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 +0.076%

Price spread now: Binance against KuCoin+0.085%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$601as in the Funding arb table

Net, price: spread back to 7d avg − costs−$600as in the Price arb table

costs, in and out, $10k−$6036.030% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.085%, 7d avg +0.057%

Together, before fees+0.011%+$1 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: Binance is 0.028% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009370	0.0100	pay 0.0050% / 4h	19m 00s	$1.2M	$30K	25x
Short	Binance MOVEUSDT	0.009378	0.0100	get 0.0050% / 4h	19m 00s	$2.0M	$4.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → +0.057%: $2.79
Slippage, 4 orders: −$581.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$600.22
Costs to cover: 6.030%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Binance: live order book, 3 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	26.67 bp	294.4 bp −$294	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.13 bp	15.5 bp −$16	114.2 bp −$1,142	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	−0.0077%	4h	0.009380	+0.107%	$1.9M	$670K	25x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.696%	$722	$21K	12x	as long as short
MEXC MOVE_USDT	+0.0050%	4h	0.009379	+0.096%	$3.8M	$213K	20x	as long as short
BloFin MOVE-USDT	+0.0056%	4h	0.009382	+0.128%	$121K	$11K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009379	+0.096%	$231K	$206K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009339	−0.331%	$12K	$10K	5x	as long as short
Binance MOVEUSDTshort	+0.0100%	4h	0.009378	+0.085%	$2.0M	$4.2M	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009382	+0.128%	$991K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	0.000%	$424K	$344K	25x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009370	long leg	$1.2M	$30K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009385	+0.160%	$839K	$409K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009380	+0.107%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009389	+0.200%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009376	+0.066%	$10K	$143K	5x	as long as short