Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +1.144%

Price spread now: Kraken Futures against BingX−0.045%53s7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs+$31as 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−$1471.468% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.777%+$178 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now −0.045%, 7d avg +0.073%

Together, before fees+1.647%+$165 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.118% cheaper against BingX than usual: you would sell low and buy high (spread −0.045% now, against its 7-day average of +0.073%). If the spread goes back, that is −$12 on $10k: about 29 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+1.777% in total) that is about 11 hours. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX MOODENG-USDT	0.04844	0.0160	pay 0.0080% / 4h	1h 25m	—	$6.8M	—
Short	Kraken Futures PF_MOODENGUSD	0.04842	0.0174	get 0.0022% / 1h	25m 17s	$66K	$149K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.045%Rate

Funding earned: $2.84
Price spread: −0.045% → +0.073%: −$11.83
Slippage, 4 orders: −$126.84
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$155.84
Costs to cover: 1.468%
Break-even: 391.7 days

Slippage from BingX: live order book, 7 min ago; Kraken Futures: live order book, 17 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 BingX live order book, 7 min ago	4.17 bp	18.3 bp −$18	50.4 bp −$504	541.8 bp −$54.2K	788.6 bp −$394.3K
Sell Kraken Futures live order book, 17 min ago	19.91 bp	63.4 bp −$63	doesn't fit	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	0.04812	−0.659%	$19	—	100x	as long as short
Hyperliquid MOODENG	+0.0100%	1h	0.04848	+0.081%	$459K	$478K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04828	−0.321%	$9K	$36K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04846	+0.041%	$1.6M	$4.9M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04840	−0.083%	$2.1M	$5.5M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04836	−0.165%	$584K	$901K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04834	−0.206%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04845	+0.024%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04821	−0.469%	$428K	$3.2M	10x	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04815	−0.599%	$31K	$680K	25x	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	0.04950	+2.188%	$2K	$2.0M	20x	as long as short
MEXC MOODENG_USDT	+0.0146%	4h	0.04840	−0.083%	$945K	$344K	50x	as long as short
Binance MOODENGUSDT	+0.0159%	4h	0.04843	−0.024%	$2.7M	$13.5M	50x	as long as short
BingX MOODENG-USDTlong	+0.0160%	4h	0.04844	long leg	—	$6.8M	—
Kraken Futures PF_MOODENGUSDshort	+0.0174%	1h	0.04842	−0.045%	$66K	$149K	20x
Bitget MOODENGUSDT	+0.0176%	4h	0.04838	−0.124%	$1.3M	$1.3M	50x	as long as short
BloFin MOODENG-USDT	+0.0196%	4h	0.04823	−0.434%	$182K	$112K	50x	as long as short