Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +1.200%

Price spread now: Kraken Futures against Gate−0.178%7-day average +0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$228as in the Price arb table

costs, in and out, $10k−$1981.981% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.862%+$186 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.178%, 7d avg +0.120%

Together, before fees+1.940%+$194 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.298% cheaper against Gate than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of +0.120%). If the spread goes back, that is −$30 on $10k: about 13 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+1.862% in total) that is about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MOODENG_USDT	0.04778	0.0100	pay 0.0050% / 4h	1h 35m	$580K	$893K	50x
Short	Kraken Futures PF_MOODENGUSD	0.04770	0.0176	get 0.0022% / 1h	35m 55s	$66K	$149K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.178%Rate

Funding earned: $15.99
Price spread: −0.178% → +0.120%: −$29.79
Slippage, 4 orders: −$173.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$211.94
Costs to cover: 1.981%
Break-even: 99.8 days

Slippage from Gate: live order book, 6 min ago; Kraken Futures: live order book, 6 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, 6 min ago	7.29 bp	47.0 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	19.91 bp	63.4 bp −$63	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	0.04770	−0.157%	$18	—	100x	as long as short
Hyperliquid MOODENG	+0.0100%	1h	0.04781	+0.071%	$452K	$477K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04782	+0.089%	$10K	$35K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04776	−0.042%	$1.5M	$4.8M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04778	0.000%	$2.1M	$5.4M	20x	as long as short
Gate MOODENG_USDTlong	+0.0100%	4h	0.04778	long leg	$580K	$893K	50x
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04778	0.000%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04774	−0.080%	$9K	$32K	—	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04785	+0.147%	$31K	$682K	25x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04886	+2.260%	$2K	$2.0M	20x	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	+0.0126%	4h	0.04801	+0.481%	$423K	$3.1M	10x	as long as short
MEXC MOODENG_USDT	+0.0158%	4h	0.04778	0.000%	$930K	$341K	50x	as long as short
Binance MOODENGUSDT	+0.0159%	4h	0.04781	+0.073%	$2.7M	$13.4M	50x	as long as short
Kraken Futures PF_MOODENGUSDshort	+0.0176%	1h	0.04770	−0.178%	$66K	$149K	20x
Bitget MOODENGUSDT	+0.0182%	4h	0.04782	+0.084%	$1.3M	$1.3M	50x	as long as short
BingX MOODENG-USDT	+0.0200%	4h	0.04783	+0.105%	—	$6.8M	—	as long as short
BloFin MOODENG-USDT	+0.0216%	4h	0.04795	+0.356%	$180K	$112K	50x	as long as short