Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+1.1324%/8h= +1240.0% APRpaid last 24h +3.117%

Price spread now: OKX against GMX+0.028%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 OKX

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 for this trade now. Funding pays +$340 a day on $10k at the current rate, and OKX is 0.028% dearer against GMX than usual: you sell high and buy low: +$3 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]	0.04717	L −1.1224% / S +0.0193%	get 0.1403% / 1h	43m 50s	$18	—	100x
Short	OKX MOODENG-USDT-SWAP	0.04718	0.0100	get 0.0050% / 4h	43m 50s	$2.1M	$4.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.028%Rate

Funding earned: $2,378.12
Price spread: +0.028% → 0.000%: $2.76
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: $2,358.88
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: GMX: no order-book sample; OKX: 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 OKX live order book, 4 min ago	3.18 bp	22.8 bp −$23	146.9 bp −$1,469	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	0.04717	long leg	$18	—	100x
Aster MOODENGUSDT	+0.0100%	4h	0.04716	−0.006%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04723	+0.134%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAPshort	+0.0100%	4h	0.04718	+0.028%	$2.1M	$4.8M	20x
Gate MOODENG_USDT	+0.0100%	4h	0.04712	−0.100%	$560K	$838K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04714	−0.057%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04719	+0.051%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04717	−0.001%	$415K	$2.5M	10x	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04714	−0.057%	$22K	$661K	25x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04832	+2.445%	$2K	$1.9M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOODENGUSDT	+0.0111%	4h	0.04724	+0.155%	$2.6M	$11.8M	50x	as long as short
MEXC MOODENG_USDT	+0.0116%	4h	0.04723	+0.134%	$908K	$322K	50x	as long as short
BloFin MOODENG-USDT	+0.0172%	4h	0.04716	−0.015%	$148K	$119K	50x	as long as short
Bitget MOODENGUSDT	+0.0734%	4h	0.04717	+0.006%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0738%	4h	0.04720	+0.070%	—	$6.7M	—	as long as short
Kraken Futures PF_MOODENGUSD	+0.1249%	1h	0.04725	+0.183%	$62K	$128K	20x	as long as short
Hyperliquid MOODENG	+0.1311%	1h	0.04727	+0.214%	$470K	$419K	3x	as long as short