MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0362%/8h= +39.6% APRnext payment +$1.81 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit+0.096%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1461.464% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.096%, 7d avg −0.006%

Together, before fees+0.191%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and OKX is 0.102% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.006%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.81 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	0.009360	−0.0262	get 0.0131% / 4h	29m 14s	$1.9M	$666K	25x
Short	OKX MOVE-USDT-SWAP	0.009369	0.0100	get 0.0050% / 4h	29m 14s	$992K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $76.04
Price spread: +0.096% → −0.006%: $10.17
Slippage, 4 orders: −$125.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$60.17
Costs to cover: 1.464%
Break-even: 12.5 days

Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 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	5.35 bp	45.6 bp −$46	162.2 bp −$1,622	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.67 bp	30.3 bp −$30	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
Bybit MOVEUSDTlong	−0.0262%	4h	0.009360	long leg	$1.9M	$666K	25x
BloFin MOVE-USDT	+0.0018%	4h	0.009344	−0.171%	$120K	$12K	75x	as long as short
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.594%	$722	$21K	12x	as long as short
Extended MOVE-USD	+0.0048%	1h	0.009360	+0.002%	$10K	$143K	5x	as long as short
Binance MOVEUSDT	+0.0050%	4h	0.009362	+0.021%	$2.0M	$4.1M	25x	as long as short
MEXC MOVE_USDT	+0.0088%	4h	0.009363	+0.032%	$3.8M	$212K	20x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009364	+0.043%	$231K	$205K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009390	+0.318%	$12K	$10K	5x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009369	+0.096%	$992K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009360	0.000%	$423K	$343K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin MOVEUSDTM	+0.0100%	4h	0.009360	0.000%	$1.2M	$31K	25x	as long as short
Bitget MOVEUSDT	+0.0100%	4h	0.009366	+0.064%	$838K	$410K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009360	0.000%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009344	−0.172%	$6K	$1K	—	as long as short