Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Hyperliquid against KuCoin+0.098%7-day average +0.031% · you sell dearer than you buy

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

Long on KuCoin Short on Hyperliquid

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)−0.002%$0 · spread now +0.098%, 7d avg +0.031%

Together, before fees+0.185%+ Points / potential airdropHyperliquid: Season 2 · farm board+$18 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: Hyperliquid is 0.066% dearer against KuCoin than usual: you sell high and buy low, +$7 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	KuCoin MOVEUSDTM	0.009220	0.0100	pay 0.0050% / 4h	3h 02m	$1.1M	$27K	25x
Short	Hyperliquid MOVE	0.009229	0.0100	get 0.0013% / 1h	2m 31s	$230K	$200K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.031%: $6.64
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$14.36
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Hyperliquid: live order book, 7 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 KuCoin live order book, 7 min ago	16.26 bp	272.5 bp −$273	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	1.08 bp	doesn't fit	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	−3.145%	$722	$21K	12x	as long as short
Hyperliquid MOVEshort	+0.0100%	1h	0.009229	+0.098%	$230K	$200K	3x
Bybit MOVEUSDT	+0.0100%	4h	0.009215	−0.054%	$1.9M	$631K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009220	0.000%	$976K	$938K	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009210	−0.108%	$411K	$265K	25x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009220	long leg	$1.1M	$27K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009219	−0.011%	$819K	$395K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009233	+0.145%	$6K	$1K	—	as long as short
BloFin MOVE-USDT	+0.0306%	4h	0.009219	−0.011%	$119K	$10K	75x	as long as short
Binance MOVEUSDT	+0.0344%	4h	0.009221	+0.009%	$2.0M	$4.3M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0344%	1h	0.009216	−0.039%	$10K	$166K	5x	as long as short
MEXC MOVE_USDT	+0.0344%	4h	0.009219	−0.011%	$3.7M	$216K	20x	as long as short
BingX MOVE-USDT	+0.0348%	4h	0.009214	−0.065%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0445%	4h	0.009215	−0.055%	$10K	$11K	5x	as long as short