Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.088%

Price spread now: GMX against Bybit−0.094%51s7-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 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 −$9 a day on $10k at the current rate, and GMX is 0.094% cheaper against Bybit than usual: you would sell low and buy high (−$9 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	Bybit MOODENGUSDT	0.04798	0.0100	pay 0.0050% / 4h	1h 09m	$1.7M	$4.2M	50x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04793	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	9m 30s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$61.57
Price spread: −0.094% → 0.000%: −$9.38
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$93.95
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	4.16 bp	17.0 bp −$17	97.7 bp −$977	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	0.04793	−0.094%	$19	—	100x
BloFin MOODENG-USDT	+0.0082%	4h	0.04797	−0.021%	$179K	$138K	50x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04800	+0.043%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04805	+0.140%	$2.6M	$11.1M	50x	as long as short
Bybit MOODENGUSDTlong	+0.0100%	4h	0.04798	long leg	$1.7M	$4.2M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04802	+0.083%	$2.1M	$4.5M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04796	−0.042%	$575K	$776K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04804	+0.125%	$953K	$314K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04798	0.000%	$1.7M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04798	+0.007%	$8K	$30K	—	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	0.04804	+0.125%	$422K	$2.2M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04905	+2.230%	$2K	$1.9M	20x	as long as short
Bitget MOODENGUSDT	+0.0180%	4h	0.04803	+0.104%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0192%	4h	0.04798	0.000%	—	$6.7M	—	as long as short
Hyperliquid MOODENG	+0.0219%	1h	0.04807	+0.194%	$466K	$412K	3x	as long as short
ApeX Omni MOODENGUSDT	+0.1022%	1h	0.04806	+0.167%	$22K	$649K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.9017%	1h	0.04831	+0.697%	$69K	$102K	20x	as long as short