Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2737%/8h= +299.7% APRpaid last 24h +1.230%

Price spread now: Kraken Futures against Binance+0.086%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$1721.719% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.766%+$177 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.086%, 7d avg +0.066%

Together, before fees+1.723%+$172 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$82 a day on $10k at the current rate, and Kraken Futures is 0.020% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.066%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.766% in total (about 92.1% a year). A funding rate is set anew for every payment. 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	Binance MOODENGUSDT	0.04738	0.0116	pay 0.0058% / 4h	1h 36m	$2.6M	$11.7M	50x
Short	Kraken Futures PF_MOODENGUSD	0.04742	0.2853	get 0.0357% / 1h	36m 58s	$63K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.086%Rate

Funding earned: $574.74
Price spread: +0.086% → +0.066%: $2
Slippage, 4 orders: −$151.93
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $404.81
Costs to cover: 1.719%
Break-even: 2.1 days

Slippage from Binance: live order book, 3 min ago; Kraken Futures: live order book, 25 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 Binance live order book, 3 min ago	1.05 bp	18.8 bp −$19	59.5 bp −$595	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 25 min ago	15.70 bp	49.9 bp −$50	doesn't fit	doesn't fit	doesn't fit

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]	L −1.1224% / S +0.0193%	1h	0.04733	−0.108%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04730	−0.179%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04740	+0.042%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04736	−0.042%	$2.1M	$4.8M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04728	−0.211%	$564K	$830K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04732	−0.127%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04748	+0.213%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04733	−0.101%	$413K	$2.4M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04831	+1.963%	$2K	$1.9M	20x	as long as short
MEXC MOODENG_USDT	+0.0114%	4h	0.04737	−0.021%	$913K	$328K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOODENGUSDTlong	+0.0116%	4h	0.04738	long leg	$2.6M	$11.7M	50x
BloFin MOODENG-USDT	+0.0134%	4h	0.04738	0.000%	$180K	$119K	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0601%	1h	0.04733	−0.106%	$22K	$662K	25x	as long as short
BingX MOODENG-USDT	+0.0742%	4h	0.04731	−0.148%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0776%	4h	0.04749	+0.232%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.0999%	1h	0.04746	+0.163%	$471K	$416K	3x	as long as short
Kraken Futures PF_MOODENGUSDshort	+0.2853%	1h	0.04742	+0.086%	$63K	$117K	20x