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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.108%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$449as in the Funding arb table

Net, price: spread back to 7d avg − costs−$459as in the Price arb table

costs, in and out, $10k−$4634.627% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.108%, 7d avg +0.073%

Together, before fees+0.084%+$8 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: OKX is 0.035% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009270	0.0100	pay 0.0050% / 4h	1h 06m	$1.1M	$22K	25x
Short	OKX MOVE-USDT-SWAP	0.009280	0.0100	get 0.0050% / 4h	1h 06m	$979K	$927K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.073%: $3.52
Slippage, 4 orders: −$440.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$459.15
Costs to cover: 4.627%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; OKX: live order book, 35 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, 3 min ago	16.17 bp	103.6 bp −$104	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	4.86 bp	30.0 bp −$30	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	−0.0885%	1h	0.009310	+0.431%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009280	+0.108%	$232K	$202K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009278	+0.086%	$1.9M	$647K	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009280	+0.108%	$979K	$927K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009270	0.000%	$407K	$266K	25x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009270	long leg	$1.1M	$22K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009269	−0.011%	$848K	$386K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009268	−0.018%	$6K	$1K	—	as long as short
BingX MOVE-USDT	+0.1162%	4h	0.009274	+0.043%	—	$6.5M	—	as long as short
Extended MOVE-USD	+0.1296%	1h	0.009264	−0.069%	$15K	$172K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOVE_USDT	+0.1296%	4h	0.009274	+0.043%	$3.7M	$218K	20x	as long as short
BloFin MOVE-USDT	+0.1298%	4h	0.009275	+0.054%	$116K	$4K	75x	as long as short
Aster MOVEUSDT	+0.1299%	4h	0.009245	−0.268%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.1334%	4h	0.009272	+0.022%	$2.0M	$4.4M	25x	as long as short