Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h +0.081%

Price spread now: Extended against OKX−0.064%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1341.339% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.159%+$16 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.064%, 7d avg −0.072%

Together, before fees+0.132%+ Points / potential airdropExtended: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.072%, 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 paid +0.159%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009160	0.0100	pay 0.0050% / 4h	1h 28m	$936K	$823K	20x
Short	Extended MOVE-USD	0.009154	0.0056	get 0.0007% / 1h	28m 46s	$11K	$190K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OKXbpFee ExtendedbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$9.24
Price spread: −0.064% → −0.072%: $0.75
Slippage, 4 orders: −$118.86
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$142.34
Costs to cover: 1.339%
Break-even: never at this rate

Slippage from OKX: live order book, 16 min ago; Extended: live order book, 15 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 OKX live order book, 16 min ago	4.88 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 15 min ago	2.71 bp	37.1 bp −$37	doesn't fit	doesn't fit	doesn't fit

MOVE on 14 exchanges

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	−0.0957%	4h	0.009168	+0.087%	$1.9M	$560K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.009310	+1.638%	$753	$100	12x	as long as short
Extended MOVE-USDshort	+0.0056%	1h	0.009154	−0.064%	$11K	$190K	5x
MEXC MOVE_USDT	+0.0056%	4h	0.009155	−0.055%	$3.7M	$183K	20x	as long as short
Binance MOVEUSDT	+0.0083%	4h	0.009157	−0.036%	$1.9M	$4.1M	25x	as long as short
BloFin MOVE-USDT	+0.0087%	4h	0.009161	+0.011%	$114K	$4K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009160	0.000%	$225K	$182K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009154	−0.061%	$11K	$10K	5x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009160	long leg	$936K	$823K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009160	0.000%	$398K	$231K	25x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009160	0.000%	$1.1M	$17K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009163	+0.033%	$827K	$324K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009159	−0.011%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009163	+0.031%	$7K	$1K	—	as long as short