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% APRpaid last 24h 0.000%

Price spread now: KuCoin against Gate0.000%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$881as in the Funding arb table

Net, price: spread back to 7d avg − costs−$865as in the Price arb table

costs, in and out, $10k−$8628.622% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now 0.000%, 7d avg +0.028%

Together, before fees−0.244%−$24 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 0.028% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVE_USDT	0.009270	0.0100	pay 0.0100% / 8h	6h 18m	$407K	$229K	25x
Short	KuCoin MOVEUSDTM	0.009270	0.0100	get 0.0050% / 4h	2h 18m	$1.1M	$18K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GatebpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.028%: −$2.78
Slippage, 4 orders: −$835.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$864.99
Costs to cover: 8.622%
Break-even: never at this rate

Slippage from Gate: live order book, 30 min ago; KuCoin: live order book, 4 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 Gate live order book, 30 min ago	10.82 bp	99.3 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	16.21 bp	422.4 bp −$422	doesn't fit	doesn't fit	doesn't fit

MOVE on 14 exchanges

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	+0.431%	$753	$100	12x	as long as short
Bybit MOVEUSDT	+0.0094%	4h	0.009260	−0.108%	$1.9M	$558K	25x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009254	−0.173%	$228K	$186K	3x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009255	−0.162%	$954K	$857K	20x	as long as short
Gate MOVE_USDTlong	+0.0100%	8h	0.009270	long leg	$407K	$229K	25x
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009270	0.000%	$1.1M	$18K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009271	+0.011%	$848K	$344K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009263	−0.074%	$7K	$1K	—	as long as short
BingX MOVE-USDT	+0.0476%	4h	0.009262	−0.086%	—	$6.5M	—	as long as short
BloFin MOVE-USDT	+0.0501%	4h	0.009246	−0.259%	$114K	$4K	75x	as long as short

Show all 14 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0536%	1h	0.009246	−0.257%	$12K	$194K	5x	as long as short
MEXC MOVE_USDT	+0.0536%	4h	0.009247	−0.248%	$3.7M	$200K	20x	as long as short
Binance MOVEUSDT	+0.0538%	4h	0.009249	−0.227%	$1.9M	$4.2M	25x	as long as short
Aster MOVEUSDT	+0.0902%	4h	0.009291	+0.223%	$11K	$11K	5x	as long as short