Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −1.200%

Price spread now: Gate against Kraken Futures+0.224%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$384as in the Funding arb table

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

costs, in and out, $10k−$1981.981% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.862%−$186 on $10k

Price spread, last 4 days (all we have)−0.125%−$12 · spread now +0.224%, 7d avg −0.120%

Together, before fees−1.986%−$199 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.344% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of −0.120%): +$34 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−1.862% in total) that is about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MOODENGUSD	0.04779	0.0176	pay 0.0022% / 1h	36m 37s	$66K	$149K	20x
Short	Gate MOODENG_USDT	0.04790	0.0100	get 0.0050% / 4h	1h 36m	$581K	$893K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.224%Rate

Funding earned: −$15.91
Price spread: +0.224% → −0.120%: $34.39
Slippage, 4 orders: −$173.14
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$179.66
Costs to cover: 1.981%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Gate: live order book, 5 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, 6 min ago	19.91 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.29 bp	40.4 bp −$40	doesn't fit	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	0.04783	+0.084%	$19	—	100x	as long as short
Hyperliquid MOODENG	+0.0100%	1h	0.04785	+0.115%	$453K	$477K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04790	+0.224%	$10K	$35K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04778	−0.027%	$1.5M	$4.8M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04768	−0.236%	$2.1M	$5.4M	20x	as long as short
Gate MOODENG_USDTshort	+0.0100%	4h	0.04790	+0.224%	$581K	$893K	50x
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04784	+0.098%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04800	+0.437%	$9K	$32K	—	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04785	+0.119%	$31K	$682K	25x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04897	+2.463%	$2K	$2.0M	20x	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	+0.0126%	4h	0.04801	+0.454%	$423K	$3.1M	10x	as long as short
MEXC MOODENG_USDT	+0.0158%	4h	0.04781	+0.036%	$930K	$341K	50x	as long as short
Binance MOODENGUSDT	+0.0159%	4h	0.04781	+0.037%	$2.7M	$13.4M	50x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.0176%	1h	0.04779	long leg	$66K	$149K	20x
Bitget MOODENGUSDT	+0.0182%	4h	0.04789	+0.203%	$1.3M	$1.3M	50x	as long as short
BingX MOODENG-USDT	+0.0200%	4h	0.04784	+0.098%	—	$6.8M	—	as long as short
BloFin MOODENG-USDT	+0.0216%	4h	0.04795	+0.329%	$180K	$112K	50x	as long as short