Funding arb · Price arb /

MOG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.2333%/8h= −255.5% APRpaid last 24h +0.743%

Price spread now: Deribit against Bybit−0.725%45s7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Both sides work against this trade now: funding costs −$70 a day on $10k at the current rate, and Deribit is 0.725% cheaper against Bybit than usual: you would sell low and buy high (−$72 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000000MOGUSDT	0.0000001214	0.0100	pay 0.0050% / 4h	48m 29s	$1.7M	$2.3M	50x
Short	Deribit 1000MOG_USDC-PERPETUAL	0.0000001205	−0.2233	pay 0.0279% / 1h	48m 29s	$32K	$30K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.725%Rate

Funding earned: −$490.02
Price spread: −0.725% → 0.000%: −$72.5
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$580.52
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	8.22 bp	47.5 bp −$48	210.1 bp −$2,101	doesn't fit	doesn't fit
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	−0.2233%	1h	0.0000001205	−0.725%	$32K	$30K	10x
Bybit 1000000MOGUSDTlong	+0.0100%	4h	0.0000001214	long leg	$1.7M	$2.3M	50x
Gate MOG_USDT	+0.0100%	4h	0.0000001213	−0.066%	$447K	$347K	25x	as long as short
Bitget 1000000MOGUSDT	+0.0100%	4h	0.0000001213	−0.066%	$345K	$168K	50x	as long as short
Binance 1000000MOGUSDT	+0.0151%	4h	0.0000001212	−0.110%	$1.2M	$4.0M	50x	as long as short
MEXC 1000000MOG_USDT	+0.0156%	4h	0.0000001212	−0.148%	$716K	$218K	100x	as long as short
BloFin 1000000MOG-USDT	+0.0182%	4h	0.0000001216	+0.181%	$79K	$21K	50x	as long as short
BingX 1000000MOG-USDT	+0.0298%	4h	0.0000001213	−0.066%	—	$1.4M	—	as long as short
Kraken Futures PF_MOGUSD	+0.0806%	1h	0.0000001212	−0.173%	$49K	$41K	10x	as long as short
Coinbase International 1000MOG-PERP-INTX	+0.0880%	1h	0.0000001221	+0.593%	$67K	$10K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni 1000000MOG	+0.1217%	4h	0.0000001216	+0.205%	$5K	$12K	—	as long as short
KuCoin 1000000MOGUSDTM	+0.1578%	4h	0.0000001213	−0.066%	$666K	$151K	30x	as long as short