MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0633%/8h= −69.3% APRnext payment −$3.17 per $10,000 · paid last 24h −0.063%

Price spread now: Bybit against BloFin+0.021%82s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1141.142% of the position

Long on BloFin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 3 days (all we have)−0.217%−$22 · spread now +0.021%, 7d avg +0.033%

Together, before fees−0.317%−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.17 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MOVE-USDT	0.009329	0.0083	pay 0.0042% / 4h	2h 57m	$121K	$12K	75x
Short	Bybit MOVEUSDT	0.009331	−0.0550	pay 0.0275% / 4h	2h 57m	$1.9M	$676K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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 BloFinbpFee BybitbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$132.94
Price spread: +0.021% → +0.033%: −$1.15
Slippage, 4 orders: −$91.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$248.26
Costs to cover: 1.142%
Break-even: never at this rate

Slippage from BloFin: live order book, 22 min ago; Bybit: live order book, 4 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 BloFin live order book, 22 min ago	1.61 bp	13.8 bp −$14	41.0 bp −$410	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.35 bp	38.2 bp −$38	166.6 bp −$1,666	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
Bybit MOVEUSDTshort	−0.0550%	4h	0.009331	+0.021%	$1.9M	$676K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.277%	$722	$21K	12x	as long as short
BloFin MOVE-USDTlong	+0.0083%	4h	0.009329	long leg	$121K	$12K	75x
Hyperliquid MOVE	+0.0100%	1h	0.009334	+0.054%	$230K	$218K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009361	+0.348%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009329	+0.003%	$2.0M	$4.2M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009335	+0.064%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009340	+0.118%	$421K	$335K	25x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009350	+0.225%	$1.2M	$40K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009341	+0.129%	$856K	$423K	25x	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	0.009355	+0.280%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009331	+0.017%	$10K	$143K	5x	as long as short
MEXC MOVE_USDT	+0.0142%	4h	0.009330	+0.011%	$3.8M	$227K	20x	as long as short
BingX MOVE-USDT	+0.0142%	4h	0.009345	+0.172%	—	$6.5M	—	as long as short