Funding arb · Price arb /

MOVE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against KuCoin−0.071%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.071% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOVEUSDTM	0.009340	0.0100	pay 0.0050% / 4h	1h 58m	$1.2M	$26K	25x
Short	Variational Omni MOVE	0.009333	0.0100	get 0.0050% / 4h	1h 58m	$6K	$1K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → 0.000%: −$7.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.1
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 1 min ago; Variational Omni: no order-book sample. 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, 1 min ago	16.07 bp	295.8 bp −$296	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: 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 13 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	−4.390%	$722	$21K	12x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009337	−0.032%	$228K	$204K	3x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009333	−0.077%	$2.0M	$4.2M	25x	as long as short
Bybit MOVEUSDT	+0.0100%	4h	0.009339	−0.011%	$1.9M	$644K	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009337	−0.032%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	0.000%	$418K	$271K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009333	−0.075%	$3.8M	$209K	20x	as long as short
KuCoin MOVEUSDTMlong	+0.0100%	4h	0.009340	long leg	$1.2M	$26K	25x
Bitget MOVEUSDT	+0.0100%	4h	0.009336	−0.043%	$829K	$421K	25x	as long as short
Variational Omni MOVEshort	+0.0100%	4h	0.009333	−0.071%	$6K	$1K	—

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended MOVE-USD	+0.0104%	1h	0.009327	−0.138%	$10K	$121K	5x	as long as short
BingX MOVE-USDT	+0.0148%	4h	0.009338	−0.021%	—	$6.5M	—	as long as short
Aster MOVEUSDT	+0.0283%	4h	0.009355	+0.166%	$12K	$10K	5x	as long as short