Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.031%

Price spread now: Bitget against Injective−0.483%61s7-day average — · you buy dearer than you sell

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

Long on Injective Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.483% cheaper against Injective than usual: you would sell low and buy high (spread −0.483% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 24 days of funding at the current rate (+$2 a day). The two prices were read 61 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	Injective MOVE/USDC PERP	0.009310	0.0033	pay 0.0004% / 1h	22m 18s	$753	$100	12x
Short	Bitget MOVEUSDT	0.009265	0.0100	get 0.0050% / 4h	3h 22m	$853K	$373K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Injective. 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 InjectivebpFee BitgetbpOrdersPrice spread, now −0.483%Rate

Funding earned: $14
Price spread: −0.483% → 0.000%: −$48.34
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.36
Costs to cover: 0.120%
Break-even: 30.2 days

Slippage unknown: Injective: no order-book sample; Bitget: live order book, 8 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 Injective no order-book sample	—	—	—	—	—
Sell Bitget live order book, 8 min ago	8.18 bp	17.3 bp −$17	138.6 bp −$1,386	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	+0.0033%	1h	0.009310	long leg	$753	$100	12x
Hyperliquid MOVE	+0.0100%	1h	0.009264	−0.494%	$229K	$192K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009264	−0.494%	$1.9M	$617K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009265	−0.483%	$964K	$912K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009240	−0.752%	$408K	$243K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009250	−0.644%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDTshort	+0.0100%	4h	0.009265	−0.483%	$853K	$373K	25x
Variational Omni MOVE	+0.0100%	4h	0.009173	−1.469%	$7K	$2K	—	as long as short
BingX MOVE-USDT	+0.0890%	4h	0.009268	−0.451%	—	$6.5M	—	as long as short
MEXC MOVE_USDT	+0.1012%	4h	0.009271	−0.419%	$3.7M	$215K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.1014%	4h	0.009273	−0.397%	$2.0M	$4.4M	25x	as long as short
Extended MOVE-USD	+0.1016%	1h	0.009281	−0.310%	$11K	$192K	5x	as long as short
BloFin MOVE-USDT	+0.1034%	4h	0.009243	−0.720%	$116K	$4K	75x	as long as short
Aster MOVEUSDT	+0.1353%	4h	0.009283	−0.285%	$11K	$10K	5x	as long as short