Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit−0.203%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$920as in the Funding arb table

Net, price: spread back to 7d avg − costs−$932as in the Price arb table

costs, in and out, $10k−$9249.239% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days−0.019%−$2 · spread now −0.203%, 7d avg −0.119%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.084% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MOVEUSDT	0.009349	0.0100	pay 0.0050% / 4h	2h 50m	$1.9M	$667K	25x
Short	KuCoin MOVEUSDTM	0.009330	0.0100	get 0.0050% / 4h	2h 50m	$1.1M	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.203%Rate

Funding earned: $0
Price spread: −0.203% → −0.119%: −$8.37
Slippage, 4 orders: −$900.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$932.3
Costs to cover: 9.239%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 10 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 Bybit live order book, 1 min ago	5.35 bp	46.9 bp −$47	175.1 bp −$1,751	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	21.44 bp	407.5 bp −$407	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	−4.482%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009354	+0.053%	$228K	$209K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009353	+0.043%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDTlong	+0.0100%	4h	0.009349	long leg	$1.9M	$667K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009357	+0.086%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.096%	$420K	$281K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009353	+0.043%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009330	−0.203%	$1.1M	$26K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009334	−0.160%	$829K	$429K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009342	−0.075%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009334	−0.165%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009352	+0.030%	$11K	$120K	5x	as long as short
BloFin MOVE-USDT	+0.0139%	4h	0.009340	−0.096%	$122K	$11K	75x	as long as short
Aster MOVEUSDT	+0.0456%	4h	0.009321	−0.301%	$12K	$10K	5x	as long as short