Funding arb · Price arb /

MOG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.2403%/8h= −263.1% APRpaid last 24h +0.601%

Price spread now: Deribit against BingX+0.247%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.247% dearer against BingX than usual: you sell high and buy low (spread +0.247% now, against zero (this spread has no 7-day history yet)): +$25 on $10k if it goes back. Holding the pair costs −$72 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 1000000MOG-USDT	0.0000001217	0.0200	pay 0.0100% / 4h	3h 11m	—	$1.4M	—
Short	Deribit 1000MOG_USDC-PERPETUAL	0.0000001220	−0.2203	pay 0.0275% / 1h	11m 39s	$32K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.247%Rate

Funding earned: −$504.63
Price spread: +0.247% → 0.000%: $24.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$496.98
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BingX: live order book, 4 min ago; Deribit: no order-book sample. Net counts fees only.

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 BingX live order book, 4 min ago	12.30 bp	34.9 bp −$35	188.0 bp −$1,880	728.8 bp −$72.9K	1147.7 bp −$573.9K
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MOG on 12 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
Deribit 1000MOG_USDC-PERPETUALshort	−0.2203%	1h	0.0000001220	+0.247%	$32K	$30K	10x
BloFin 1000000MOG-USDT	+0.0063%	4h	0.0000001221	+0.329%	$78K	$21K	50x	as long as short
Binance 1000000MOGUSDT	+0.0100%	4h	0.0000001217	0.000%	$1.2M	$4.0M	50x	as long as short
Bybit 1000000MOGUSDT	+0.0100%	4h	0.0000001218	+0.082%	$1.7M	$2.4M	50x	as long as short
Gate MOG_USDT	+0.0100%	4h	0.0000001217	0.000%	$449K	$347K	25x	as long as short
MEXC 1000000MOG_USDT	+0.0100%	4h	0.0000001217	0.000%	$737K	$223K	100x	as long as short
Bitget 1000000MOGUSDT	+0.0100%	4h	0.0000001217	0.000%	$342K	$176K	50x	as long as short
BingX 1000000MOG-USDTlong	+0.0200%	4h	0.0000001217	long leg	—	$1.4M	—
Variational Omni 1000000MOG	+0.0235%	4h	0.0000001221	+0.352%	$6K	$14K	—	as long as short
Kraken Futures PF_MOGUSD	+0.0375%	1h	0.0000001216	−0.049%	$49K	$41K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin 1000000MOGUSDTM	+0.0680%	4h	0.0000001220	+0.247%	$670K	$155K	30x	as long as short
Coinbase International 1000MOG-PERP-INTX	+0.0944%	1h	0.0000001221	+0.329%	$67K	$10K	25x	as long as short