Funding you earn now, next payment 00:00 UTC−0.0192%/8h= −21.0% APRnext payment −$0.96 per $10,000 · paid last 24h −0.063%
Price spread now: Bybit against BloFin−0.182%72s7-day average +0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as 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−$1351.346% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)+0.162%+$16 · spread now −0.182%, 7d avg +0.033%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.215% cheaper against BloFin than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.033%). Swap the legs. The two prices were read 72 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 −$0.96 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 | 0.009360 | −0.0087 | get 0.0043% / 4h | 1h 28m | $120K | $12K | 75x |
| Short | Bybit MOVEUSDT | 0.009343 | −0.0278 | pay 0.0139% / 4h | 1h 28m | $1.9M | $653K | 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
- −$40.23
- Price spread: −0.182% → +0.033%
- −$21.51
- Slippage, 4 orders
- −$111.57
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$196.3
- Costs to cover
- 1.346%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 44 min ago; Bybit: live order book, 3 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, 44 min ago | 2.14 bp | 16.2 bp −$16 | 49.7 bp −$497 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.34 bp | 51.8 bp −$52 | 171.2 bp −$1,712 | 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 | −0.0278% | 4h | 0.009343 | −0.182% | $1.9M | $653K | 25x | |
| BloFin MOVE-USDTlong | −0.0087% | 4h | 0.009360 | long leg | $120K | $12K | 75x | |
| Binance MOVEUSDT | −0.0042% | 4h | 0.009347 | −0.139% | $2.0M | $4.1M | 25x | as long as short |
| MEXC MOVE_USDT | −0.0042% | 4h | 0.009352 | −0.085% | $3.8M | $218K | 20x | as long as short |
| Aster MOVEUSDT | −0.0041% | 4h | 0.009360 | 0.000% | $12K | $10K | 5x | as long as short |
| Extended MOVE-USD | −0.0040% | 1h | 0.009362 | +0.023% | $10K | $143K | 5x | as long as short |
| Injective MOVE/USDC PERP | +0.0033% | 1h | 0.008930 | −4.594% | $722 | $21K | 12x | as long as short |
| Hyperliquid MOVE | +0.0100% | 1h | 0.009352 | −0.085% | $230K | $209K | 3x | as long as short |
| OKX MOVE-USDT-SWAP | +0.0100% | 4h | 0.009350 | −0.107% | $985K | $1.0M | 20x | as long as short |
| Gate MOVE_USDT | +0.0100% | 8h | 0.009360 | 0.000% | $425K | $342K | 25x | as long as short |
Binance MOVEUSDT
MEXC MOVE_USDT
Aster MOVEUSDT
Extended MOVE-USD
Injective MOVE/USDC PERP
Hyperliquid MOVE
OKX MOVE-USDT-SWAP
Gate MOVE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MOVEUSDTM | +0.0100% | 4h | 0.009360 | 0.000% | $1.2M | $36K | 25x | as long as short |
| Bitget MOVEUSDT | +0.0100% | 4h | 0.009358 | −0.021% | $845K | $421K | 25x | as long as short |
| BingX MOVE-USDT | +0.0100% | 4h | 0.009349 | −0.118% | — | $6.5M | — | as long as short |
| Variational Omni MOVE | +0.0100% | 4h | 0.009354 | −0.066% | $6K | $2K | — | as long as short |
KuCoin MOVEUSDTM
Bitget MOVEUSDT
BingX MOVE-USDT
Variational Omni MOVE