MOVR

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0270%/8h= −29.6% APRnext payment −$1.35 per $10,000 · paid last 24h −0.040%

Price spread now: BloFin against Bybit+0.124%7-day average −0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$203as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1991.988% of the position

Long on Bybit Short on BloFin

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)−0.345%−$35 · spread now +0.124%, 7d avg −0.135%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.258% dearer against Bybit than usual: you sell high and buy low (spread +0.124% now, against its 7-day average of −0.135%): +$26 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.045% in total) that is about 40 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.045% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.35 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	0.8888	0.0369	pay 0.0184% / 4h	38m 30s	$1.1M	$303K	20x
Short	BloFin MOVR-USDT	0.8899	0.0099	get 0.0049% / 4h	38m 30s	$171K	$12K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. 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 BybitbpFee BloFinbpOrdersPrice spread, now +0.124%Rate

Funding earned: −$56.69
Price spread: +0.124% → −0.135%: $25.84
Slippage, 4 orders: −$175.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$229.7
Costs to cover: 1.988%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; BloFin: live order book, 32 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, 2 min ago	11.22 bp	94.4 bp −$94	1477.1 bp −$14.8K	doesn't fit	doesn't fit
Sell BloFin live order book, 32 min ago	5.05 bp	19.0 bp −$19	58.4 bp −$584	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-USDTshort	+0.0099%	4h	0.8899	+0.124%	$171K	$12K	50x
Aster MOVRUSDT	+0.0100%	4h	0.8885	−0.029%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8876	−0.131%	$2.7M	$3.6M	50x	as long as short
Gate MOVR_USDT	+0.0100%	8h	0.8890	+0.023%	$286K	$319K	25x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8883	−0.056%	$2.5M	$286K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8887	−0.011%	$477K	$173K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8875	−0.146%	$331K	$389K	5x	as long as short
Extended MOVR-USD	+0.0104%	1h	0.8880	−0.089%	$2K	$214K	5x	as long as short
Variational Omni MOVR	+0.0225%	4h	0.8928	+0.453%	$7K	$11K	—	as long as short
Bybit MOVRUSDTlong	+0.0369%	4h	0.8888	long leg	$1.1M	$303K	20x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVR-USDT	+0.0382%	4h	0.8887	−0.011%	—	$2.3M	—	as long as short
Kraken Futures PF_MOVRUSD	+0.0933%	1h	0.8888	+0.001%	$18K	$11K	10x	as long as short