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: Bitget against KuCoin−0.171%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$766as in the Funding arb table

Net, price: spread back to 7d avg − costs−$801as in the Price arb table

costs, in and out, $10k−$7817.807% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.171%, 7d avg +0.027%

Together, before fees+0.400%+$40 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: Bitget is 0.199% cheaper against KuCoin than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009330	0.0100	pay 0.0050% / 4h	1h 57m	$1.1M	$26K	25x
Short	Bitget MOVEUSDT	0.009314	0.0100	get 0.0050% / 4h	1h 57m	$827K	$420K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0
Price spread: −0.171% → +0.027%: −$19.85
Slippage, 4 orders: −$756.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$800.57
Costs to cover: 7.807%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bitget: 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, 2 min ago	16.07 bp	295.8 bp −$296	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.03 bp	29.4 bp −$29	255.2 bp −$2,552	doesn't fit	doesn't fit

MOVE on 13 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	−4.287%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009316	−0.150%	$227K	$204K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009314	−0.171%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009321	−0.096%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009310	−0.214%	$980K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009320	−0.107%	$417K	$271K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009313	−0.182%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009330	long leg	$1.1M	$26K	25x
Bitget MOVEUSDTshort	+0.0100%	4h	0.009314	−0.171%	$827K	$420K	25x
Variational Omni MOVE	+0.0100%	4h	0.009333	+0.036%	$6K	$1K	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0104%	1h	0.009313	−0.182%	$10K	$121K	5x	as long as short
BingX MOVE-USDT	+0.0148%	4h	0.009319	−0.118%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0283%	4h	0.009353	+0.243%	$12K	$10K	5x	as long as short