Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against KuCoin+0.078%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$748as in the Funding arb table

Net, price: spread back to 7d avg − costs−$759as in the Price arb table

costs, in and out, $10k−$7697.694% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.078%, 7d avg −0.024%

Together, before fees+0.057%+ Points / potential airdropExtended: Active · farm board+$6 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: Extended is 0.102% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009380	0.0100	pay 0.0050% / 4h	1h 30m	$1.2M	$26K	25x
Short	Extended MOVE-USD	0.009387	0.0104	get 0.0013% / 1h	30m 33s	$10K	$121K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0.84
Price spread: +0.078% → −0.024%: $10.2
Slippage, 4 orders: −$752.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$758.36
Costs to cover: 7.694%
Break-even: 6326.7 days

Slippage from KuCoin: live order book, 4 min ago; Extended: live order book, 30 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, 4 min ago	16.05 bp	346.7 bp −$347	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 30 min ago	2.68 bp	39.6 bp −$40	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	−4.797%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009379	−0.011%	$228K	$198K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009386	+0.067%	$12K	$10K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009388	+0.082%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009385	+0.053%	$1.9M	$643K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009392	+0.128%	$986K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009370	−0.107%	$419K	$276K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009385	+0.053%	$3.8M	$211K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009380	long leg	$1.2M	$26K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009382	+0.021%	$833K	$416K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVE-USDT	+0.0100%	4h	0.009382	+0.021%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009383	+0.033%	$6K	$1K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009387	+0.078%	$10K	$121K	5x
BloFin MOVE-USDT	+0.0138%	4h	0.009387	+0.075%	$121K	$10K	75x	as long as short