Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.5841%/8h= +639.6% APRpaid last 24h +1.036%

Price spread now: Kraken Futures against Bybit+0.631%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$296as in the Funding arb table

Net, price: spread back to 7d avg − costs−$398as in the Price arb table

costs, in and out, $10k−$4594.588% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.626%+$163 on $10k

Price spread, last 3 days (all we have)−0.871%−$87 · spread now +0.631%, 7d avg +0.019%

Together, before fees+0.756%+$76 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$175 a day on $10k at the current rate, and Kraken Futures is 0.612% dearer against Bybit than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.626% in total (about 84.8% 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	Bybit MOODENGUSDT	0.04813	0.0100	pay 0.0050% / 4h	3h 56m	$1.6M	$4.3M	50x
Short	Kraken Futures PF_MOODENGUSD	0.04843	0.5941	get 0.0743% / 1h	56m 29s	$66K	$113K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.631%Rate

Funding earned: $1,226.58
Price spread: +0.631% → +0.019%: $61.25
Slippage, 4 orders: −$437.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $829.02
Costs to cover: 4.588%
Break-even: 2.3 days

Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 16 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 Bybit live order book, 1 min ago	3.12 bp	19.5 bp −$19	116.7 bp −$1,167	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 16 min ago	13.52 bp	29.0 bp −$29	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	0.04809	−0.083%	$19	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04811	−0.042%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04809	−0.083%	$2.6M	$11.3M	50x	as long as short
Bybit MOODENGUSDTlong	+0.0100%	4h	0.04813	long leg	$1.6M	$4.3M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04802	−0.229%	$2.1M	$4.6M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04810	−0.062%	$571K	$787K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04812	−0.021%	$973K	$318K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04807	−0.125%	$1.8M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04824	+0.225%	$8K	$30K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04831	+0.374%	$425K	$2.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDT	+0.0100%	4h	0.04921	+2.244%	$2K	$1.9M	20x	as long as short
BloFin MOODENG-USDT	+0.0136%	4h	0.04823	+0.208%	$180K	$139K	50x	as long as short
BingX MOODENG-USDT	+0.0276%	4h	0.04809	−0.083%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0280%	4h	0.04819	+0.125%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.0464%	1h	0.04811	−0.033%	$467K	$412K	3x	as long as short
ApeX Omni MOODENGUSDT	+0.0508%	1h	0.04827	+0.291%	$23K	$660K	25x	as long as short
Kraken Futures PF_MOODENGUSDshort	+0.5941%	1h	0.04843	+0.631%	$66K	$113K	20x