Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget−0.075%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$912as in the Funding arb table

Net, price: spread back to 7d avg − costs−$902as in the Price arb table

costs, in and out, $10k−$8978.974% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.075%, 7d avg −0.031%

Together, before fees−0.143%−$14 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 0.045% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVEUSDT	0.009277	0.0100	pay 0.0050% / 4h	3h 46m	$847K	$377K	25x
Short	KuCoin MOVEUSDTM	0.009270	0.0100	get 0.0050% / 4h	3h 46m	$1.1M	$19K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.075%Rate

Funding earned: $0
Price spread: −0.075% → −0.031%: −$4.48
Slippage, 4 orders: −$873.45
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$901.93
Costs to cover: 8.974%
Break-even: never at this rate

Slippage from Bitget: live order book, 49 min ago; KuCoin: live order book, 8 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 Bitget live order book, 49 min ago	7.01 bp	25.9 bp −$26	238.1 bp −$2,381	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	21.60 bp	398.4 bp −$398	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	0.009310	+0.356%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009272	−0.054%	$230K	$197K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009280	+0.032%	$1.9M	$624K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009280	+0.032%	$969K	$921K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009270	−0.075%	$409K	$241K	25x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009270	−0.075%	$1.1M	$19K	25x
Bitget MOVEUSDTlong	+0.0100%	4h	0.009277	long leg	$847K	$377K	25x
Variational Omni MOVE	+0.0100%	4h	0.009273	−0.038%	$7K	$2K	—	as long as short
Binance MOVEUSDT	+0.0868%	4h	0.009276	−0.011%	$2.0M	$4.4M	25x	as long as short
BingX MOVE-USDT	+0.0868%	4h	0.009276	−0.011%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MOVE-USDT	+0.0874%	4h	0.009282	+0.054%	$115K	$4K	75x	as long as short
MEXC MOVE_USDT	+0.0884%	4h	0.009276	−0.011%	$3.7M	$214K	20x	as long as short
Extended MOVE-USD	+0.0888%	1h	0.009273	−0.038%	$12K	$188K	5x	as long as short
Aster MOVEUSDT	+0.1202%	4h	0.009273	−0.047%	$11K	$10K	5x	as long as short