Funding arb · Price arb /

MOVR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0402%/8h= +44.0% APRpaid last 24h +0.032%

Price spread now: BingX against Extended+0.035%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1721.720% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.035%, 7d avg +0.114%

Together, before fees+0.145%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.079% cheaper against Extended than usual: you would sell low and buy high (spread +0.035% now, against its 7-day average of +0.114%). If the spread goes back, that is −$8 on $10k: about 16 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.028% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.4% 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	Extended MOVR-USD	0.8886	0.0104	pay 0.0013% / 1h	35m 05s	$2K	$230K	5x
Short	BingX MOVR-USDT	0.8889	0.0506	get 0.0253% / 4h	1h 35m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $84.42
Price spread: +0.035% → +0.114%: −$7.88
Slippage, 4 orders: −$156.99
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$95.46
Costs to cover: 1.720%
Break-even: 14.9 days

Slippage from Extended: live order book, 7 min ago; BingX: live order book, 3 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 Extended live order book, 7 min ago	4.50 bp	54.0 bp −$54	424.7 bp −$4,247	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	7.86 bp	27.7 bp −$28	75.9 bp −$759	585.8 bp −$58.6K	843.5 bp −$421.8K

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	+0.102%	$171K	$12K	50x	as long as short
Aster MOVRUSDT	+0.0100%	4h	0.8878	−0.086%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8889	+0.037%	$2.7M	$3.7M	50x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8888	+0.024%	$2.5M	$286K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8887	+0.012%	$479K	$174K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8893	+0.080%	$332K	$405K	5x	as long as short
Extended MOVR-USDlong	+0.0104%	1h	0.8886	long leg	$2K	$230K	5x
Gate MOVR_USDT	+0.0113%	8h	0.8890	+0.046%	$289K	$323K	25x	as long as short
Variational Omni MOVR	+0.0434%	4h	0.8893	+0.085%	$7K	$11K	—	as long as short
BingX MOVR-USDTshort	+0.0506%	4h	0.8889	+0.035%	—	$2.3M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MOVRUSDT	+0.0560%	4h	0.8900	+0.159%	$1.1M	$307K	20x	as long as short
Kraken Futures PF_MOVRUSD	+0.1764%	1h	0.8888	+0.022%	$19K	$13K	10x	as long as short