Funding arb · Price arb /

MOVR

all MOVR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0830%/8h= +90.9% APRpaid last 24h +0.317%

Price spread now: Kraken Futures against Bitget+0.118%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and Kraken Futures is 0.118% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MOVRUSDT	0.8908	0.0100	pay 0.0050% / 4h	40m 32s	$332K	$389K	5x
Short	Kraken Futures PF_MOVRUSD	0.8919	0.0930	get 0.0116% / 1h	40m 32s	$18K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.118%Rate

Funding earned: $174.3
Price spread: +0.118% → 0.000%: $11.83
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $164.13
Costs to cover: 0.220%
Break-even: 0.4 days

Slippage unknown: Bitget: live order book, 55 min ago; Kraken Futures: no order-book sample. Net counts fees only.

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, 55 min ago	4.50 bp	33.6 bp −$34	185.7 bp −$1,857	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.8905	−0.034%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8902	−0.067%	$2.7M	$3.6M	50x	as long as short
Gate MOVR_USDT	+0.0100%	8h	0.8920	+0.135%	$288K	$319K	25x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8910	+0.022%	$2.5M	$286K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8910	+0.022%	$478K	$173K	30x	as long as short
Bitget MOVRUSDTlong	+0.0100%	4h	0.8908	long leg	$332K	$389K	5x
Extended MOVR-USD	+0.0104%	1h	0.8904	−0.049%	$2K	$214K	5x	as long as short
BloFin MOVR-USDT	+0.0106%	4h	0.8910	+0.022%	$172K	$12K	50x	as long as short
Variational Omni MOVR	+0.0225%	4h	0.8928	+0.227%	$7K	$11K	—	as long as short
BingX MOVR-USDT	+0.0382%	4h	0.8912	+0.045%	—	$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 MOVRUSDT	+0.0395%	4h	0.8920	+0.135%	$1.1M	$303K	20x	as long as short
Kraken Futures PF_MOVRUSDshort	+0.0930%	1h	0.8919	+0.118%	$18K	$11K	10x