Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.074%

Price spread now: KuCoin against Binance+0.097%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$628as in the Funding arb table

Net, price: spread back to 7d avg − costs−$605as in the Price arb table

costs, in and out, $10k−$6206.204% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 7 days−0.178%−$18 · spread now +0.097%, 7d avg −0.056%

Together, before fees−0.252%−$25 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 0.154% dearer against Binance than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOVEUSDT	0.009231	0.0100	pay 0.0050% / 4h	3h 23m	$2.0M	$4.3M	25x
Short	KuCoin MOVEUSDTM	0.009240	0.0100	get 0.0050% / 4h	3h 23m	$1.1M	$27K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → −0.056%: $15.37
Slippage, 4 orders: −$598.4
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$605.03
Costs to cover: 6.204%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: live order book, 2 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 Binance live order book, 14 min ago	1.62 bp	17.7 bp −$18	131.0 bp −$1,310	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	10.82 bp	330.8 bp −$331	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	−3.261%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0073%	4h	0.009240	+0.097%	$120K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009244	+0.141%	$231K	$200K	3x	as long as short
Binance MOVEUSDTlong	+0.0100%	4h	0.009231	long leg	$2.0M	$4.3M	25x
Bybit MOVEUSDT	+0.0100%	4h	0.009236	+0.054%	$1.9M	$630K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009229	−0.022%	$975K	$931K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009230	−0.011%	$413K	$264K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009239	+0.087%	$3.7M	$215K	20x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009240	+0.097%	$1.1M	$27K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009240	+0.097%	$821K	$399K	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	0.009234	+0.032%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009238	+0.079%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009237	+0.063%	$10K	$128K	5x	as long as short
Aster MOVEUSDT	+0.0143%	4h	0.009223	−0.082%	$10K	$11K	5x	as long as short