Funding arb · Price arb /

MOODENG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0587%/8h= −64.3% APRpaid last 24h −0.054%

Price spread now: SunX against Hyperliquid+2.080%7-day average +2.144% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now +2.080%, 7d avg +2.144%

Together, before fees+0.045%+ Points / potential airdropHyperliquid: Season 2 · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and SunX is 0.064% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +2.144%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04784	0.0687	pay 0.0086% / 1h	7m 42s	$474K	$417K	3x
Short	SunX MOODENG-USDT	0.04883	0.0100	get 0.0050% / 4h	2h 07m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +2.080%Rate

Funding earned: −$123.32
Price spread: +2.080% → +2.144%: −$6.43
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$146.75
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 32 min ago; SunX: live order book, 8 min ago. Net counts fees only.

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, 32 min ago	1.48 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	319.25 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

MOODENG on 16 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	0.04768	−0.318%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04766	−0.368%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04772	−0.240%	$2.6M	$11.7M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04773	−0.220%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04767	−0.345%	$2.1M	$4.9M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04763	−0.429%	$565K	$832K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04773	−0.220%	$919K	$335K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04766	−0.366%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04772	−0.237%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04779	−0.094%	$424K	$2.4M	10x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDTshort	+0.0100%	4h	0.04883	+2.080%	$2K	$1.9M	20x
BingX MOODENG-USDT	+0.0624%	4h	0.04772	−0.240%	—	$6.7M	—	as long as short
ApeX Omni MOODENGUSDT	+0.0648%	1h	0.04774	−0.199%	$22K	$662K	25x	as long as short
Bitget MOODENGUSDT	+0.0662%	4h	0.04782	−0.031%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENGlong	+0.0687%	1h	0.04784	long leg	$474K	$417K	3x
Kraken Futures PF_MOODENGUSD	+0.6579%	1h	0.04787	+0.074%	$64K	$116K	20x	as long as short