Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.037%

Price spread now: KuCoin against Hyperliquid−0.257%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$164as in the Price arb table

costs, in and out, $10k−$1451.454% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.257%, 7d avg −0.073%

Together, before fees+0.094%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.184% cheaper against Hyperliquid than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04823	0.0174	pay 0.0022% / 1h	5m 55s	$468K	$411K	3x
Short	KuCoin MOODENGUSDTM	0.04811	0.0100	get 0.0050% / 4h	5m 55s	$1.8M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.257%Rate

Funding earned: −$15.63
Price spread: −0.257% → −0.073%: −$18.41
Slippage, 4 orders: −$124.38
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$179.41
Costs to cover: 1.454%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 54 min ago; KuCoin: live order book, 6 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, 54 min ago	2.37 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.08 bp	55.9 bp −$56	554.8 bp −$5,548	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	0.04807	−0.336%	$19	—	100x	as long as short
BloFin MOODENG-USDT	+0.0095%	4h	0.04818	−0.112%	$180K	$139K	50x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04813	−0.217%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04819	−0.098%	$2.6M	$11.2M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04810	−0.278%	$1.6M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04814	−0.195%	$2.1M	$4.6M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04809	−0.299%	$572K	$798K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04816	−0.153%	$968K	$320K	50x	as long as short
KuCoin MOODENGUSDTMshort	+0.0100%	4h	0.04811	−0.257%	$1.8M	$2.9M	50x
Variational Omni MOODENG	+0.0100%	4h	0.04810	−0.281%	$8K	$30K	—	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	0.04816	−0.153%	$422K	$2.2M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04918	+1.961%	$2K	$1.9M	20x	as long as short
Hyperliquid MOODENGlong	+0.0174%	1h	0.04823	long leg	$468K	$411K	3x
BingX MOODENG-USDT	+0.0210%	4h	0.04813	−0.216%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0226%	4h	0.04823	−0.008%	$1.3M	$1.2M	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0401%	1h	0.04816	−0.153%	$23K	$657K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.6732%	1h	0.04844	+0.423%	$66K	$113K	20x	as long as short