Funding you earn now, next payment 00:00 UTC−0.0623%/8h= −68.2% APRnext payment −$3.11 per $10,000 · paid last 24h −0.063%
Price spread now: Bybit against BloFin−0.160%82s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as 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−$1391.391% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)+0.160%+$16 · spread now −0.160%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.194% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.034%). Swap the legs. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.11 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 | BloFin MOVE-USDT | 0.009355 | 0.0142 | pay 0.0071% / 4h | 2h 11m | $122K | $12K | 75x |
| Short | Bybit MOVEUSDT | 0.009340 | −0.0481 | pay 0.0240% / 4h | 2h 11m | $1.9M | $654K | 25x |
BloFin MOVE-USDT
Bybit MOVEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against BloFin. 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
- −$130.8
- Price spread: −0.160% → +0.034%
- −$19.44
- Slippage, 4 orders
- −$116.08
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$289.32
- Costs to cover
- 1.391%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 1 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 BloFin live order book, 1 min ago | 2.14 bp | 16.2 bp −$16 | 49.7 bp −$497 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 10.68 bp | 46.9 bp −$47 | 171.5 bp −$1,715 | 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 | −0.0481% | 4h | 0.009340 | −0.160% | $1.9M | $654K | 25x | |
| Injective MOVE/USDC PERP | +0.0033% | 1h | 0.008930 | −4.543% | $722 | $21K | 12x | as long as short |
| Hyperliquid MOVE | +0.0100% | 1h | 0.009346 | −0.096% | $228K | $210K | 3x | as long as short |
| Aster MOVEUSDT | +0.0100% | 4h | 0.009304 | −0.543% | $11K | $12K | 5x | as long as short |
| Binance MOVEUSDT | +0.0100% | 4h | 0.009323 | −0.338% | $2.0M | $4.1M | 25x | as long as short |
| OKX MOVE-USDT-SWAP | +0.0100% | 4h | 0.009346 | −0.096% | $983K | $1.0M | 20x | as long as short |
| Gate MOVE_USDT | +0.0100% | 8h | 0.009350 | −0.053% | $421K | $338K | 25x | as long as short |
| MEXC MOVE_USDT | +0.0100% | 4h | 0.009323 | −0.342% | $3.8M | $234K | 20x | as long as short |
| KuCoin MOVEUSDTM | +0.0100% | 4h | 0.009340 | −0.160% | $1.2M | $37K | 25x | as long as short |
| Bitget MOVEUSDT | +0.0100% | 4h | 0.009344 | −0.118% | $848K | $423K | 25x | as long as short |
Injective MOVE/USDC PERP
Hyperliquid MOVE
Aster MOVEUSDT
Binance MOVEUSDT
OKX MOVE-USDT-SWAP
Gate MOVE_USDT
MEXC MOVE_USDT
KuCoin MOVEUSDTM
Bitget MOVEUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MOVE-USDT | +0.0100% | 4h | 0.009343 | −0.128% | — | $6.5M | — | as long as short |
| Variational Omni MOVE | +0.0100% | 4h | 0.009375 | +0.209% | $6K | $2K | — | as long as short |
| Extended MOVE-USD | +0.0104% | 1h | 0.009322 | −0.348% | $10K | $143K | 5x | as long as short |
| BloFin MOVE-USDTlong | +0.0142% | 4h | 0.009355 | long leg | $122K | $12K | 75x |
BingX MOVE-USDT
Variational Omni MOVE
Extended MOVE-USD