MOVR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0421%/8h= +46.1% APRnext payment +$2.10 per $10,000 · paid last 24h +0.039%

Price spread now: Bybit against Bitget+0.034%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$291as in the Price arb table

costs, in and out, $10k−$2872.867% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.034%, 7d avg +0.081%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.047% cheaper against Bitget than usual: you would sell low and buy high (spread +0.034% now, against its 7-day average of +0.081%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.039% in total) that is about 8.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% 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 is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVRUSDT	0.8895	0.0100	pay 0.0050% / 4h	1h 44m	$329K	$404K	5x
Short	Bybit MOVRUSDT	0.8898	0.0521	get 0.0260% / 4h	1h 44m	$1.1M	$308K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $88.33
Price spread: +0.034% → +0.081%: −$4.72
Slippage, 4 orders: −$263.71
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$203.09
Costs to cover: 2.867%
Break-even: 23.1 days

Slippage from Bitget: live order book, 56 min ago; Bybit: live order book, 1 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 Bitget live order book, 56 min ago	5.11 bp	46.2 bp −$46	182.6 bp −$1,826	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	5.61 bp	75.7 bp −$76	doesn't fit	doesn't fit	doesn't fit

MOVR on 12 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
Aster MOVRUSDT	+0.0100%	4h	0.8879	−0.185%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8894	−0.009%	$2.6M	$3.7M	50x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8892	−0.034%	$2.5M	$285K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8880	−0.169%	$478K	$174K	30x	as long as short
Bitget MOVRUSDTlong	+0.0100%	4h	0.8895	long leg	$329K	$404K	5x
Extended MOVR-USD	+0.0104%	1h	0.8890	−0.058%	$3K	$279K	5x	as long as short
Gate MOVR_USDT	+0.0107%	8h	0.8880	−0.169%	$290K	$322K	25x	as long as short
BloFin MOVR-USDT	+0.0152%	4h	0.8892	−0.034%	$171K	$12K	50x	as long as short
Variational Omni MOVR	+0.0395%	4h	0.8893	−0.017%	$7K	$11K	—	as long as short
BingX MOVR-USDT	+0.0480%	4h	0.8889	−0.067%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MOVRUSDTshort	+0.0521%	4h	0.8898	+0.034%	$1.1M	$308K	20x
Kraken Futures PF_MOVRUSD	+0.1764%	1h	0.8889	−0.064%	$19K	$13K	10x	as long as short