Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against KuCoin−0.085%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$473as in the Funding arb table

Net, price: spread back to 7d avg − costs−$497as in the Price arb table

costs, in and out, $10k−$4864.864% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.085%, 7d avg +0.024%

Together, before fees+0.348%+$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: Bitget is 0.110% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009360	0.0100	pay 0.0050% / 4h	2h 38m	$1.2M	$38K	25x
Short	Bitget MOVEUSDT	0.009352	0.0100	get 0.0050% / 4h	2h 38m	$849K	$424K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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 KuCoinbpFee BitgetbpOrdersPrice spread, now −0.085%Rate

Funding earned: $0
Price spread: −0.085% → +0.024%: −$10.96
Slippage, 4 orders: −$462.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$497.4
Costs to cover: 4.864%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 47 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 KuCoin live order book, 1 min ago	5.36 bp	165.3 bp −$165	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 47 min ago	3.21 bp	19.8 bp −$20	190.8 bp −$1,908	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
Bybit MOVEUSDT	−0.0571%	4h	0.009349	−0.118%	$1.9M	$659K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009345	−0.160%	$228K	$210K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009387	+0.285%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009343	−0.182%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009345	−0.160%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.214%	$421K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009343	−0.182%	$3.8M	$229K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009360	long leg	$1.2M	$38K	25x
Bitget MOVEUSDTshort	+0.0100%	4h	0.009352	−0.085%	$849K	$424K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009348	−0.128%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009335	−0.267%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009342	−0.195%	$10K	$143K	5x	as long as short
BloFin MOVE-USDT	+0.0135%	4h	0.009341	−0.203%	$121K	$12K	75x	as long as short