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 −0.072%

Price spread now: KuCoin against MEXC−0.011%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$544as in the Funding arb table

Net, price: spread back to 7d avg − costs−$535as in the Price arb table

costs, in and out, $10k−$5405.397% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 7 days−0.053%−$5 · spread now −0.011%, 7d avg −0.057%

Together, before fees−0.100%−$10 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: KuCoin is 0.046% dearer against MEXC than usual: you sell high and buy low, +$5 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	MEXC MOVE_USDT	0.009281	0.0100	pay 0.0050% / 4h	12m 22s	$3.8M	$214K	20x
Short	KuCoin MOVEUSDTM	0.009280	0.0100	get 0.0050% / 4h	12m 22s	$1.1M	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → −0.057%: $4.59
Slippage, 4 orders: −$523.74
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$535.15
Costs to cover: 5.397%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: 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 MEXC live order book, 5 min ago	0.54 bp	8.0 bp −$8	56.1 bp −$561	332.5 bp −$33.2K	doesn't fit
Sell KuCoin live order book, 3 min ago	10.79 bp	345.1 bp −$345	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	−3.782%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0050%	4h	0.009270	−0.119%	$120K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009286	+0.054%	$228K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009276	−0.052%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009282	+0.011%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009278	−0.032%	$1.9M	$645K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009283	+0.022%	$982K	$991K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	−0.119%	$415K	$266K	25x	as long as short
MEXC MOVE_USDTlong	+0.0100%	4h	0.009281	long leg	$3.8M	$214K	20x
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009280	−0.011%	$1.1M	$26K	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009280	−0.011%	$821K	$417K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009283	+0.022%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	−0.190%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009279	−0.018%	$10K	$123K	5x	as long as short