Funding you earn now, next payment 04:00 UTC−0.4388%/8h= −480.5% APRnext payment −$21.94 per $10,000 · paid last 24h −0.076%
Price spread now: Bybit against Binance+0.085%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1311.310% of the position
Funding, last 7 days−0.105%−$11 on $10k
+Price spread, last 7 days+0.081%+$8 · spread now +0.085%, 7d avg +0.063%
=The price spread pays, funding is against you. Bybit is 0.022% dearer against Binance than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.063%): +$2 on $10k if it goes back. Holding the pair costs −$132 a day in funding at the current rate, which eats that in about under an hour. At the pace of the last 7 days (−0.105% in total) that is about 36 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$21.94 per $10,000. 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 | Binance MOVEUSDT | 0.009442 | 0.0100 | pay 0.0050% / 4h | 3h 57m | $2.1M | $4.2M | 25x |
| Short | Bybit MOVEUSDT | 0.009450 | −0.4288 | pay 0.2144% / 4h | 3h 57m | $2.0M | $665K | 25x |
Binance MOVEUSDT
Bybit MOVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$921.52
- Price spread: +0.085% → +0.063%
- $2.22
- Slippage, 4 orders
- −$110.03
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,050.33
- Costs to cover
- 1.310%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bybit: live order book, 9 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 Binance live order book, 9 min ago | 0.53 bp | 22.0 bp −$22 | 138.5 bp −$1,385 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 5.33 bp | 38.4 bp −$38 | 160.7 bp −$1,607 | doesn't fit | doesn't fit |
MOVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MOVEUSDTshort | −0.4288% | 4h | 0.009450 | +0.085% | $2.0M | $665K | 25x | |
| Injective MOVE/USDC PERP | +0.0033% | 1h | 0.008930 | −5.423% | $722 | $21K | 12x | as long as short |
| BloFin MOVE-USDT | +0.0055% | 4h | 0.009425 | −0.180% | $120K | $11K | 75x | as long as short |
| Hyperliquid MOVE | +0.0100% | 1h | 0.009433 | −0.095% | $235K | $208K | 3x | as long as short |
| Aster MOVEUSDT | +0.0100% | 4h | 0.009481 | +0.416% | $12K | $10K | 5x | as long as short |
| Binance MOVEUSDTlong | +0.0100% | 4h | 0.009442 | long leg | $2.1M | $4.2M | 25x | |
| OKX MOVE-USDT-SWAP | +0.0100% | 4h | 0.009444 | +0.021% | $995K | $1.0M | 20x | as long as short |
| Gate MOVE_USDT | +0.0100% | 8h | 0.009450 | +0.085% | $428K | $326K | 25x | as long as short |
| MEXC MOVE_USDT | +0.0100% | 4h | 0.009426 | −0.169% | $3.8M | $211K | 20x | as long as short |
| KuCoin MOVEUSDTM | +0.0100% | 4h | 0.009440 | −0.021% | $1.2M | $30K | 25x | as long as short |
Injective MOVE/USDC PERP
BloFin MOVE-USDT
Hyperliquid MOVE
Aster MOVEUSDT
OKX MOVE-USDT-SWAP
Gate MOVE_USDT
MEXC MOVE_USDT
KuCoin MOVEUSDTMShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MOVEUSDT | +0.0100% | 4h | 0.009438 | −0.042% | $852K | $412K | 25x | as long as short |
| BingX MOVE-USDT | +0.0100% | 4h | 0.009449 | +0.074% | — | $6.5M | — | as long as short |
| Variational Omni MOVE | +0.0100% | 4h | 0.009434 | −0.088% | $6K | $1K | — | as long as short |
| Extended MOVE-USD | +0.0104% | 1h | 0.009424 | −0.196% | $10K | $140K | 5x | as long as short |
Bitget MOVEUSDT
BingX MOVE-USDT
Variational Omni MOVE
Extended MOVE-USD