Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.060%

Price spread now: BingX against Variational Omni−0.133%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on BingX

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—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.133% cheaper against Variational Omni than usual: you would sell low and buy high, −$13 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MOVE	0.009283	0.0100	pay 0.0050% / 4h	3h 58m	$6K	$1K	—
Short	BingX MOVE-USDT	0.009271	0.0100	get 0.0050% / 4h	3h 58m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now −0.133%Rate

Funding earned: $0
Price spread: −0.133% → 0.000%: −$13.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: no order-book sample; BingX: live order book, 2 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 Variational Omni no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	5.38 bp	20.1 bp −$20	96.5 bp −$965	666.5 bp −$66.6K	1084.6 bp −$542.3K

Variational Omni: 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 PERP	+0.0033%	1h	0.008930	−3.807%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009270	−0.144%	$226K	$197K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009240	−0.467%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009270	−0.144%	$2.0M	$4.2M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009270	−0.144%	$982K	$981K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	−0.144%	$415K	$264K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009270	−0.144%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009260	−0.252%	$1.1M	$26K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009278	−0.058%	$826K	$420K	25x	as long as short
BingX MOVE-USDTshort	+0.0100%	4h	0.009271	−0.133%	—	$6.5M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVElong	+0.0100%	4h	0.009283	long leg	$6K	$1K	—
Extended MOVE-USD	+0.0104%	1h	0.009269	−0.157%	$14K	$127K	5x	as long as short
BloFin MOVE-USDT	+0.0138%	4h	0.009282	−0.015%	$120K	$10K	75x	as long as short
Bybit MOVEUSDT	+0.1049%	4h	0.009270	−0.144%	$1.9M	$641K	25x	as long as short