Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0544%/8h= +59.6% APRpaid last 24h +0.110%

Price spread now: ApeX Omni against KuCoin+0.443%52s7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$140as 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−$1651.645% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now +0.443%, 7d avg +0.049%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and ApeX Omni is 0.394% dearer against KuCoin than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.049%. The two prices were read 52 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 0.240% in total (about 12.5% 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	KuCoin MOODENGUSDTM	0.04738	0.0100	pay 0.0050% / 4h	2h 04m	$1.7M	$2.9M	50x
Short	ApeX Omni MOODENGUSDT	0.04759	0.0644	get 0.0081% / 1h	4m 40s	$22K	$646K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.443%Rate

Funding earned: $114.32
Price spread: +0.443% → +0.049%: $39.38
Slippage, 4 orders: −$142.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$10.83
Costs to cover: 1.645%
Break-even: 7.7 days

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 18 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 KuCoin live order book, 2 min ago	3.16 bp	80.2 bp −$80	1816.3 bp −$18.2K	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	8.35 bp	17.0 bp −$17	148.6 bp −$1,486	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	0.04733	−0.099%	$18	—	100x	as long as short
BloFin MOODENG-USDT	+0.0090%	4h	0.04745	+0.148%	$178K	$137K	50x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04742	+0.084%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04739	+0.021%	$2.5M	$11.1M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04738	0.000%	$1.6M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04737	−0.021%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04738	0.000%	$568K	$769K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04739	+0.021%	$914K	$304K	50x	as long as short
KuCoin MOODENGUSDTMlong	+0.0100%	4h	0.04738	long leg	$1.7M	$2.9M	50x
Variational Omni MOODENG	+0.0100%	4h	0.04752	+0.291%	$7K	$29K	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDT	+0.0100%	4h	0.04841	+2.174%	$1K	$1.8M	20x	as long as short
Bitget MOODENGUSDT	+0.0222%	4h	0.04744	+0.127%	$1.2M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0254%	4h	0.04735	−0.063%	—	$6.7M	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0260%	4h	0.04758	+0.422%	$414K	$2.2M	10x	as long as short
Hyperliquid MOODENG	+0.0260%	1h	0.04742	+0.076%	$462K	$414K	3x	as long as short
ApeX Omni MOODENGUSDTshort	+0.0644%	1h	0.04759	+0.443%	$22K	$646K	25x
Kraken Futures PF_MOODENGUSD	+1.0017%	1h	0.04757	+0.402%	$67K	$101K	20x	as long as short