Funding arb · Price arb /

MOVR

all MOVR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0671%/8h= −73.5% APRpaid last 24h −0.038%

Price spread now: Extended against Bybit−0.183%7-day average −0.167% · you buy dearer than you sell

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$295as in the Price arb table

costs, in and out, $10k−$2932.934% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.183%, 7d avg −0.167%

Together, before fees−0.033%+ Points / potential airdropExtended: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.167%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment. 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	0.8910	0.0775	pay 0.0388% / 4h	3h 55m	$1.1M	$306K	20x
Short	Extended MOVR-USD	0.8894	0.0104	get 0.0013% / 1h	55m 52s	$4K	$219K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.183%Rate

Funding earned: −$140.94
Price spread: −0.183% → −0.167%: −$1.67
Slippage, 4 orders: −$277.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$436
Costs to cover: 2.934%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Extended: live order book, 40 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	11.24 bp	95.4 bp −$95	1515.2 bp −$15.2K	doesn't fit	doesn't fit
Sell Extended live order book, 40 min ago	6.22 bp	61.5 bp −$61	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	0.8895	−0.172%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8892	−0.207%	$2.7M	$3.7M	50x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8890	−0.224%	$2.5M	$285K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8895	−0.168%	$483K	$174K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8889	−0.236%	$334K	$388K	5x	as long as short
Extended MOVR-USDshort	+0.0104%	1h	0.8894	−0.183%	$4K	$219K	5x
BloFin MOVR-USDT	+0.0131%	4h	0.8898	−0.135%	$170K	$12K	50x	as long as short
Variational Omni MOVR	+0.0212%	4h	0.8924	+0.152%	$7K	$11K	—	as long as short
Bybit MOVRUSDTlong	+0.0775%	4h	0.8910	long leg	$1.1M	$306K	20x
BingX MOVR-USDT	+0.0808%	4h	0.8891	−0.213%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MOVR_USDT	+0.0991%	8h	0.8900	−0.112%	$283K	$311K	25x	as long as short
Kraken Futures PF_MOVRUSD	+0.1954%	1h	0.8914	+0.047%	$18K	$11K	10x	as long as short