0100	pay 0.0013% / 1h	31m 34s	$229K	$210K	3x
Short	BloFin MOVE-USDT	0.009359	0.0128	get 0.0064% / 4h	2h 31m	$122K	$12K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Hyperliquid. 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 HyperliquidbpFee BloFinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $5.94
Price spread: −0.011% → −0.002%: −$0.9
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.95
Costs to cover: 0.210%
Break-even: 25.8 days

Slippage unknown: Hyperliquid: live order book, 52 min ago; BloFin: live order book, 48 min ago. 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 Hyperliquid live order book, 52 min ago	1.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	1.61 bp	13.6 bp −$14	40.9 bp −$409	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 MOVEUSDT	−0.0479%	4h	0.009360	0.000%	$1.9M	$658K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009360	long leg	$229K	$210K	3x
Aster MOVEUSDT	+0.0100%	4h	0.009380	+0.211%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009357	−0.027%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009361	+0.011%	$984K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009360	0.000%	$422K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009361	+0.011%	$3.8M	$230K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	−0.107%	$1.2M	$38K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009366	+0.064%	$850K	$424K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009364	+0.043%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009345	−0.164%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009359	−0.013%	$10K	$143K	5x	as long as short
BloFin MOVE-USDTshort	+0.0128%	4h	0.009359	−0.011%	$122K	$12K	75x