MOVE

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0455%/8h= +49.8% APRnext payment +$2.27 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bybit−0.139%7-day average −0.007% · 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−$184as in the Price arb table

costs, in and out, $10k−$1711.706% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.212%+$21 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.139%, 7d avg −0.007%

Together, before fees+0.427%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.132% cheaper against Bybit than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.007%). If the spread goes back, that is −$13 on $10k: about 23 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.212% in total) that is about 4.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.27 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	Bybit MOVEUSDT	0.009342	−0.0355	get 0.0177% / 4h	2h 06m	$1.9M	$654K	25x
Short	OKX MOVE-USDT-SWAP	0.009329	0.0100	get 0.0050% / 4h	2h 06m	$983K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BybitbpFee OKXbpOrdersPrice spread, now −0.139%Rate

Funding earned: $95.5
Price spread: −0.139% → −0.007%: −$13.18
Slippage, 4 orders: −$149.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.24
Costs to cover: 1.706%
Break-even: 13.5 days

Slippage from Bybit: live order book, 10 min ago; OKX: 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 Bybit live order book, 10 min ago	10.68 bp	61.5 bp −$62	183.0 bp −$1,830	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.67 bp	29.8 bp −$30	doesn't fit	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 MOVEUSDTlong	−0.0355%	4h	0.009342	long leg	$1.9M	$654K	25x
Injective MOVE/USDC PERP	+0.0033%	1h	0.008930	−4.410%	$722	$21K	12x	as long as short
BloFin MOVE-USDT	+0.0094%	4h	0.009332	−0.107%	$121K	$12K	75x	as long as short
Hyperliquid MOVE	+0.0100%	1h	0.009332	−0.107%	$228K	$209K	3x	as long as short
Aster MOVEUSDT	+0.0100%	4h	0.009331	−0.116%	$11K	$12K	5x	as long as short
Binance MOVEUSDT	+0.0100%	4h	0.009329	−0.139%	$2.0M	$4.1M	25x	as long as short
OKX MOVE-USDT-SWAPshort	+0.0100%	4h	0.009329	−0.139%	$983K	$1.0M	20x
Gate MOVE_USDT	+0.0100%	8h	0.009350	+0.086%	$421K	$338K	25x	as long as short
MEXC MOVE_USDT	+0.0100%	4h	0.009331	−0.118%	$3.8M	$234K	20x	as long as short
KuCoin MOVEUSDTM	+0.0100%	4h	0.009340	−0.021%	$1.2M	$37K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOVEUSDT	+0.0100%	4h	0.009340	−0.021%	$847K	$423K	25x	as long as short
BingX MOVE-USDT	+0.0100%	4h	0.009343	+0.011%	—	$6.5M	—	as long as short
Variational Omni MOVE	+0.0100%	4h	0.009345	+0.030%	$6K	$2K	—	as long as short
Extended MOVE-USD	+0.0104%	1h	0.009330	−0.129%	$10K	$143K	5x	as long as short