Funding arb · Price arb /

MOVR

all MOVR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0525%/8h= −57.5% APRpaid last 24h −0.192%

Price spread now: BloFin against Gate+0.101%63s7-day average −0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1121.124% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 4 days (all we have)−0.680%−$68 · spread now +0.101%, 7d avg −0.087%

Together, before fees−1.190%−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.188% dearer against Gate than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.087%): +$19 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.510% in total) that is about 2.6 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOVR_USDT	0.8880	0.0605	pay 0.0605% / 8h	7h 14m	$279K	$321K	25x
Short	BloFin MOVR-USDT	0.8889	0.0080	get 0.0040% / 4h	3h 14m	$173K	$13K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$110.22
Price spread: +0.101% → −0.087%: $18.82
Slippage, 4 orders: −$85.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$203.84
Costs to cover: 1.124%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; BloFin: live order book, 51 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 Gate live order book, 16 min ago	11.42 bp	45.8 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 51 min ago	0.56 bp	12.9 bp −$13	13.7 bp −$137	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-USDTshort	+0.0080%	4h	0.8889	+0.101%	$173K	$13K	50x
Aster MOVRUSDT	+0.0100%	4h	0.8878	−0.023%	$17K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8874	−0.068%	$2.7M	$3.7M	50x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8873	−0.079%	$2.5M	$292K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8870	−0.113%	$480K	$173K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8870	−0.113%	$331K	$393K	5x	as long as short
Extended MOVR-USD	+0.0104%	1h	0.8877	−0.038%	$2K	$212K	5x	as long as short
Variational Omni MOVR	+0.0201%	4h	0.8904	+0.267%	$7K	$11K	—	as long as short
BingX MOVR-USDT	+0.0344%	4h	0.8881	+0.011%	—	$2.3M	—	as long as short
Bybit MOVRUSDT	+0.0564%	4h	0.8895	+0.169%	$1.1M	$316K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate MOVR_USDTlong	+0.0605%	8h	0.8880	long leg	$279K	$321K	25x
Kraken Futures PF_MOVRUSD	+0.1962%	1h	0.8879	−0.015%	$18K	$12K	10x	as long as short