Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.5540%/8h= +606.6% APRpaid last 24h +1.078%

Price spread now: Kraken Futures against Bitget+0.485%48s7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$302as 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−$4694.686% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.662%+$166 on $10k

Price spread, last 3 days (all we have)−0.718%−$72 · spread now +0.485%, 7d avg +0.008%

Together, before fees+0.944%+$94 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$166 a day on $10k at the current rate, and Kraken Futures is 0.477% dearer against Bitget than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of +0.008%. The two prices were read 48 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 1.662% in total (about 86.7% 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	Bitget MOODENGUSDT	0.04798	0.0428	pay 0.0214% / 4h	3h 25m	$1.3M	$1.2M	50x
Short	Kraken Futures PF_MOODENGUSD	0.04821	0.5968	get 0.0746% / 1h	25m 30s	$65K	$113K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.485%Rate

Funding earned: $1,163.42
Price spread: +0.485% → +0.008%: $47.68
Slippage, 4 orders: −$446.61
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $742.49
Costs to cover: 4.686%
Break-even: 2.5 days

Slippage from Bitget: live order book, 1 min ago; Kraken Futures: live order book, 47 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 Bitget live order book, 1 min ago	2.09 bp	29.1 bp −$29	220.1 bp −$2,201	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 47 min ago	13.52 bp	29.0 bp −$29	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	0.04786	−0.258%	$19	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04788	−0.202%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04792	−0.127%	$2.6M	$11.4M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04789	−0.188%	$1.6M	$4.3M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04786	−0.250%	$2.1M	$4.6M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04783	−0.313%	$570K	$802K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04791	−0.146%	$973K	$325K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04789	−0.188%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04791	−0.152%	$8K	$30K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04779	−0.396%	$421K	$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
SunX MOODENG-USDT	+0.0100%	4h	0.04892	+1.959%	$2K	$1.9M	20x	as long as short
ApeX Omni MOODENGUSDT	+0.0153%	1h	0.04781	−0.354%	$23K	$664K	25x	as long as short
BloFin MOODENG-USDT	+0.0157%	4h	0.04795	−0.063%	$179K	$138K	50x	as long as short
BingX MOODENG-USDT	+0.0404%	4h	0.04788	−0.208%	—	$6.7M	—	as long as short
Bitget MOODENGUSDTlong	+0.0428%	4h	0.04798	long leg	$1.3M	$1.2M	50x
Hyperliquid MOODENG	+0.0754%	1h	0.04794	−0.075%	$465K	$411K	3x	as long as short
Kraken Futures PF_MOODENGUSDshort	+0.5968%	1h	0.04821	+0.485%	$65K	$113K	20x