MOVR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0460%/8h= −50.4% APRnext payment −$2.30 per $10,000 · paid last 24h −0.039%

Price spread now: Binance against Bybit−0.121%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1771.766% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.081%−$8 · spread now −0.121%, 7d avg −0.178%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.057% dearer against Bybit than usual: you sell high and buy low (spread −0.121% now, against its 7-day average of −0.178%): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.039% in total) that is about 10 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 −$2.30 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 MOVRUSDT	0.8900	0.0560	pay 0.0280% / 4h	1h 35m	$1.1M	$307K	20x
Short	Binance MOVRUSDT	0.8889	0.0100	get 0.0050% / 4h	1h 35m	$2.7M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.121%Rate

Funding earned: −$96.6
Price spread: −0.121% → −0.178%: $5.67
Slippage, 4 orders: −$155.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$267.5
Costs to cover: 1.766%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Binance: 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 Bybit live order book, 5 min ago	5.62 bp	87.9 bp −$88	1372.3 bp −$13.7K	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.56 bp	19.0 bp −$19	98.3 bp −$983	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
BloFin MOVR-USDT	+0.0041%	4h	0.8895	−0.056%	$171K	$12K	50x	as long as short
Aster MOVRUSDT	+0.0100%	4h	0.8878	−0.244%	$17K	$11K	5x	as long as short
Binance MOVRUSDTshort	+0.0100%	4h	0.8889	−0.121%	$2.7M	$3.7M	50x
MEXC MOVR_USDT	+0.0100%	4h	0.8888	−0.135%	$2.5M	$286K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8887	−0.146%	$479K	$174K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8893	−0.079%	$332K	$405K	5x	as long as short
Extended MOVR-USD	+0.0104%	1h	0.8886	−0.158%	$2K	$230K	5x	as long as short
Gate MOVR_USDT	+0.0113%	8h	0.8890	−0.112%	$289K	$323K	25x	as long as short
Variational Omni MOVR	+0.0434%	4h	0.8893	−0.074%	$7K	$11K	—	as long as short
BingX MOVR-USDT	+0.0506%	4h	0.8889	−0.124%	—	$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 MOVRUSDTlong	+0.0560%	4h	0.8900	long leg	$1.1M	$307K	20x
Kraken Futures PF_MOVRUSD	+0.1764%	1h	0.8888	−0.137%	$19K	$13K	10x	as long as short