Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0303%/8h= −33.1% APRpaid last 24h −0.111%

Price spread now: GMX against BloFin−0.395%51s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 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 −$9 a day on $10k at the current rate, and GMX is 0.395% cheaper against BloFin than usual: you would sell low and buy high (−$39 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 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	BloFin MOODENG-USDT	0.04684	0.0110	pay 0.0055% / 4h	51m 40s	$178K	$121K	50x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04666	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	51m 40s	$18	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.395%Rate

Funding earned: −$63.57
Price spread: −0.395% → 0.000%: −$39.5
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$127.06
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 46 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 BloFin live order book, 46 min ago	6.36 bp	15.6 bp −$16	42.5 bp −$425	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 exchanges

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	0.04666	−0.395%	$18	—	100x
Kraken Futures PF_MOODENGUSD	−0.0264%	1h	0.04668	−0.337%	$64K	$149K	20x	as long as short
ApeX Omni MOODENGUSDT	−0.0073%	1h	0.04691	+0.149%	$30K	$676K	25x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04665	−0.402%	$9K	$38K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04668	−0.342%	$2.6M	$13.2M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04665	−0.406%	$1.5M	$4.8M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04665	−0.406%	$2.0M	$5.3M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04667	−0.363%	$569K	$814K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04672	−0.256%	$927K	$342K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04667	−0.363%	$1.7M	$2.9M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOODENGUSDT	+0.0100%	4h	0.04672	−0.256%	$1.2M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0100%	4h	0.04667	−0.363%	—	$6.8M	—	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04686	+0.048%	$9K	$31K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04689	+0.099%	$414K	$4.0M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04780	+2.050%	$1K	$1.9M	20x	as long as short
BloFin MOODENG-USDTlong	+0.0110%	4h	0.04684	long leg	$178K	$121K	50x
Hyperliquid MOODENG	+0.0176%	1h	0.04673	−0.241%	$442K	$440K	3x	as long as short