Funding arb · Price arb /

MOODENG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.025%

Price spread now: Bybit against GRVT+0.207%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1081.076% of the position

Long on GRVT Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 3 days (all we have)−0.330%−$33 · spread now +0.207%, 7d avg +0.024%

Together, before fees−0.285%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.183% dearer against GRVT than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MOODENG_USDT_Perp	0.04746	0.0100	pay 0.0050% / 4h	2h 48m	$419K	$2.1M	10x
Short	Bybit MOODENGUSDT	0.04756	0.0100	get 0.0050% / 4h	2h 48m	$1.7M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GRVT. 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 GRVTbpFee BybitbpOrdersPrice spread, now +0.207%Rate

Funding earned: $0
Price spread: +0.207% → +0.024%: $18.28
Slippage, 4 orders: −$87.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89.29
Costs to cover: 1.076%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Bybit: live order book, 4 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 GRVT live order book, 5 min ago	3.16 bp	32.0 bp −$32	11699.5 bp −$117.0K	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.16 bp	19.0 bp −$19	45.1 bp −$451	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	0.04747	+0.013%	$18	—	100x	as long as short
Hyperliquid MOODENG	+0.0100%	1h	0.04755	+0.177%	$462K	$414K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04744	−0.046%	$10K	$31K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04755	+0.176%	$2.6M	$11.0M	50x	as long as short
Bybit MOODENGUSDTshort	+0.0100%	4h	0.04756	+0.207%	$1.7M	$4.2M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04750	+0.080%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04742	−0.088%	$563K	$757K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04754	+0.165%	$895K	$297K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04749	+0.059%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04745	−0.035%	$7K	$29K	—	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_Perplong	+0.0100%	4h	0.04746	long leg	$419K	$2.1M	10x
SunX MOODENG-USDT	+0.0100%	4h	0.04859	+2.377%	$2K	$1.8M	20x	as long as short
BloFin MOODENG-USDT	+0.0131%	4h	0.04757	+0.228%	$182K	$137K	50x	as long as short
BingX MOODENG-USDT	+0.0136%	4h	0.04754	+0.165%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0162%	4h	0.04755	+0.186%	$1.2M	$1.2M	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0292%	1h	0.04748	+0.038%	$22K	$640K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.9965%	1h	0.04782	+0.745%	$67K	$103K	20x	as long as short