Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.5869%/8h= −642.6% APRpaid last 24h −1.111%

Price spread now: OKX against Kraken Futures−0.702%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$631as in the Funding arb table

Net, price: spread back to 7d avg − costs−$518as in the Price arb table

costs, in and out, $10k−$4584.578% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−1.729%−$173 on $10k

Price spread, last 3 days (all we have)+0.913%+$91 · spread now −0.702%, 7d avg −0.096%

Together, before fees−0.816%−$82 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 OKX is 0.607% 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 −0.096%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.729% in total (about -90.1% 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	0.04821	0.5969	pay 0.0746% / 1h	34m 35s	$65K	$113K	20x
Short	OKX MOODENG-USDT-SWAP	0.04787	0.0100	get 0.0050% / 4h	3h 34m	$2.1M	$4.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.702%Rate

Funding earned: −$1,232.41
Price spread: −0.702% → −0.096%: −$60.65
Slippage, 4 orders: −$437.85
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$1,750.91
Costs to cover: 4.578%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 38 min ago; OKX: live order book, 3 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	13.52 bp	390.8 bp −$391	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.09 bp	19.2 bp −$19	78.5 bp −$785	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	0.04785	−0.750%	$19	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04793	−0.588%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04794	−0.557%	$2.6M	$11.4M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04792	−0.598%	$1.6M	$4.3M	50x	as long as short
OKX MOODENG-USDT-SWAPshort	+0.0100%	4h	0.04787	−0.702%	$2.1M	$4.6M	20x
Gate MOODENG_USDT	+0.0100%	4h	0.04790	−0.640%	$571K	$800K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04795	−0.536%	$962K	$323K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04791	−0.619%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04784	−0.759%	$8K	$30K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04761	−1.240%	$419K	$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
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04774	−0.972%	$23K	$663K	25x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04904	+1.725%	$2K	$1.9M	20x	as long as short
BloFin MOODENG-USDT	+0.0105%	4h	0.04797	−0.495%	$179K	$139K	50x	as long as short
BingX MOODENG-USDT	+0.0342%	4h	0.04793	−0.578%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0384%	4h	0.04800	−0.433%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.0805%	1h	0.04795	−0.530%	$465K	$410K	3x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.5969%	1h	0.04821	long leg	$65K	$113K	20x