Funding arb · Price arb /

MOVR

all MOVR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0297%/8h= +32.5% APRpaid last 24h +0.038%

Price spread now: Bybit against Extended+0.260%7-day average +0.167% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2372.367% of the position

Long on Extended Short on Bybit

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)−0.040%−$4 · spread now +0.260%, 7d avg +0.167%

Together, before fees−0.006%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.093% dearer against Extended than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.167%.

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	Extended MOVR-USD	0.8797	0.0104	pay 0.0013% / 1h	20m 31s	$3K	$282K	5x
Short	Bybit MOVRUSDT	0.8820	0.0401	get 0.0200% / 4h	2h 20m	$1.1M	$304K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Extended. 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 ExtendedbpFee BybitbpOrdersPrice spread, now +0.260%Rate

Funding earned: $62.35
Price spread: +0.260% → +0.167%: $9.27
Slippage, 4 orders: −$220.72
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$165.09
Costs to cover: 2.367%
Break-even: 25.5 days

Slippage from Extended: live order book, 27 min ago; Bybit: live order book, 5 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, 27 min ago	5.64 bp	72.8 bp −$73	459.9 bp −$4,599	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	5.69 bp	56.1 bp −$56	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
BloFin MOVR-USDT	+0.0074%	4h	0.8797	−0.002%	$170K	$12K	50x	as long as short
Aster MOVRUSDT	+0.0100%	4h	0.8799	+0.023%	$16K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8810	+0.146%	$2.6M	$3.7M	50x	as long as short
Gate MOVR_USDT	+0.0100%	8h	0.8800	+0.033%	$287K	$329K	25x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8800	+0.033%	$2.5M	$294K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8778	−0.218%	$475K	$176K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8786	−0.127%	$325K	$407K	5x	as long as short
Extended MOVR-USDlong	+0.0104%	1h	0.8797	long leg	$3K	$282K	5x
Variational Omni MOVR	+0.0339%	4h	0.8808	+0.129%	$7K	$11K	—	as long as short
BingX MOVR-USDT	+0.0348%	4h	0.8808	+0.123%	—	$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 MOVRUSDTshort	+0.0401%	4h	0.8820	+0.260%	$1.1M	$304K	20x
Kraken Futures PF_MOVRUSD	+0.1899%	1h	0.8778	−0.216%	$19K	$13K	10x	as long as short