Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0329%/8h= −36.0% APRpaid last 24h −0.100%

Price spread now: GMX against Binance−0.205%7-day average — · you buy dearer than you sell

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 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 −$10 a day on $10k at the current rate, and GMX is 0.205% cheaper against Binance than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MOODENGUSDT	0.04718	0.0136	pay 0.0068% / 4h	49m 03s	$2.6M	$11.8M	50x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04708	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	49m 03s	$18	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$69.08
Price spread: −0.205% → 0.000%: −$20.5
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$111.58
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 min ago; GMX: 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 Binance live order book, 6 min ago	3.15 bp	18.1 bp −$18	60.2 bp −$602	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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.

MOODENG on 17 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
GMX MOODENG/USD [WBTC.b-USDC]short	L −1.1224% / S +0.0193%	1h	0.04708	−0.205%	$18	—	100x
Aster MOODENGUSDT	+0.0100%	4h	0.04715	−0.065%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04718	+0.003%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04717	−0.018%	$2.1M	$4.7M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04710	−0.167%	$564K	$831K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04711	−0.146%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04734	+0.346%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04756	+0.817%	$418K	$2.5M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04825	+2.271%	$1K	$1.9M	20x	as long as short
Binance MOODENGUSDTlong	+0.0136%	4h	0.04718	long leg	$2.6M	$11.8M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOODENG_USDT	+0.0144%	4h	0.04714	−0.082%	$906K	$321K	50x	as long as short
BloFin MOODENG-USDT	+0.0191%	4h	0.04719	+0.024%	$180K	$119K	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0298%	1h	0.04733	+0.321%	$22K	$662K	25x	as long as short
Bitget MOODENGUSDT	+0.0776%	4h	0.04721	+0.066%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0778%	4h	0.04708	−0.209%	—	$6.7M	—	as long as short
Kraken Futures PF_MOODENGUSD	+0.1252%	1h	0.04714	−0.084%	$62K	$128K	20x	as long as short
Hyperliquid MOODENG	+0.1377%	1h	0.04720	+0.049%	$469K	$419K	3x	as long as short