Funding arb · Price arb /

MOVE

all MOVE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.031%

Price spread now: Injective against KuCoin+0.649%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.649% dearer against KuCoin than usual: you sell high and buy low (spread +0.649% now, against zero (this spread has no 7-day history yet)): +$65 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009250	0.0100	pay 0.0050% / 4h	3h 42m	$1.1M	$19K	25x
Short	Injective MOVE/USDC PERP	0.009310	0.0033	get 0.0004% / 1h	42m 36s	$753	$100	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.649%Rate

Funding earned: −$14
Price spread: +0.649% → 0.000%: $64.86
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $38.84
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 2 min ago; Injective: no order-book sample. Net counts fees only.

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	10.79 bp	299.1 bp −$299	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPshort	+0.0033%	1h	0.009310	+0.649%	$753	$100	12x
Hyperliquid MOVE	+0.0100%	1h	0.009262	+0.130%	$229K	$197K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009255	+0.054%	$1.9M	$624K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009270	+0.216%	$968K	$918K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009250	0.000%	$408K	$241K	25x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009250	long leg	$1.1M	$19K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009269	+0.205%	$846K	$377K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009283	+0.362%	$7K	$2K	—	as long as short
Binance MOVEUSDT	+0.0815%	4h	0.009263	+0.141%	$2.0M	$4.4M	25x	as long as short
MEXC MOVE_USDT	+0.0820%	4h	0.009264	+0.151%	$3.7M	$214K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0824%	1h	0.009260	+0.113%	$12K	$188K	5x	as long as short
BingX MOVE-USDT	+0.0868%	4h	0.009248	−0.022%	—	$6.5M	—	as long as short
BloFin MOVE-USDT	+0.0871%	4h	0.009273	+0.249%	$116K	$4K	75x	as long as short
Aster MOVEUSDT	+0.1148%	4h	0.009219	−0.335%	$11K	$10K	5x	as long as short