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 −0.060%

Price spread now: KuCoin against BingX−0.139%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$676as in the Funding arb table

Net, price: spread back to 7d avg − costs−$655as in the Price arb table

costs, in and out, $10k−$6486.481% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.281%−$28 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.139%, 7d avg −0.074%

Together, before fees−0.213%−$21 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 0.065% cheaper against BingX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOVE-USDT	0.009343	0.0100	pay 0.0050% / 4h	1h 09m	—	$6.5M	—
Short	KuCoin MOVEUSDTM	0.009330	0.0100	get 0.0050% / 4h	1h 09m	$1.1M	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → −0.074%: −$6.55
Slippage, 4 orders: −$626.1
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$654.64
Costs to cover: 6.481%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; KuCoin: live order book, 6 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 BingX live order book, 7 min ago	5.36 bp	22.8 bp −$23	112.1 bp −$1,121	601.4 bp −$60.1K	984.3 bp −$492.1K
Sell KuCoin live order book, 6 min ago	21.44 bp	362.3 bp −$362	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	−4.420%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009326	−0.182%	$228K	$196K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009321	−0.235%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009337	−0.064%	$1.9M	$644K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009325	−0.193%	$986K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009320	−0.246%	$417K	$279K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009323	−0.214%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009330	−0.139%	$1.1M	$26K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009343	0.000%	$830K	$417K	25x	as long as short
BingX MOVE-USDTlong	+0.0100%	4h	0.009343	long leg	—	$6.5M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009333	−0.105%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009322	−0.228%	$10K	$126K	5x	as long as short
BloFin MOVE-USDT	+0.0121%	4h	0.009346	+0.032%	$121K	$10K	75x	as long as short
Aster MOVEUSDT	+0.0224%	4h	0.009324	−0.203%	$12K	$10K	5x	as long as short