Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.061%

Price spread now: Extended against KuCoin−0.055%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$802as in the Funding arb table

Net, price: spread back to 7d avg − costs−$826as in the Price arb table

costs, in and out, $10k−$8228.224% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.055%, 7d avg −0.024%

Together, before fees+0.309%+ Points / potential airdropExtended: Active · farm board+$31 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: Extended is 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009310	0.0100	pay 0.0050% / 4h	2h 40m	$1.1M	$26K	25x
Short	Extended MOVE-USD	0.009305	0.0104	get 0.0013% / 1h	40m 34s	$11K	$120K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. 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 KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.055%Rate

Funding earned: $0.84
Price spread: −0.055% → −0.024%: −$3.12
Slippage, 4 orders: −$805.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$824.67
Costs to cover: 8.224%
Break-even: 6879.2 days

Slippage from KuCoin: live order book, 9 min ago; Extended: live order book, 25 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 KuCoin live order book, 9 min ago	21.39 bp	383.0 bp −$383	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 25 min ago	3.19 bp	31.3 bp −$31	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	−4.082%	$722	$21K	12x	as long as short
Bybit MOVEUSDT	+0.0058%	4h	0.009300	−0.107%	$1.9M	$667K	25x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009327	+0.183%	$228K	$210K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009298	−0.129%	$2.0M	$4.2M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009293	−0.183%	$978K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009310	0.000%	$418K	$282K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009305	−0.054%	$3.8M	$213K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009310	long leg	$1.1M	$26K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009308	−0.021%	$827K	$428K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009308	−0.021%	—	$6.5M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOVE	+0.0100%	4h	0.009334	+0.253%	$6K	$1K	—	as long as short
Extended MOVE-USDshort	+0.0104%	1h	0.009305	−0.055%	$11K	$120K	5x
BloFin MOVE-USDT	+0.0126%	4h	0.009351	+0.440%	$122K	$11K	75x	as long as short
Aster MOVEUSDT	+0.0236%	4h	0.009365	+0.589%	$12K	$10K	5x	as long as short