MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0711%/8h= −77.9% APRnext payment −$3.56 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.021%7-day average +0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$875as in the Funding arb table

Net, price: spread back to 7d avg − costs−$881as in the Price arb table

costs, in and out, $10k−$8678.667% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 7 days+0.223%+$22 · spread now −0.021%, 7d avg +0.119%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bybit is 0.141% cheaper against KuCoin than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.119%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.56 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	KuCoin MOVEUSDTM	0.009320	0.0100	pay 0.0050% / 4h	2h 02m	$1.1M	$37K	25x
Short	Bybit MOVEUSDT	0.009318	−0.0611	pay 0.0306% / 4h	2h 02m	$1.9M	$655K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$149.32
Price spread: −0.021% → +0.119%: −$14.09
Slippage, 4 orders: −$843.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,030.09
Costs to cover: 8.667%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: 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 KuCoin live order book, 2 min ago	16.10 bp	335.2 bp −$335	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.36 bp	41.1 bp −$41	164.5 bp −$1,645	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 MOVEUSDTshort	−0.0611%	4h	0.009318	−0.021%	$1.9M	$655K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.185%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0062%	4h	0.009324	+0.043%	$122K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009324	+0.043%	$227K	$209K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009355	+0.372%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009309	−0.115%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009333	+0.139%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009320	0.000%	$419K	$338K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009308	−0.129%	$3.8M	$234K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009320	long leg	$1.1M	$37K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009315	−0.054%	$845K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009317	−0.032%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009315	−0.058%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009323	+0.028%	$10K	$143K	5x	as long as short