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MOVR perp index risk

Each exchange prices MOVR perp liquidations from a mark price built on an index: a weighted basket of spot prices. This page shows each index's composition and an estimate of how much resting spot liquidity backs it.

Source: exchange public APIsIndex constituents hourly, depth every 5 min, UTCModel static-book v1As of 13:57 UTC

Index depth is a static-book estimate for the index, not the mark. Static-book estimates from public exchange data. Not a real cost to move any price, not a mark-price forecast, and not trading advice. Methodology and limitations · Constituent changes · All perps

Indexes: Binance MOVRUSDT · Bitget MOVRUSDT · Bybit MOVRUSDT

Binance MOVRUSDT index

index MOVRUSDT · constituents 2026-10-01 13:20Z

Composition and constituent price vs index median (observed)

ConstituentPairType WeightPrice vs median Guard
BinanceMOVRUSDTspot 63.5%2.843 -0.08%
BitgetMOVRUSDTspot 9.5%2.857 +0.42%
KuCoinMOVR-USDTspot 9.5%2.8139 -1.10%
MEXCMOVRUSDTspot 9.5%2.8492 +0.14%
GateMOVR_USDTspot 6.3%2.8443 -0.03%
binance_cross3MOVRTRY/USDTTRYcross 1.6%2.84606 +0.03%

Prices as published by Binance with the composition (2026-10-01 13:20Z). Widest constituent spread 1.53%. Guard: Binance caps a source more than 3% from the median (exchange doc, rule set binance-usdm-2026-09-25). Modelled index from these prices: 2.84228.

Mark and index

Observed mark 2.710945, last price 2.698800 (2026-10-01 13:55Z). Observed mark vs modelled index: -4.62% (snapshot times differ; index from the constituent snapshot). No modelled mark move is shown for this perp.

Index depth and est. liquidation exposure

No static-book estimate for this perp yet: index depth is only estimated for perps whose spot books are sampled.

Bitget MOVRUSDT index

index MOVRUSDT · constituents 2026-10-01 13:36Z · coverage Ok

Composition and constituent price vs index median (observed)

ConstituentPairType WeightPrice vs median Guard
BinanceMOVR/USDTspot 83.5%2.827 -0.12%
GateMOVR/USDTspot 5.4%2.831 +0.02%
BybitMOVR/USDTspot 4.8%2.833 +0.09%
BitgetMOVR/USDTspot 2.8%2.834 +0.12%
MEXCMOVR/USDTspot 1.8%2.83 -0.02%
KuCoinMOVR/USDTspot 1.7%2.771 -2.10%

Prices as published by Bitget with the composition (2026-10-01 13:36Z). Widest constituent spread 2.27%. Guard: Bitget drops a source more than 5% from the median (exchange doc, rule set bitget-usdtm-2025-10-13). Modelled index: incomplete (leg ('kucoin', 'MOVR/USDT') in the 2-5% re-entry band and its previous state is unknown).

Mark and index

Observed mark 2.692300, last price 2.692300 (2026-10-01 13:55Z). Observed mark vs modelled index: n/a (snapshot times differ; index from the constituent snapshot). No modelled mark move is shown for this perp.

Index depth and est. liquidation exposure

RangeIndex depth (est.) Depth / OI Est. liquidation exposureof which observed Exposure-to-depth ratio (est.)
+2%$51k0.1% $4.1M$080x est.
+5%$77k0.2% $6.5M$084x est.
-2%$47k0.1% $4.1M$087x est.
-5%$110k0.3% $6.5M$061x est.

Sensitivity (uncalibrated). Index depth to +5% under 0.5x $39k, 1x $77k, 2x $150k book refill. Index depth to -5% under 0.5x $53k, 1x $110k, 2x $210k book refill. The multipliers are assumptions, not fitted to observed events.

Coverage 100% of index weight modelled. Included OI $34M (100% complete, exposure ok). Confidence high. Estimate 2026-10-01 13:49Z, books 2026-10-01 13:49Z, exposure 2026-10-01 13:50Z. Models: static-book v1; bitget-usdtm-2025-10-13; liq-in-range v1; prior hl-2026-09-27.

