Settings8H · net · $10k
Funding arb · Price arb /

MOVR

all MOVR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0420%/8h= +46.0% APRnext payment +$2.10 per $10,000 · paid last 24h +0.048%
Price spread now: BingX against Bitget+0.011%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1111.106% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.011%, 7d avg +0.026%
Together, before fees+0.061%+$6 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget MOVRUSDT0.88770.0100pay 0.0050% / 4h1h 59m$331K$366K5x
ShortBingX MOVR-USDT0.88780.0520get 0.0260% / 4h1h 59m$2.3M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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

Funding earned
$88.2
Price spread: +0.011% → +0.026%
−$1.45
Slippage, 4 orders
−$88.59
Fee Bitget: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
−$23.84
Costs to cover
1.106%
Break-even
8.9 days
Slippage from Bitget: live order book, 48 min ago; BingX: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 48 min ago7.93 bp30.2 bp −$30210.5 bp −$2,105doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago5.64 bp22.6 bp −$2373.3 bp −$733570.0 bp −$57.0K805.9 bp −$402.9K

MOVR on 12 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin MOVR-USDT+0.0088%4h0.88770.000%$173K$13K50xas long as short
Aster MOVRUSDT+0.0100%4h0.8883+0.067%$17K$11K5xas long as short
Binance MOVRUSDT+0.0100%4h0.8873−0.045%$2.7M$3.6M50xas long as short
MEXC MOVR_USDT+0.0100%4h0.8873−0.045%$2.5M$278K20xas long as short
KuCoin MOVRUSDTM+0.0100%4h0.8864−0.146%$477K$165K30xas long as short
Bitget MOVRUSDTlong+0.0100%4h0.8877long leg$331K$366K5x
Extended MOVR-USD+0.0104%1h0.8869−0.091%$4K$213K5xas long as short
Variational Omni MOVR+0.0352%4h0.8863−0.159%$7K$11Kas long as short
Gate MOVR_USDT+0.0445%8h0.8890+0.146%$315K$327K25xas long as short
Bybit MOVRUSDT+0.0486%4h0.8889+0.135%$1.1M$300K20xas long as short
Show all 12 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX MOVR-USDTshort+0.0520%4h0.8878+0.011%$2.3M
Kraken Futures PF_MOVRUSD+0.1902%1h0.8875−0.021%$17K$13K10xas long as short