Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.083%

Price spread now: GMX against SunX−2.185%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 2.185% cheaper against SunX than usual: you would sell low and buy high (−$218 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MOODENG-USDT	0.04875	0.0100	pay 0.0050% / 4h	2h 50m	$1K	$1.9M	20x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04768	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	50m 49s	$18	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now −2.185%Rate

Funding earned: −$61.57
Price spread: −2.185% → 0.000%: −$218.46
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$300.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

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 SunX live order book, 5 min ago	316.36 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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]short	L −1.1224% / S +0.0193%	1h	0.04768	−2.185%	$18	—	100x
Aster MOODENGUSDT	+0.0100%	4h	0.04766	−2.235%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04783	−1.887%	$2.6M	$11.6M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04775	−2.051%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04782	−1.908%	$2.1M	$4.8M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04761	−2.338%	$561K	$817K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04779	−1.969%	$947K	$324K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04767	−2.215%	$1.7M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04774	−2.066%	$7K	$31K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04767	−2.215%	$414K	$2.3M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDTlong	+0.0100%	4h	0.04875	long leg	$1K	$1.9M	20x
BloFin MOODENG-USDT	+0.0150%	4h	0.04777	−2.010%	$182K	$137K	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0235%	1h	0.04755	−2.462%	$23K	$665K	25x	as long as short
BingX MOODENG-USDT	+0.0514%	4h	0.04773	−2.092%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0572%	4h	0.04783	−1.887%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.0584%	1h	0.04781	−1.920%	$463K	$414K	3x	as long as short
Kraken Futures PF_MOODENGUSD	+0.6580%	1h	0.04786	−1.820%	$64K	$118K	20x	as long as short