Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0353%/8h= −38.7% APRpaid last 24h −0.108%

Price spread now: GMX against Bitget−0.214%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 −$11 a day on $10k at the current rate, and GMX is 0.214% cheaper against Bitget than usual: you would sell low and buy high (−$21 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	Bitget MOODENGUSDT	0.04760	0.0160	pay 0.0080% / 4h	2h 45m	$1.2M	$1.2M	50x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04750	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	45m 52s	$18	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.214%Rate

Funding earned: −$74.17
Price spread: −0.214% → 0.000%: −$21.43
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$119.6
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	5.26 bp	24.3 bp −$24	215.4 bp −$2,154	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	0.04750	−0.214%	$18	—	100x
Hyperliquid MOODENG	+0.0100%	1h	0.04758	−0.044%	$462K	$414K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04744	−0.329%	$10K	$31K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04757	−0.056%	$2.6M	$11.0M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04755	−0.105%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04755	−0.105%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04744	−0.336%	$564K	$757K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04756	−0.084%	$903K	$298K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04751	−0.189%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04745	−0.325%	$7K	$29K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04754	−0.134%	$420K	$2.1M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04861	+2.122%	$1K	$1.8M	20x	as long as short
BloFin MOODENG-USDT	+0.0119%	4h	0.04755	−0.105%	$182K	$137K	50x	as long as short
Bitget MOODENGUSDTlong	+0.0160%	4h	0.04760	long leg	$1.2M	$1.2M	50x
BingX MOODENG-USDT	+0.0162%	4h	0.04755	−0.105%	—	$6.7M	—	as long as short
ApeX Omni MOODENGUSDT	+0.0292%	1h	0.04748	−0.252%	$22K	$640K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.9939%	1h	0.04795	+0.725%	$67K	$101K	20x	as long as short