Bybit MOVRUSDT index

index MOVRUSDT · constituents 2026-10-01 13:35Z · coverage Ok

Composition and constituent price vs index median (observed)

ConstituentPairType WeightPrice vs median Guard
BinanceMOVRUSDTspot 86.7%2.806 +0.29%
GateMOVR_USDTspot 5.6%2.7972 -0.03%
BybitMOVRUSDTspot 4.9%2.798 +0.00%
MEXCMOVRUSDTspot 1.9%2.805 +0.25%
KuCoinMOVR-USDTspot 0.9%2.7714 -0.95%

Prices as published by Bybit with the composition (2026-10-01 13:35Z). Widest constituent spread 1.25%. Guard: Bybit drops a source more than 5% from the median (exchange doc, rule set bybit-linear-2026-09-04). Modelled index from these prices: 2.80478.

Mark and index

Observed mark 2.715700, last price 2.701000 (2026-10-01 13:55Z). Observed mark vs modelled index: -3.18% (snapshot times differ; index from the constituent snapshot). No modelled mark move is shown for this perp.

Index depth and est. liquidation exposure

RangeIndex depth (est.) Depth / OI Est. liquidation exposureof which observed Exposure-to-depth ratio (est.)
+2%$51k0.1% $4.1M$080x est.
+5%$80k0.2% $6.5M$081x est.
-2%$47k0.1% $4.1M$087x est.
-5%$100k0.3% $6.5M$064x est.

Sensitivity (uncalibrated). Index depth to +5% under 0.5x $40k, 1x $80k, 2x $160k book refill. Index depth to -5% under 0.5x $50k, 1x $100k, 2x $200k book refill. The multipliers are assumptions, not fitted to observed events.

Coverage 100% of index weight modelled. Included OI $34M (100% complete, exposure ok). Confidence high. Estimate 2026-10-01 13:49Z, books 2026-10-01 13:49Z, exposure 2026-10-01 13:50Z. Models: static-book v1; bybit-linear-2026-09-04; liq-in-range v1; prior hl-2026-09-27.

Constituent divergence history, last 30 days

No constituent divergence recorded for MOVR in the last 30 days.

Index, not mark. Index depth is a static-book estimate of resting spot liquidity between the index and the stated move, after the exchange's guard. Liquidations use the mark price, which also follows the perp's own price and basis. Static-book estimates from public exchange data. Not a real cost to move any price, not a mark-price forecast, and not trading advice.

Method. Constituents and weights come from each exchange's public index API, refreshed hourly. Spot order books are sampled every 5 minutes. Sources we cannot read are held fixed, so the figure is neither an upper nor a lower bound. See how mark and index prices work and the constituent change log.

MOVR index risk FAQ

What does this page show?

For each MOVR perpetual on Binance, OKX, Bybit and Bitget: the spot sources the exchange uses for its index and their weights, how far each source's price currently sits from the median of the others (observed), the exchange's published outlier guard, and a static-book estimate of resting spot liquidity between the index and +/-2% and +/-5%.

Is index depth the amount needed to move the mark price?

No. Liquidations use the mark price, which also depends on the perp's own price and basis. Index depth is a static-book estimate for the index only: real books refill and arbitrage closes gaps, so it is neither an upper nor a lower bound on any real-world figure.

What do the coverage states mean?

OK: at least 80% of index weight comes from order books we read, books under 15 minutes old and constituents under 2 hours old. Partial: 50-80% modelled, the rest held fixed. Stale: the last estimate is older than that and is shown greyed. Insufficient: composition only, no depth or ratio.

Why is the sensitivity marked uncalibrated?

It multiplies the static-book figure by 0.5x, 1x and 2x to show how much the estimate depends on book refill. The multipliers are not fitted to observed events yet, so treat them as a range of assumptions, not a measurement.