Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1052%/8h= +115.2% APRpaid last 24h +0.066%

Price spread now: Extended against Variational Omni−0.040%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.040% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$32 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MOVE	0.009293	0.0100	pay 0.0050% / 4h	42m 19s	$6K	$1K	—
Short	Extended MOVE-USD	0.009289	0.1152	get 0.0144% / 1h	42m 19s	$12K	$190K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. 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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.040%Rate

Funding earned: $220.92
Price spread: −0.040% → 0.000%: −$3.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $211.94
Costs to cover: 0.050%
Break-even: 0.3 days

Slippage unknown: Variational Omni: no order-book sample; Extended: live order book, 58 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 Extended live order book, 58 min ago	2.70 bp	23.2 bp −$23	doesn't fit	doesn't fit	doesn't fit

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	0.009310	+0.181%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009298	+0.052%	$233K	$205K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009288	−0.056%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009295	+0.019%	$974K	$928K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009280	−0.142%	$407K	$259K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009280	−0.142%	$1.1M	$19K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009287	−0.067%	$850K	$381K	25x	as long as short
Variational Omni MOVElong	+0.0100%	4h	0.009293	long leg	$6K	$1K	—
BingX MOVE-USDT	+0.1144%	4h	0.009293	−0.002%	—	$6.5M	—	as long as short
Extended MOVE-USDshort	+0.1152%	1h	0.009289	−0.040%	$12K	$190K	5x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.1156%	4h	0.009295	+0.019%	$2.0M	$4.4M	25x	as long as short
MEXC MOVE_USDT	+0.1180%	4h	0.009291	−0.024%	$3.7M	$215K	20x	as long as short
BloFin MOVE-USDT	+0.1190%	4h	0.009285	−0.088%	$116K	$4K	75x	as long as short
Aster MOVEUSDT	+0.1338%	4h	0.009295	+0.019%	$11K	$11K	5x	as long as short