Funding you earn now, next payment 02:00 UTC−0.6477%/8h= −709.3% APRpaid last 24h −1.157%
Price spread now: Binance against Kraken Futures−0.108%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,494as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,328as in the Price arb table
costs, in and out, $10k−$1,32313.233% of the position
Funding, last 7 days−1.709%−$171 on $10k
+Price spread, last 3 days (all we have)+0.314%+$31 · spread now −0.108%, 7d avg −0.058%
=Both sides work against this trade now: funding costs −$194 a day on $10k at the current rate, and Binance is 0.050% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.058%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.709% in total (about -89.1% 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 | Kraken Futures PF_MOODENGUSD | 0.04787 | 0.6579 | pay 0.0822% / 1h | 23m 48s | $64K | $116K | 20x |
| Short | Binance MOODENGUSDT | 0.04782 | 0.0102 | get 0.0051% / 4h | 2h 23m | $2.6M | $11.7M | 50x |
Kraken Futures PF_MOODENGUSD
Binance MOODENGUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1,360.26
- Price spread: −0.108% → −0.058%
- −$4.98
- Slippage, 4 orders
- −$1,303.26
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$2,688.5
- Costs to cover
- 13.233%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 43 min ago; Binance: live order book, 1 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 Kraken Futures live order book, 43 min ago | 33.81 bp | 1239.0 bp −$1,239 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 1 min ago | 2.09 bp | 18.4 bp −$18 | 62.6 bp −$626 | 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 | 0.04767 | −0.418% | $18 | — | 100x | as long as short |
| Aster MOODENGUSDT | +0.0100% | 4h | 0.04769 | −0.380% | $10K | $32K | 5x | as long as short |
| Bybit MOODENGUSDT | +0.0100% | 4h | 0.04777 | −0.204% | $1.6M | $4.4M | 50x | as long as short |
| OKX MOODENG-USDT-SWAP | +0.0100% | 4h | 0.04780 | −0.142% | $2.1M | $4.9M | 20x | as long as short |
| Gate MOODENG_USDT | +0.0100% | 4h | 0.04768 | −0.392% | $564K | $830K | 50x | as long as short |
| KuCoin MOODENGUSDTM | +0.0100% | 4h | 0.04772 | −0.309% | $1.8M | $3.0M | 50x | as long as short |
| Variational Omni MOODENG | +0.0100% | 4h | 0.04778 | −0.190% | $9K | $32K | — | as long as short |
| GRVT MOODENG_USDT_Perp | +0.0100% | 4h | 0.04768 | −0.402% | $420K | $2.3M | 10x | as long as short |
| SunX MOODENG-USDT | +0.0100% | 4h | 0.04882 | +1.989% | $1K | $1.9M | 20x | as long as short |
| Binance MOODENGUSDTshort | +0.0102% | 4h | 0.04782 | −0.108% | $2.6M | $11.7M | 50x |
GMX MOODENG/USD [WBTC.b-USDC]
Aster MOODENGUSDT
Bybit MOODENGUSDT
OKX MOODENG-USDT-SWAP
Gate MOODENG_USDT
KuCoin MOODENGUSDTM
Variational Omni MOODENG
GRVT MOODENG_USDT_Perp
SunX MOODENG-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MOODENG_USDT | +0.0104% | 4h | 0.04780 | −0.142% | $919K | $332K | 50x | as long as short |
| BingX MOODENG-USDT | +0.0640% | 4h | 0.04778 | −0.184% | — | $6.7M | — | as long as short |
| Bitget MOODENGUSDT | +0.0676% | 4h | 0.04782 | −0.100% | $1.3M | $1.2M | 50x | as long as short |
| Hyperliquid MOODENG | +0.0694% | 1h | 0.04785 | −0.033% | $474K | $419K | 3x | as long as short |
| ApeX Omni MOODENGUSDT | +0.0803% | 1h | 0.04772 | −0.309% | $22K | $667K | 25x | as long as short |
| Kraken Futures PF_MOODENGUSDlong | +0.6579% | 1h | 0.04787 | long leg | $64K | $116K | 20x |
MEXC MOODENG_USDT
BingX MOODENG-USDT
Bitget MOODENGUSDT
Hyperliquid MOODENG
ApeX Omni MOODENGUSDT