Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Gate+0.109%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$781as in the Funding arb table

Net, price: spread back to 7d avg − costs−$754as in the Price arb table

costs, in and out, $10k−$7627.622% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.109%, 7d avg +0.029%

Together, before fees−0.354%−$35 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 0.080% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009140	0.0100	pay 0.0100% / 8h	2h 39m	$405K	$265K	25x
Short	KuCoin MOVEUSDTM	0.009150	0.0100	get 0.0050% / 4h	2h 39m	$1.1M	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → +0.029%: $8.04
Slippage, 4 orders: −$735.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$754.2
Costs to cover: 7.622%
Break-even: never at this rate

Slippage from Gate: live order book, 6 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 Gate live order book, 6 min ago	10.85 bp	57.3 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	10.80 bp	390.7 bp −$391	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	−2.298%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009156	+0.175%	$228K	$200K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009159	+0.208%	$1.9M	$640K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009143	+0.033%	$970K	$932K	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009140	long leg	$405K	$265K	25x
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009150	+0.109%	$1.1M	$27K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009144	+0.044%	$811K	$400K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009174	+0.367%	$6K	$1K	—	as long as short
BloFin MOVE-USDT	+0.0141%	4h	0.009171	+0.339%	$119K	$10K	75x	as long as short
Binance MOVEUSDT	+0.0172%	4h	0.009148	+0.088%	$2.0M	$4.3M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0176%	1h	0.009152	+0.128%	$10K	$163K	5x	as long as short
MEXC MOVE_USDT	+0.0176%	4h	0.009154	+0.153%	$3.7M	$214K	20x	as long as short
Aster MOVEUSDT	+0.0244%	4h	0.009114	−0.288%	$10K	$11K	5x	as long as short
BingX MOVE-USDT	+0.0294%	4h	0.009135	−0.055%	—	$6.5M	—	as long as short