Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.020%

Price spread now: KuCoin against Injective+3.807%55s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 3.807% dearer against Injective than usual: you sell high and buy low: +$381 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective MOVE/USDC PERP	0.008930	0.0033	pay 0.0004% / 1h	18m 23s	$722	$21K	12x
Short	KuCoin MOVEUSDTM	0.009270	0.0100	get 0.0050% / 4h	18m 23s	$1.1M	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. 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 InjectivebpFee KuCoinbpOrdersPrice spread, now +3.807%Rate

Funding earned: $14
Price spread: +3.807% → 0.000%: $380.74
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $382.72
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; KuCoin: live order book, 2 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	16.17 bp	335.0 bp −$335	doesn't fit	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 PERPlong	+0.0033%	1h	0.008930	long leg	$722	$21K	12x
BloFin MOVE-USDT	+0.0078%	4h	0.009271	+3.819%	$120K	$10K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009267	+3.774%	$227K	$196K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009240	+3.471%	$10K	$11K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009267	+3.770%	$2.0M	$4.3M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009269	+3.796%	$1.9M	$643K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009270	+3.807%	$981K	$990K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009260	+3.695%	$415K	$266K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009266	+3.763%	$3.7M	$214K	20x	as long as short
KuCoin MOVEUSDTMshort	+0.0100%	4h	0.009270	+3.807%	$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	0.009267	+3.774%	$820K	$418K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009261	+3.707%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009268	+3.788%	$6K	$1K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009261	+3.711%	$10K	$121K	5x	as long as short