Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against OKX−0.270%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$691as in the Funding arb table

Net, price: spread back to 7d avg − costs−$697as in the Price arb table

costs, in and out, $10k−$6776.772% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 7 days+0.272%+$27 · spread now −0.270%, 7d avg −0.072%

Together, before fees+0.129%+$13 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 0.198% cheaper against OKX than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOVE-USDT-SWAP	0.009275	0.0100	pay 0.0050% / 4h	26m 14s	$980K	$993K	20x
Short	KuCoin MOVEUSDTM	0.009250	0.0100	get 0.0050% / 4h	26m 14s	$1.1M	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.270%Rate

Funding earned: $0
Price spread: −0.270% → −0.072%: −$19.76
Slippage, 4 orders: −$655.19
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$696.95
Costs to cover: 6.772%
Break-even: never at this rate

Slippage from OKX: live order book, 30 min ago; KuCoin: 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 OKX live order book, 30 min ago	3.77 bp	30.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	16.16 bp	330.7 bp −$331	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	−3.720%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0068%	4h	0.009272	−0.032%	$120K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009273	−0.022%	$227K	$197K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009218	−0.610%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009271	−0.045%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009263	−0.129%	$1.9M	$643K	25x	as long as short
OKX MOVE-USDT-SWAPlong	+0.0100%	4h	0.009275	long leg	$980K	$993K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009260	−0.162%	$414K	$265K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009270	−0.054%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009250	−0.270%	$1.1M	$26K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009273	−0.022%	$821K	$418K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009278	+0.032%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009283	+0.090%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009269	−0.070%	$10K	$123K	5x	as long as short