Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.6632%/8h= −726.3% APRpaid last 24h −1.030%

Price spread now: KuCoin against Kraken Futures−0.728%7-day average −0.109% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,093as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,984as in the Price arb table

costs, in and out, $10k−$1,92319.226% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−1.703%−$170 on $10k

Price spread, last 3 days (all we have)+0.827%+$83 · spread now −0.728%, 7d avg −0.109%

Together, before fees−0.876%−$88 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$199 a day on $10k at the current rate, and KuCoin is 0.619% cheaper against Kraken Futures than usual: you would sell low and buy high (−$62 if the spread goes back to its 7-day average of −0.109%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.703% in total (about -88.8% 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	0.04843	0.6732	pay 0.0842% / 1h	20m 13s	$66K	$113K	20x
Short	KuCoin MOODENGUSDTM	0.04808	0.0100	get 0.0050% / 4h	20m 13s	$1.7M	$2.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.728%Rate

Funding earned: −$1,392.82
Price spread: −0.728% → −0.109%: −$61.92
Slippage, 4 orders: −$1,900.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$3,377.32
Costs to cover: 19.226%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 57 min ago; KuCoin: live order book, 2 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, 57 min ago	19.82 bp	1788.1 bp −$1,788	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.08 bp	53.1 bp −$53	543.0 bp −$5,430	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	0.04809	−0.697%	$19	—	100x	as long as short
BloFin MOODENG-USDT	+0.0070%	4h	0.04806	−0.769%	$181K	$139K	50x	as long as short
Hyperliquid MOODENG	+0.0100%	1h	0.04818	−0.530%	$468K	$411K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04813	−0.633%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04813	−0.625%	$2.6M	$11.2M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04810	−0.687%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04806	−0.769%	$2.1M	$4.6M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04811	−0.666%	$572K	$795K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04813	−0.625%	$963K	$319K	50x	as long as short
KuCoin MOODENGUSDTMshort	+0.0100%	4h	0.04808	−0.728%	$1.7M	$2.9M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOODENG	+0.0100%	4h	0.04810	−0.679%	$8K	$30K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04815	−0.593%	$422K	$2.2M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04919	+1.564%	$2K	$1.9M	20x	as long as short
Bitget MOODENGUSDT	+0.0238%	4h	0.04819	−0.501%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0246%	4h	0.04812	−0.645%	—	$6.7M	—	as long as short
ApeX Omni MOODENGUSDT	+0.0537%	1h	0.04805	−0.790%	$23K	$654K	25x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.6732%	1h	0.04843	long leg	$66K	$113K	20x