Settings8H · net · $10k
Funding arb · Price arb /

MOVE

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Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+0.1013%/8h= +110.9% APRpaid last 24h +0.081%
Price spread now: Extended against Bybit−0.151%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1611.613% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.273%+$27 on $10k
Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.151%, 7d avg −0.078%
Together, before fees+0.433%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.074% cheaper against Bybit than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.078%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.273% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.273% in total (about 14.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MOVEUSDT0.009168−0.0957get 0.0478% / 4h1h 28m$1.9M$560K25x
ShortExtended MOVE-USD0.0091540.0056get 0.0007% / 1h28m 36s$11K$190K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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

Funding earned
$212.72
Price spread: −0.151% → −0.078%
−$7.36
Slippage, 4 orders
−$145.28
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$44.08
Costs to cover
1.613%
Break-even
5.5 days
Slippage from Bybit: live order book, 1 min ago; Extended: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago10.90 bp48.2 bp −$48184.2 bp −$1,842doesn't fitdoesn't fit
Sell Extended live order book, 15 min ago2.71 bp37.1 bp −$37doesn't fitdoesn't fitdoesn't fit

MOVE on 14 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit MOVEUSDTlong−0.0957%4h0.009168long leg$1.9M$560K25x
Injective MOVE/USDC PERP+0.0033%1h0.009310+1.549%$753$10012xas long as short
Extended MOVE-USDshort+0.0056%1h0.009154−0.151%$11K$190K5x
MEXC MOVE_USDT+0.0056%4h0.009155−0.142%$3.7M$183K20xas long as short
Binance MOVEUSDT+0.0083%4h0.009157−0.124%$1.9M$4.1M25xas long as short
BloFin MOVE-USDT+0.0087%4h0.009161−0.076%$114K$4K75xas long as short
Hyperliquid MOVE+0.0100%1h0.009160−0.087%$225K$182K3xas long as short
Aster MOVEUSDT+0.0100%4h0.009154−0.148%$11K$10K5xas long as short
OKX MOVE-USDT-SWAP+0.0100%4h0.009160−0.087%$936K$823K20xas long as short
Gate MOVE_USDT+0.0100%8h0.009160−0.087%$398K$231K25xas long as short
Show all 14 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin MOVEUSDTM+0.0100%4h0.009160−0.087%$1.1M$17K25xas long as short
Bitget MOVEUSDT+0.0100%4h0.009163−0.055%$827K$324K25xas long as short
BingX MOVE-USDT+0.0100%4h0.009159−0.098%$6.5Mas long as short
Variational Omni MOVE+0.0100%4h0.009163−0.056%$7K$1Kas long as short