MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0748%/8h= +81.9% APRnext payment +$3.74 per $10,000 · paid last 24h +0.063%

Price spread now: BloFin against Bybit−0.096%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1241.236% of the position

Long on Bybit Short on BloFin

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)+0.292%+$29 · spread now −0.096%, 7d avg −0.033%

Together, before fees+0.391%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.063% cheaper against Bybit than usual: you would sell low and buy high (spread −0.096% now, against its 7-day average of −0.033%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.099% in total) that is about 4.5 days.

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 +$3.74 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	Bybit MOVEUSDT	0.009353	−0.0663	get 0.0332% / 4h	2h 49m	$1.9M	$665K	25x
Short	BloFin MOVE-USDT	0.009344	0.0085	get 0.0042% / 4h	2h 49m	$122K	$12K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now −0.096%Rate

Funding earned: $157.05
Price spread: −0.096% → −0.033%: −$6.33
Slippage, 4 orders: −$100.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: $27.11
Costs to cover: 1.236%
Break-even: 5.8 days

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 31 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 Bybit live order book, 2 min ago	5.36 bp	51.9 bp −$52	177.0 bp −$1,770	doesn't fit	doesn't fit
Sell BloFin live order book, 31 min ago	1.61 bp	13.6 bp −$14	40.9 bp −$409	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 MOVEUSDTlong	−0.0663%	4h	0.009353	long leg	$1.9M	$665K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.523%	$722	$21K	12x	as long as short
BloFin MOVE-USDTshort	+0.0085%	4h	0.009344	−0.096%	$122K	$12K	75x
Hyperliquid MOVE	+0.0100%	1h	0.009347	−0.064%	$228K	$214K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009320	−0.349%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009383	+0.322%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAP	+0.0100%	4h	0.009343	−0.107%	$982K	$1.0M	20x	as long as short
Gate MOVE_USDT	+0.0100%	8h	0.009350	−0.032%	$422K	$337K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009379	+0.278%	$3.8M	$228K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009330	−0.246%	$1.1M	$39K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009353	0.000%	$849K	$424K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009352	−0.011%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009335	−0.192%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009338	−0.159%	$10K	$143K	5x	as long as short