Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against KuCoin−0.325%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$572as in the Funding arb table

Net, price: spread back to 7d avg − costs−$624as in the Price arb table

costs, in and out, $10k−$5945.941% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)+0.345%+$34 · spread now −0.325%, 7d avg −0.024%

Together, before fees+0.571%+ Points / potential airdropExtended: Active · farm board+$57 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: Extended is 0.301% cheaper against KuCoin than usual: you would sell low and buy high, −$30 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	0.009250	0.0100	pay 0.0050% / 4h	0m 25s	$1.1M	$26K	25x
Short	Extended MOVE-USD	0.009220	0.0104	get 0.0013% / 1h	0m 25s	$10K	$123K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.325%Rate

Funding earned: $0.84
Price spread: −0.325% → −0.024%: −$30.12
Slippage, 4 orders: −$577.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$623.4
Costs to cover: 5.941%
Break-even: 5202.0 days

Slippage from KuCoin: live order book, 5 min ago; Extended: live order book, 55 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, 5 min ago	16.19 bp	201.3 bp −$201	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 55 min ago	2.16 bp	38.0 bp −$38	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	−3.459%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009295	+0.486%	$228K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009220	−0.328%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009294	+0.476%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009261	+0.119%	$1.9M	$641K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009286	+0.389%	$982K	$985K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009260	+0.108%	$414K	$266K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009295	+0.486%	$3.8M	$215K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009250	long leg	$1.1M	$26K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009285	+0.378%	$827K	$420K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009262	+0.130%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009283	+0.361%	$6K	$1K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009220	−0.325%	$10K	$123K	5x
BloFin MOVE-USDT	+0.0149%	4h	0.009291	+0.443%	$121K	$10K	75x	as long as short