MOVE arbitrage between HyperLiquid and OKX: we compare the price of MOVE on HyperLiquid (futures) and OKX (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

MOVE: OKX — deposit open, withdrawal open.

Open interest in MOVE right now — $8.5M: Binance $1.9M, KuCoin $1.7M, BingX $1.6M, Bybit $1.4M, OKX $666.0K. See OI MOVE.

About MOVE arbitrage

How do I read the MOVE spread?

The spread is how many percent higher MOVE trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HyperLiquid and OKX. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get MOVE alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.