Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Hyperliquid+0.085%7-day average +0.024% · you sell dearer than you buy

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

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.085%, 7d avg +0.024%

Together, before fees−0.079%+ Points / potential airdropHyperliquid: Season 2 · farm board−$8 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: OKX is 0.061% dearer against Hyperliquid than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOVE	0.009448	0.0100	pay 0.0013% / 1h	12m 49s	$233K	$206K	3x
Short	OKX MOVE-USDT-SWAP	0.009456	0.0100	get 0.0050% / 4h	3h 12m	$995K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.024%: $6.09
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$12.91
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 37 min ago; OKX: live order book, 4 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, 37 min ago	0.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.59 bp	39.0 bp −$39	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	−5.483%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0053%	4h	0.009441	−0.074%	$121K	$11K	75x	as long as short
Hyperliquid MOVElong	+0.0100%	1h	0.009448	long leg	$233K	$206K	3x
Binance MOVEUSDT	+0.0100%	4h	0.009445	−0.032%	$2.1M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009452	+0.042%	$2.0M	$663K	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009456	+0.085%	$995K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009430	−0.191%	$423K	$330K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009445	−0.032%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009430	−0.191%	$1.2M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009427	−0.222%	$840K	$427K	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	0.009447	−0.011%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009434	−0.153%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009443	−0.054%	$10K	$118K	5x	as long as short
Aster MOVEUSDT	+0.0301%	4h	0.009427	−0.221%	$12K	$10K	5x	as long as short