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

MOVR

all MOVR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0168%/8h= +18.4% APRnext payment +$0.84 per $10,000 · paid last 24h +0.040%
Price spread now: Bybit against BloFin+0.057%92s7-day average +0.137% · you sell dearer than you buy
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1821.825% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$4 on $10k
Price spread, last 4 days (all we have)+0.136%+$14 · spread now +0.057%, 7d avg +0.137%
Together, before fees+0.181%+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bybit is 0.080% cheaper against BloFin than usual: you would sell low and buy high (spread +0.057% now, against its 7-day average of +0.137%). If the spread goes back, that is −$8 on $10k: about 38 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.045% in total) that is about 12 days. The two prices were read 92 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin MOVR-USDT0.88210.0141pay 0.0071% / 4h2h 15m$170K$12K50x
ShortBybit MOVRUSDT0.88260.0310get 0.0155% / 4h2h 15m$1.1M$304K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against BloFin. 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
$35.36
Price spread: +0.057% → +0.137%
−$7.99
Slippage, 4 orders
−$159.47
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$155.1
Costs to cover
1.825%
Break-even
37.7 days
Slippage from BloFin: live order book, 64 min ago; Bybit: live order book, 5 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 BloFin live order book, 64 min ago0.56 bp21.9 bp −$2266.5 bp −$665doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago5.67 bp82.6 bp −$83doesn't fitdoesn't fitdoesn't fit

MOVR on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MOVRUSDT+0.0100%4h0.8807−0.153%$16K$11K5xas long as short
Binance MOVRUSDT+0.0100%4h0.8811−0.109%$2.6M$3.7M50xas long as short
MEXC MOVR_USDT+0.0100%4h0.8814−0.079%$2.5M$294K20xas long as short
KuCoin MOVRUSDTM+0.0100%4h0.8810−0.125%$477K$175K30xas long as short
Bitget MOVRUSDT+0.0100%4h0.8816−0.057%$326K$407K5xas long as short
Extended MOVR-USD+0.0104%1h0.8808−0.151%$3K$282K5xas long as short
Gate MOVR_USDT+0.0105%8h0.8810−0.125%$287K$330K25xas long as short
BloFin MOVR-USDTlong+0.0141%4h0.8821long leg$170K$12K50x
Bybit MOVRUSDTshort+0.0310%4h0.8826+0.057%$1.1M$304K20x
Variational Omni MOVR+0.0316%4h0.8824+0.029%$7K$11Kas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX MOVR-USDT+0.0392%4h0.8820−0.011%$2.3Mas long as short
Kraken Futures PF_MOVRUSD+0.1891%1h0.8815−0.065%$19K$13K10xas long as short