Funding arb · Price arb /

MOVR

all MOVR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.014%

Price spread now: Variational Omni against Extended+0.232%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.232% dearer against Extended than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MOVR-USD	0.8913	0.0104	pay 0.0013% / 1h	41m 37s	$2K	$214K	5x
Short	Variational Omni MOVR	0.8933	0.0274	get 0.0137% / 4h	41m 37s	$7K	$11K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.232%Rate

Funding earned: $35.64
Price spread: +0.232% → 0.000%: $23.21
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $53.85
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 61 min ago; Variational Omni: no order-book sample. Net counts fees only.

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, 61 min ago	4.50 bp	54.0 bp −$54	424.7 bp −$4,247	doesn't fit	doesn't fit
Sell Variational Omni no order-book sample	—	—	—	—	—

Variational Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.8905	−0.088%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8913	+0.005%	$2.7M	$3.6M	50x	as long as short
Gate MOVR_USDT	+0.0100%	8h	0.8920	+0.083%	$288K	$319K	25x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8916	+0.038%	$2.5M	$286K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8910	−0.029%	$478K	$173K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8918	+0.061%	$333K	$389K	5x	as long as short
Extended MOVR-USDlong	+0.0104%	1h	0.8913	long leg	$2K	$214K	5x
BloFin MOVR-USDT	+0.0156%	4h	0.8915	+0.027%	$172K	$12K	50x	as long as short
Variational Omni MOVRshort	+0.0274%	4h	0.8933	+0.232%	$7K	$11K	—
BingX MOVR-USDT	+0.0382%	4h	0.8921	+0.095%	—	$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 MOVRUSDT	+0.0390%	4h	0.8926	+0.151%	$1.1M	$302K	20x	as long as short
Kraken Futures PF_MOVRUSD	+0.0930%	1h	0.8922	+0.109%	$18K	$11K	10x	as long as short