Funding arb · Price arb /

MOVR

all MOVR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1676%/8h= −183.5% APRpaid last 24h −0.280%

Price spread now: BingX against Kraken Futures−0.036%53s7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on BingX

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—needs both histories

Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and BingX is 0.036% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 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	Kraken Futures PF_MOVRUSD	0.8815	0.1976	pay 0.0247% / 1h	38m 17s	$18K	$11K	10x
Short	BingX MOVR-USDT	0.8812	0.0300	get 0.0150% / 4h	3h 38m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Kraken Futures. 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 Kraken FuturesbpFee BingXbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$351.95
Price spread: −0.036% → 0.000%: −$3.56
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$375.51
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; BingX: live order book, 10 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	6.76 bp	26.7 bp −$27	78.6 bp −$786	580.5 bp −$58.0K	816.0 bp −$408.0K

Kraken Futures: 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	0.8821	+0.062%	$16K	$11K	5x	as long as short
Binance MOVRUSDT	+0.0100%	4h	0.8818	+0.031%	$2.7M	$3.7M	50x	as long as short
Bybit MOVRUSDT	+0.0100%	4h	0.8830	+0.169%	$1.1M	$308K	20x	as long as short
Gate MOVR_USDT	+0.0100%	8h	0.8810	−0.058%	$276K	$313K	25x	as long as short
MEXC MOVR_USDT	+0.0100%	4h	0.8814	−0.013%	$2.5M	$287K	20x	as long as short
KuCoin MOVRUSDTM	+0.0100%	4h	0.8813	−0.024%	$478K	$173K	30x	as long as short
Bitget MOVRUSDT	+0.0100%	4h	0.8816	+0.010%	$331K	$391K	5x	as long as short
Extended MOVR-USD	+0.0104%	1h	0.8815	+0.004%	$4K	$219K	5x	as long as short
BloFin MOVR-USDT	+0.0111%	4h	0.8827	+0.135%	$173K	$12K	50x	as long as short
Variational Omni MOVR	+0.0196%	4h	0.8844	+0.322%	$7K	$11K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX MOVR-USDTshort	+0.0300%	4h	0.8812	−0.036%	—	$2.3M	—
Kraken Futures PF_MOVRUSDlong	+0.1976%	1h	0.8815	long leg	$18K	$11K	10x