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: Bybit against KuCoin−0.075%7-day average +0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$827as in the Funding arb table

Net, price: spread back to 7d avg − costs−$842as in the Price arb table

costs, in and out, $10k−$8238.230% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days+0.279%+$28 · spread now −0.075%, 7d avg +0.117%

Together, before fees+0.235%+$23 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: Bybit is 0.192% cheaper against KuCoin than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.117%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009350	0.0100	pay 0.0050% / 4h	1h 55m	$1.2M	$26K	25x
Short	Bybit MOVEUSDT	0.009343	0.0100	get 0.0050% / 4h	1h 55m	$1.9M	$642K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → +0.117%: −$19.16
Slippage, 4 orders: −$799.97
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$842.13
Costs to cover: 8.230%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 1 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	16.07 bp	295.8 bp −$296	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.34 bp	53.4 bp −$53	179.5 bp −$1,795	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	−4.492%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009344	−0.064%	$228K	$205K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009344	−0.064%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDTshort	+0.0100%	4h	0.009343	−0.075%	$1.9M	$642K	25x
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009345	−0.053%	$983K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	−0.107%	$418K	$272K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009340	−0.107%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009350	long leg	$1.2M	$26K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009345	−0.053%	$830K	$419K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009345	−0.053%	—	$6.5M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009363	+0.144%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009347	−0.035%	$10K	$121K	5x	as long as short
Aster MOVEUSDT	+0.0154%	4h	0.009357	+0.075%	$12K	$10K	5x	as long as short