Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.024%

Price spread now: Bitget against Hyperliquid+0.145%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$790.794% of the position

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.145%, 7d avg +0.027%

Together, before fees−0.167%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.119% dearer against Hyperliquid than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04817	0.0100	pay 0.0013% / 1h	43m 33s	$455K	$477K	3x
Short	Bitget MOODENGUSDT	0.04824	0.0128	get 0.0064% / 4h	43m 33s	$1.3M	$1.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.145%Rate

Funding earned: $5.88
Price spread: +0.145% → +0.027%: $11.88
Slippage, 4 orders: −$58.35
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.59
Costs to cover: 0.794%
Break-even: 80.3 days

Slippage from Hyperliquid: live order book, 6 min ago; Bitget: live order book, 3 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, 6 min ago	4.27 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.11 bp	23.5 bp −$24	182.5 bp −$1,825	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	0.04817	+0.002%	$19	—	100x	as long as short
Kraken Futures PF_MOODENGUSD	−0.1180%	1h	0.04809	−0.162%	$67K	$150K	20x	as long as short
Hyperliquid MOODENGlong	+0.0100%	1h	0.04817	long leg	$455K	$477K	3x
Aster MOODENGUSDT	+0.0100%	4h	0.04825	+0.167%	$9K	$36K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04818	+0.021%	$1.6M	$4.9M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04814	−0.062%	$2.1M	$5.5M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04818	+0.021%	$579K	$896K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04814	−0.062%	$1.8M	$3.0M	50x	as long as short
BingX MOODENG-USDT	+0.0100%	4h	0.04822	+0.104%	—	$6.8M	—	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04814	−0.071%	$9K	$32K	—	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	+0.0100%	4h	0.04826	+0.187%	$428K	$3.3M	10x	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04821	+0.083%	$31K	$686K	25x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04905	+1.827%	$1K	$2.0M	20x	as long as short
BloFin MOODENG-USDT	+0.0108%	4h	0.04822	+0.104%	$182K	$113K	50x	as long as short
Bitget MOODENGUSDTshort	+0.0128%	4h	0.04824	+0.145%	$1.3M	$1.3M	50x
MEXC MOODENG_USDT	+0.0134%	4h	0.04819	+0.042%	$943K	$343K	50x	as long as short
Binance MOODENGUSDT	+0.0143%	4h	0.04821	+0.077%	$2.7M	$13.6M	50x	as long as short