Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0593%/8h= +64.9% APRpaid last 24h +0.054%

Price spread now: Hyperliquid against Gate+0.349%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1471.471% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.349%, 7d avg +0.081%

Together, before fees−0.204%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Hyperliquid is 0.268% dearer against Gate than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.081%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% 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	Gate MOODENG_USDT	0.04759	0.0100	pay 0.0050% / 4h	2h 11m	$564K	$831K	50x
Short	Hyperliquid MOODENG	0.04776	0.0693	get 0.0087% / 1h	11m 38s	$473K	$420K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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 GatebpFee HyperliquidbpOrdersPrice spread, now +0.349%Rate

Funding earned: $124.44
Price spread: +0.349% → +0.081%: $26.76
Slippage, 4 orders: −$123.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $4.08
Costs to cover: 1.471%
Break-even: 6.8 days

Slippage from Gate: live order book, 55 min ago; Hyperliquid: live order book, 29 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 Gate live order book, 55 min ago	6.19 bp	43.0 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 29 min ago	1.48 bp	21.5 bp −$22	doesn't fit	doesn't fit	doesn't fit

MOODENG on 16 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	0.04766	+0.158%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04762	+0.057%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04771	+0.252%	$2.6M	$11.8M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04766	+0.147%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04767	+0.168%	$2.1M	$4.9M	20x	as long as short
Gate MOODENG_USDTlong	+0.0100%	4h	0.04759	long leg	$564K	$831K	50x
MEXC MOODENG_USDT	+0.0100%	4h	0.04773	+0.294%	$919K	$334K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04763	+0.084%	$1.7M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04759	+0.003%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04763	+0.094%	$422K	$2.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDT	+0.0100%	4h	0.04882	+2.585%	$1K	$1.9M	20x	as long as short
BingX MOODENG-USDT	+0.0624%	4h	0.04766	+0.147%	—	$6.7M	—	as long as short
ApeX Omni MOODENGUSDT	+0.0641%	1h	0.04757	−0.042%	$22K	$661K	25x	as long as short
Bitget MOODENGUSDT	+0.0652%	4h	0.04768	+0.189%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENGshort	+0.0693%	1h	0.04776	+0.349%	$473K	$420K	3x
Kraken Futures PF_MOODENGUSD	+0.6583%	1h	0.04784	+0.533%	$64K	$116K	20x	as long as short