Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.482%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$585as in the Funding arb table

Net, price: spread back to 7d avg − costs−$558as in the Price arb table

costs, in and out, $10k−$5995.987% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 7 days−0.369%−$37 · spread now +0.482%, 7d avg +0.074%

Together, before fees−0.228%−$23 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: OKX is 0.408% dearer against KuCoin than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009330	0.0100	pay 0.0050% / 4h	2h 05m	$1.2M	$28K	25x
Short	OKX MOVE-USDT-SWAP	0.009375	0.0100	get 0.0050% / 4h	2h 05m	$991K	$972K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against KuCoin. 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 KuCoinbpFee OKXbpOrdersPrice spread, now +0.482%Rate

Funding earned: $0
Price spread: +0.482% → +0.074%: $40.84
Slippage, 4 orders: −$576.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$557.91
Costs to cover: 5.987%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; OKX: live order book, 40 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, 4 min ago	16.10 bp	257.3 bp −$257	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 40 min ago	2.17 bp	28.6 bp −$29	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	−0.214%	$753	$100	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009366	+0.386%	$233K	$204K	3x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009346	+0.171%	$2.0M	$655K	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009375	+0.482%	$991K	$972K	20x
Gate MOVE_USDT	+0.0100%	8h	0.009350	+0.214%	$410K	$280K	25x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009330	long leg	$1.2M	$28K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009368	+0.407%	$856K	$417K	25x	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009293	−0.393%	$6K	$1K	—	as long as short
BloFin MOVE-USDT	+0.0274%	4h	0.009362	+0.343%	$117K	$10K	75x	as long as short
MEXC MOVE_USDT	+0.0318%	4h	0.009363	+0.354%	$3.8M	$217K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOVEUSDT	+0.0319%	4h	0.009361	+0.328%	$2.0M	$4.5M	25x	as long as short
Extended MOVE-USD	+0.0320%	1h	0.009353	+0.245%	$11K	$165K	5x	as long as short
Aster MOVEUSDT	+0.0345%	4h	0.009317	−0.140%	$10K	$11K	5x	as long as short
BingX MOVE-USDT	+0.0348%	4h	0.009348	+0.193%	—	$6.5M	—	as long as short