Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.9824%/8h= −1075.8% APRpaid last 24h −0.823%

Price spread now: Bybit against Kraken Futures−0.610%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,341as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,255as in the Price arb table

costs, in and out, $10k−$2,19421.940% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.467%−$147 on $10k

Price spread, last 3 days (all we have)+0.755%+$76 · spread now −0.610%, 7d avg +0.001%

Together, before fees−0.712%−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$295 a day on $10k at the current rate, and Bybit is 0.611% cheaper against Kraken Futures than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of +0.001%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.467% in total (about -76.5% 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	0.04801	0.9924	pay 0.1241% / 1h	26m 43s	$67K	$101K	20x
Short	Bybit MOODENGUSDT	0.04772	0.0100	get 0.0050% / 4h	2h 26m	$1.7M	$4.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 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 Kraken FuturesbpFee BybitbpOrdersPrice spread, now −0.610%Rate

Funding earned: −$2,063.13
Price spread: −0.610% → +0.001%: −$61.13
Slippage, 4 orders: −$2,172.96
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4,318.23
Costs to cover: 21.940%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 60 min ago; Bybit: 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, 60 min ago	55.40 bp	2074.0 bp −$2,074	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.10 bp	23.0 bp −$23	49.1 bp −$491	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	0.04756	−0.950%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04747	−1.123%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04771	−0.633%	$2.6M	$11.0M	50x	as long as short
Bybit MOODENGUSDTshort	+0.0100%	4h	0.04772	−0.610%	$1.7M	$4.2M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04770	−0.652%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04747	−1.131%	$571K	$765K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04775	−0.548%	$900K	$300K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04767	−0.714%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04753	−1.000%	$7K	$29K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04752	−1.019%	$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	0.04868	+1.389%	$2K	$1.8M	20x	as long as short
BloFin MOODENG-USDT	+0.0155%	4h	0.04764	−0.777%	$180K	$133K	50x	as long as short
BingX MOODENG-USDT	+0.0162%	4h	0.04768	−0.694%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0182%	4h	0.04776	−0.527%	$1.2M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.0250%	1h	0.04772	−0.619%	$465K	$416K	3x	as long as short
ApeX Omni MOODENGUSDT	+0.0648%	1h	0.04750	−1.068%	$22K	$641K	25x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.9924%	1h	0.04801	long leg	$67K	$101K	20x