Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.061%

Price spread now: KuCoin against Extended+0.081%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$834as in the Funding arb table

Net, price: spread back to 7d avg − costs−$809as in the Price arb table

costs, in and out, $10k−$8158.151% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.188%−$19 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.081%, 7d avg +0.022%

Together, before fees−0.313%+ Points / potential airdropExtended: Active · farm board−$31 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 0.059% dearer against Extended than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVE-USD	0.009372	0.0104	pay 0.0013% / 1h	38m 54s	$12K	$144K	5x
Short	KuCoin MOVEUSDTM	0.009380	0.0100	get 0.0050% / 4h	3h 38m	$1.2M	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$0.84
Price spread: +0.081% → +0.022%: $5.9
Slippage, 4 orders: −$798.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$810.05
Costs to cover: 8.151%
Break-even: never at this rate

Slippage from Extended: live order book, 32 min ago; KuCoin: live order book, 6 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 Extended live order book, 32 min ago	2.67 bp	38.8 bp −$39	263.4 bp −$2,634	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	16.00 bp	439.4 bp −$439	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	−4.720%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009367	−0.058%	$230K	$204K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009373	+0.006%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009380	+0.081%	$1.9M	$662K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009371	−0.015%	$988K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	−0.026%	$423K	$328K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009371	−0.015%	$3.8M	$212K	20x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009380	+0.081%	$1.2M	$27K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009378	+0.060%	$830K	$430K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009376	+0.038%	—	$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	0.009389	+0.172%	$6K	$1K	—	as long as short
Extended MOVE-USDlong	+0.0104%	1h	0.009372	long leg	$12K	$144K	5x
BloFin MOVE-USDT	+0.0145%	4h	0.009383	+0.113%	$121K	$11K	75x	as long as short
Aster MOVEUSDT	+0.0308%	4h	0.009394	+0.234%	$12K	$10K	5x	as long as short