Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+1.1324%/8h= +1240.0% APRpaid last 24h +3.129%

Price spread now: GRVT against GMX+0.407%7-day average — · you sell dearer than you buy

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

Long on GMX Short on GRVT

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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$340 a day on $10k at the current rate, and GRVT is 0.407% dearer against GMX than usual: you sell high and buy low: +$41 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MOODENG/USD [WBTC.b-USDC]	0.04791	L −1.1224% / S +0.0193%	get 0.1403% / 1h	14m 46s	$19	—	100x
Short	GRVT MOODENG_USDT_Perp	0.04811	0.0100	get 0.0050% / 4h	1h 14m	$423K	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against GMX. 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 GMXbpFee GRVTbpOrdersPrice spread, now +0.407%Rate

Funding earned: $2,378.12
Price spread: +0.407% → 0.000%: $40.69
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $2,397.81
Costs to cover: 0.210%
Break-even: from the start

Slippage unknown: GMX: no order-book sample; GRVT: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	4.17 bp	26.5 bp −$26	140.0 bp −$1,400	doesn't fit	doesn't fit

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]long	L −1.1224% / S +0.0193%	1h	0.04791	long leg	$19	—	100x
Aster MOODENGUSDT	+0.0100%	4h	0.04806	+0.305%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04798	+0.136%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04794	+0.052%	$2.1M	$4.8M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04800	+0.177%	$580K	$841K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04795	+0.073%	$1.8M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04815	+0.492%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perpshort	+0.0100%	4h	0.04811	+0.407%	$423K	$2.4M	10x
SunX MOODENG-USDT	+0.0100%	4h	0.04905	+2.369%	$1K	$1.9M	20x	as long as short
Binance MOODENGUSDT	+0.0194%	4h	0.04800	+0.177%	$2.6M	$11.7M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOODENG_USDT	+0.0200%	4h	0.04798	+0.136%	$924K	$329K	50x	as long as short
BloFin MOODENG-USDT	+0.0250%	4h	0.04796	+0.094%	$148K	$121K	50x	as long as short
BingX MOODENG-USDT	+0.0768%	4h	0.04807	+0.323%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0790%	4h	0.04805	+0.282%	$1.3M	$1.2M	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0807%	1h	0.04803	+0.240%	$22K	$664K	25x	as long as short
Hyperliquid MOODENG	+0.1000%	1h	0.04802	+0.211%	$475K	$415K	3x	as long as short
Kraken Futures PF_MOODENGUSD	+0.2816%	1h	0.04804	+0.268%	$63K	$121K	20x	as long as short