MOODENG

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.5865%/8h= −642.2% APRnext payment −$7.33 per $10,000 · paid last 24h −1.119%

Price spread now: Hyperliquid against Kraken Futures−0.265%50s7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,490as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1,32313.229% of the position

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−1.675%−$167 on $10k

Price spread, last 3 days (all we have)+0.482%+$48 · spread now −0.265%, 7d avg −0.038%

Together, before fees−1.193%+ Points / potential airdropHyperliquid: Season 2 · farm board−$119 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$176 a day on $10k at the current rate, and Hyperliquid is 0.228% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.038%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.675% in total (about -87.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.33 per $10,000. 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	0.04785	0.6582	pay 0.0823% / 1h	29m 21s	$64K	$116K	20x
Short	Hyperliquid MOODENG	0.04772	0.0717	get 0.0090% / 1h	29m 21s	$473K	$420K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.265%Rate

Funding earned: −$1,231.64
Price spread: −0.265% → −0.038%: −$22.76
Slippage, 4 orders: −$1,303.92
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$2,577.32
Costs to cover: 13.229%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 38 min ago; Hyperliquid: live order book, 11 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, 38 min ago	33.81 bp	1239.0 bp −$1,239	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	1.48 bp	21.5 bp −$22	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	0.04756	−0.598%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04765	−0.413%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04764	−0.428%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04760	−0.512%	$2.1M	$4.9M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04768	−0.345%	$562K	$826K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04770	−0.303%	$910K	$331K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04768	−0.345%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04759	−0.538%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04746	−0.803%	$415K	$2.3M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04873	+1.850%	$1K	$1.9M	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOODENGUSDT	+0.0115%	4h	0.04766	−0.377%	$2.6M	$11.7M	50x	as long as short
BingX MOODENG-USDT	+0.0586%	4h	0.04765	−0.408%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0674%	4h	0.04779	−0.115%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENGshort	+0.0717%	1h	0.04772	−0.265%	$473K	$420K	3x
ApeX Omni MOODENGUSDT	+0.0789%	1h	0.04756	−0.596%	$22K	$666K	25x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.6582%	1h	0.04785	long leg	$64K	$116K	20x