Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0110%/8h= −12.0% APRpaid last 24h −0.041%

Price spread now: Bybit against Hyperliquid−0.190%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$770.768% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.190%, 7d avg +0.024%

Together, before fees+0.278%+ Points / potential airdropHyperliquid: Season 2 · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.214% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04838	0.0210	pay 0.0026% / 1h	0m 44s	$469K	$412K	3x
Short	Bybit MOODENGUSDT	0.04829	0.0100	get 0.0050% / 4h	1h 00m	$1.7M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.190%Rate

Funding earned: −$23.08
Price spread: −0.190% → +0.024%: −$21.43
Slippage, 4 orders: −$56.76
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$121.27
Costs to cover: 0.768%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 69 min ago; Bybit: live order book, 2 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, 69 min ago	4.82 bp	17.5 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.07 bp	18.0 bp −$18	46.0 bp −$460	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	0.04822	−0.337%	$19	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04830	−0.179%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04832	−0.128%	$2.6M	$11.1M	50x	as long as short
Bybit MOODENGUSDTshort	+0.0100%	4h	0.04829	−0.190%	$1.7M	$4.2M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04834	−0.087%	$2.1M	$4.6M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04823	−0.314%	$572K	$780K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04832	−0.128%	$963K	$316K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04824	−0.293%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04811	−0.555%	$8K	$30K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04817	−0.437%	$423K	$2.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDT	+0.0100%	4h	0.04935	+2.001%	$1K	$1.9M	20x	as long as short
BloFin MOODENG-USDT	+0.0108%	4h	0.04822	−0.335%	$180K	$139K	50x	as long as short
Hyperliquid MOODENGlong	+0.0210%	1h	0.04838	long leg	$469K	$412K	3x
BingX MOODENG-USDT	+0.0224%	4h	0.04827	−0.231%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0254%	4h	0.04839	+0.017%	$1.3M	$1.2M	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0971%	1h	0.04823	−0.314%	$22K	$648K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.8977%	1h	0.04853	+0.306%	$70K	$102K	20x	as long as short