Funding you earn now, next payment 08:00 UTC−0.0211%/8h= −23.1% APRnext payment −$1.05 per $10,000 · paid last 24h −0.074%
Price spread now: KuCoin against Binance−0.032%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$590as in the Funding arb table
Net, price: spread back to 7d avg − costs−$580as in the Price arb table
costs, in and out, $10k−$5835.826% of the position
Funding, last 7 days−0.075%−$7 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now −0.032%, 7d avg −0.056%
=The price spread pays, funding is against you. KuCoin is 0.024% dearer against Binance than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.056%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.075% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.05 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MOVEUSDT | 0.009243 | 0.0311 | pay 0.0155% / 4h | 3h 10m | $2.0M | $4.3M | 25x |
| Short | KuCoin MOVEUSDTM | 0.009240 | 0.0100 | get 0.0050% / 4h | 3h 10m | $1.1M | $27K | 25x |
Binance MOVEUSDT
KuCoin MOVEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.3
- Price spread: −0.032% → −0.056%
- $2.37
- Slippage, 4 orders
- −$560.62
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$624.55
- Costs to cover
- 5.826%
- Break-even
- never at this rate
Slippage from Binance: live order book, 11 min ago; KuCoin: live order book, 4 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 Binance live order book, 11 min ago | 0.54 bp | 15.4 bp −$15 | 147.3 bp −$1,473 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 16.21 bp | 257.4 bp −$257 | doesn't fit | doesn't fit | doesn't fit |
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 | −3.386% | $722 | $21K | 12x | as long as short |
| Hyperliquid MOVE | +0.0100% | 1h | 0.009250 | +0.076% | $231K | $201K | 3x | as long as short |
| Bybit MOVEUSDT | +0.0100% | 4h | 0.009246 | +0.032% | $1.9M | $630K | 25x | as long as short |
| OKX MOVE-USDT-SWAP | +0.0100% | 4h | 0.009240 | −0.032% | $978K | $940K | 20x | as long as short |
| Gate MOVE_USDT | +0.0100% | 8h | 0.009240 | −0.032% | $413K | $265K | 25x | as long as short |
| KuCoin MOVEUSDTMshort | +0.0100% | 4h | 0.009240 | −0.032% | $1.1M | $27K | 25x | |
| Bitget MOVEUSDT | +0.0100% | 4h | 0.009244 | +0.011% | $821K | $397K | 25x | as long as short |
| Variational Omni MOVE | +0.0100% | 4h | 0.009248 | +0.057% | $6K | $1K | — | as long as short |
| BingX MOVE-USDT | +0.0204% | 4h | 0.009243 | 0.000% | — | $6.5M | — | as long as short |
| Extended MOVE-USD | +0.0280% | 1h | 0.009240 | −0.028% | $10K | $128K | 5x | as long as short |
Injective MOVE/USDC PERP
Hyperliquid MOVE
Bybit MOVEUSDT
OKX MOVE-USDT-SWAP
Gate MOVE_USDT
Bitget MOVEUSDT
Variational Omni MOVE
BingX MOVE-USDT
Extended MOVE-USDShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MOVE_USDT | +0.0282% | 4h | 0.009242 | −0.011% | $3.7M | $215K | 20x | as long as short |
| BloFin MOVE-USDT | +0.0305% | 4h | 0.009252 | +0.097% | $120K | $10K | 75x | as long as short |
| Binance MOVEUSDTlong | +0.0311% | 4h | 0.009243 | long leg | $2.0M | $4.3M | 25x | |
| Aster MOVEUSDT | +0.0417% | 4h | 0.009231 | −0.125% | $10K | $11K | 5x | as long as short |
MEXC MOVE_USDT
BloFin MOVE-USDT
Aster MOVEUSDT