Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.2745%/8h= +300.6% APRpaid last 24h +1.246%

Price spread now: Kraken Futures against Bybit−0.069%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1761.758% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.758%+$176 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.069%, 7d avg +0.037%

Together, before fees+1.783%+$178 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.107% cheaper against Bybit than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.037%). If the spread goes back, that is −$11 on $10k: about 3 hours of funding at the current rate (+$82 a day). At the pace of the last 7 days (+1.758% in total) that is about 10 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.758% in total (about 91.7% 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	Bybit MOODENGUSDT	0.04758	0.0100	pay 0.0050% / 4h	1h 27m	$1.6M	$4.4M	50x
Short	Kraken Futures PF_MOODENGUSD	0.04755	0.2845	get 0.0356% / 1h	27m 01s	$63K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.069%Rate

Funding earned: $576.49
Price spread: −0.069% → +0.037%: −$10.65
Slippage, 4 orders: −$154.8
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $390.04
Costs to cover: 1.758%
Break-even: 2.3 days

Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 35 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 Bybit live order book, 1 min ago	4.20 bp	18.8 bp −$19	43.7 bp −$437	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 35 min ago	15.70 bp	49.9 bp −$50	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	0.04746	−0.261%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04760	+0.046%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDTlong	+0.0100%	4h	0.04758	long leg	$1.6M	$4.4M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04751	−0.147%	$2.1M	$4.8M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04758	0.000%	$576K	$840K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04755	−0.063%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04776	+0.379%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04766	+0.168%	$415K	$2.4M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04864	+2.228%	$2K	$1.9M	20x	as long as short
MEXC MOODENG_USDT	+0.0166%	4h	0.04756	−0.042%	$917K	$329K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOODENGUSDT	+0.0167%	4h	0.04758	−0.004%	$2.6M	$11.7M	50x	as long as short
BloFin MOODENG-USDT	+0.0181%	4h	0.04763	+0.105%	$180K	$120K	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0764%	1h	0.04772	+0.294%	$22K	$664K	25x	as long as short
BingX MOODENG-USDT	+0.0770%	4h	0.04761	+0.063%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0792%	4h	0.04760	+0.042%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.1025%	1h	0.04761	+0.061%	$471K	$417K	3x	as long as short
Kraken Futures PF_MOODENGUSDshort	+0.2845%	1h	0.04755	−0.069%	$63K	$117K	20x