Funding arb · Price arb /

MOODENG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.044%

Price spread now: ApeX Omni against Hyperliquid+0.071%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.160%+$16 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.071%, 7d avg −0.024%

Together, before fees+0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 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: ApeX Omni is 0.095% dearer against Hyperliquid than usual: you sell high and buy low, +$9 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	Hyperliquid MOODENG	0.04795	0.0100	pay 0.0013% / 1h	52m 47s	$453K	$477K	3x
Short	ApeX Omni MOODENGUSDT	0.04798	0.0100	get 0.0013% / 1h	52m 47s	$31K	$684K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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 HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → −0.024%: $9.49
Slippage, 4 orders: −$53.2
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.7
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 67 min ago; ApeX Omni: live order book, 51 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 Hyperliquid live order book, 67 min ago	0.52 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 51 min ago	9.40 bp	17.7 bp −$18	166.7 bp −$1,667	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	0.04784	−0.217%	$19	—	100x	as long as short
Kraken Futures PF_MOODENGUSD	−0.1186%	1h	0.04787	−0.155%	$66K	$149K	20x	as long as short
BloFin MOODENG-USDT	+0.0076%	4h	0.04782	−0.263%	$183K	$112K	50x	as long as short
Hyperliquid MOODENGlong	+0.0100%	1h	0.04795	long leg	$453K	$477K	3x
Aster MOODENGUSDT	+0.0100%	4h	0.04792	−0.062%	$9K	$36K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04786	−0.179%	$1.5M	$4.9M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04787	−0.159%	$2.1M	$5.5M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04791	−0.075%	$577K	$894K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04791	−0.075%	$937K	$342K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04789	−0.117%	$1.8M	$3.0M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOODENGUSDT	+0.0100%	4h	0.04795	+0.008%	$1.3M	$1.3M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04776	−0.386%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04803	+0.175%	$420K	$3.3M	10x	as long as short
ApeX Omni MOODENGUSDTshort	+0.0100%	1h	0.04798	+0.071%	$31K	$684K	25x
SunX MOODENG-USDT	+0.0100%	4h	0.04870	+1.573%	$1K	$2.0M	20x	as long as short
Binance MOODENGUSDT	+0.0114%	4h	0.04793	−0.034%	$2.7M	$13.6M	50x	as long as short
BingX MOODENG-USDT	+0.0118%	4h	0.04791	−0.075%	—	$6.8M	—	as long as short