Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.031%

Price spread now: Injective against OKX+0.638%7-day average — · you sell dearer than you buy

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

Long on OKX Short on Injective

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

The price spread pays, funding is against you. Injective is 0.638% dearer against OKX than usual: you sell high and buy low (spread +0.638% now, against zero (this spread has no 7-day history yet)): +$64 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009251	0.0100	pay 0.0050% / 4h	2h 19m	$954K	$857K	20x
Short	Injective MOVE/USDC PERP	0.009310	0.0033	get 0.0004% / 1h	19m 25s	$753	$100	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +0.638%Rate

Funding earned: −$14
Price spread: +0.638% → 0.000%: $63.78
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $39.76
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 30 min ago; Injective: no order-book sample. 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 OKX live order book, 30 min ago	4.33 bp	33.5 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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 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
Injective MOVE/USDC PERPshort	+0.0033%	1h	0.009310	+0.638%	$753	$100	12x
Hyperliquid MOVE	+0.0100%	1h	0.009255	+0.043%	$228K	$186K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009262	+0.119%	$1.9M	$558K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009251	long leg	$954K	$857K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009270	+0.205%	$407K	$229K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009280	+0.313%	$1.1M	$18K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009271	+0.216%	$848K	$345K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	+0.131%	$7K	$1K	—	as long as short
BingX MOVE-USDT	+0.0476%	4h	0.009262	+0.119%	—	$6.5M	—	as long as short
Extended MOVE-USD	+0.0536%	1h	0.009249	−0.022%	$12K	$194K	5x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.0538%	4h	0.009252	+0.007%	$1.9M	$4.2M	25x	as long as short
BloFin MOVE-USDT	+0.0556%	4h	0.009263	+0.130%	$115K	$4K	75x	as long as short
MEXC MOVE_USDT	+0.0582%	4h	0.009251	0.000%	$3.7M	$200K	20x	as long as short
Aster MOVEUSDT	+0.0960%	4h	0.009291	+0.429%	$11K	$11K	5x	as long as short