Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.9773%/8h= −1070.2% APRpaid last 24h −0.848%

Price spread now: GRVT against Kraken Futures−1.286%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,385as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,364as in the Price arb table

costs, in and out, $10k−$2,23422.337% of the position

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−1.512%−$151 on $10k

Price spread, last 3 days (all we have)+1.341%+$134 · spread now −1.286%, 7d avg +0.022%

Together, before fees−0.172%+ Points / potential airdropGRVT: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$293 a day on $10k at the current rate, and GRVT is 1.308% cheaper against Kraken Futures than usual: you would sell low and buy high (−$131 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.512% in total (about -78.9% 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	0.04826	0.9873	pay 0.1234% / 1h	22m 36s	$68K	$101K	20x
Short	GRVT MOODENG_USDT_Perp	0.04764	0.0100	get 0.0050% / 4h	2h 22m	$414K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −1.286%Rate

Funding earned: −$2,052.43
Price spread: −1.286% → +0.022%: −$130.8
Slippage, 4 orders: −$2,214.68
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$4,416.91
Costs to cover: 22.337%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 64 min ago; GRVT: live order book, 6 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, 64 min ago	55.40 bp	2074.0 bp −$2,074	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	5.26 bp	38.3 bp −$38	113.2 bp −$1,132	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	0.04779	−0.984%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04764	−1.290%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04788	−0.789%	$2.6M	$11.0M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04788	−0.789%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04786	−0.831%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04777	−1.017%	$573K	$766K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04788	−0.789%	$902K	$301K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04783	−0.893%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04774	−1.072%	$7K	$29K	—	as long as short
GRVT MOODENG_USDT_Perpshort	+0.0100%	4h	0.04764	−1.286%	$414K	$2.2M	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDT	+0.0100%	4h	0.04892	+1.366%	$2K	$1.8M	20x	as long as short
BloFin MOODENG-USDT	+0.0122%	4h	0.04786	−0.831%	$180K	$133K	50x	as long as short
BingX MOODENG-USDT	+0.0170%	4h	0.04787	−0.810%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0218%	4h	0.04794	−0.665%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.0262%	1h	0.04790	−0.744%	$467K	$416K	3x	as long as short
ApeX Omni MOODENGUSDT	+0.0706%	1h	0.04760	−1.369%	$22K	$642K	25x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.9873%	1h	0.04826	long leg	$68K	$101K	20x