Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.048%

Price spread now: OKX against Hyperliquid−0.163%7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

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

costs, in and out, $10k−$770.769% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.163%, 7d avg −0.047%

Together, before fees+0.128%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 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: OKX is 0.116% cheaper against Hyperliquid than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04833	0.0100	pay 0.0013% / 1h	30m 06s	$469K	$411K	3x
Short	OKX MOODENG-USDT-SWAP	0.04825	0.0100	get 0.0050% / 4h	30m 06s	$2.1M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.163%Rate

Funding earned: $0
Price spread: −0.163% → −0.047%: −$11.62
Slippage, 4 orders: −$57.94
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88.56
Costs to cover: 0.769%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 30 min ago; OKX: 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, 30 min ago	2.37 bp	18.6 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.07 bp	19.3 bp −$19	91.6 bp −$916	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	0.04826	−0.147%	$19	—	100x	as long as short
BloFin MOODENG-USDT	+0.0060%	4h	0.04828	−0.101%	$181K	$139K	50x	as long as short
Hyperliquid MOODENGlong	+0.0100%	1h	0.04833	long leg	$469K	$411K	3x
Aster MOODENGUSDT	+0.0100%	4h	0.04828	−0.101%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04827	−0.122%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAPshort	+0.0100%	4h	0.04825	−0.163%	$2.1M	$4.6M	20x
Gate MOODENG_USDT	+0.0100%	4h	0.04824	−0.184%	$577K	$791K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04822	−0.226%	$1.8M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04824	−0.185%	$8K	$30K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04828	−0.110%	$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	0.04938	+2.175%	$1K	$1.9M	20x	as long as short
MEXC MOODENG_USDT	+0.0104%	4h	0.04830	−0.060%	$977K	$315K	50x	as long as short
Binance MOODENGUSDT	+0.0106%	4h	0.04831	−0.049%	$2.6M	$11.2M	50x	as long as short
Bitget MOODENGUSDT	+0.0262%	4h	0.04834	+0.023%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0276%	4h	0.04827	−0.122%	—	$6.7M	—	as long as short
ApeX Omni MOODENGUSDT	+0.0890%	1h	0.04833	+0.002%	$23K	$650K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.6714%	1h	0.04857	+0.489%	$66K	$113K	20x	as long as short