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−0.0242%/8h= −26.5% APRpaid last 24h +0.162%
Price spread now: Gate against Bybit−0.227%7-day average −0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$1981.984% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.468%+$47 on $10k
Price spread, last 4 days (all we have)+0.227%+$23 · spread now −0.227%, 7d avg −0.040%
Together, before fees+0.695%+$70 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.187% cheaper against Bybit than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.040%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.468%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MOVRUSDT0.88100.0342pay 0.0171% / 4h2h 21m$1.1M$304K20x
ShortGate MOVR_USDT0.87900.0100get 0.0100% / 8h2h 21m$287K$329K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
−$50.78
Price spread: −0.227% → −0.040%
−$18.7
Slippage, 4 orders
−$172.43
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$267.92
Costs to cover
1.984%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 23 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 Bybit live order book, 4 min ago5.69 bp61.3 bp −$611406.7 bp −$14.1Kdoesn't fitdoesn't fit
Sell Gate live order book, 23 min ago5.64 bp37.8 bp −$38doesn'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%4h0.8788−0.254%$16K$11K5xas long as short
Binance MOVRUSDT+0.0100%4h0.8795−0.170%$2.6M$3.7M50xas long as short
Gate MOVR_USDTshort+0.0100%8h0.8790−0.227%$287K$329K25x
MEXC MOVR_USDT+0.0100%4h0.8797−0.148%$2.5M$294K20xas long as short
KuCoin MOVRUSDTM+0.0100%4h0.8771−0.443%$475K$176K30xas long as short
Bitget MOVRUSDT+0.0100%4h0.8787−0.261%$325K$407K5xas long as short
BloFin MOVR-USDT+0.0102%4h0.8757−0.602%$171K$12K50xas long as short
Extended MOVR-USD+0.0104%1h0.8793−0.197%$3K$282K5xas long as short
Bybit MOVRUSDTlong+0.0342%4h0.8810long leg$1.1M$304K20x
BingX MOVR-USDT+0.0348%4h0.8790−0.227%$2.3Mas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni MOVR+0.0362%4h0.8759−0.584%$7K$11Kas long as short
Kraken Futures PF_MOVRUSD+0.1895%1h0.8799−0.123%$19K$13K10xas long as short