Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.029%

Price spread now: BingX against Hyperliquid+0.056%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$720.718% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.056%, 7d avg −0.037%

Together, before fees−0.107%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.093% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04805	0.0100	pay 0.0013% / 1h	32m 43s	$454K	$477K	3x
Short	BingX MOODENG-USDT	0.04808	0.0200	get 0.0100% / 4h	1h 32m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now +0.056%Rate

Funding earned: $21
Price spread: +0.056% → −0.037%: $9.3
Slippage, 4 orders: −$52.81
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$41.51
Costs to cover: 0.718%
Break-even: 20.8 days

Slippage from Hyperliquid: live order book, 27 min ago; BingX: live order book, 10 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 Hyperliquid live order book, 27 min ago	0.52 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	3.14 bp	16.5 bp −$16	49.4 bp −$494	462.8 bp −$46.3K	803.5 bp −$401.8K

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	0.04802	−0.073%	$18	—	100x	as long as short
Hyperliquid MOODENGlong	+0.0100%	1h	0.04805	long leg	$454K	$477K	3x
Aster MOODENGUSDT	+0.0100%	4h	0.04799	−0.136%	$9K	$36K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04791	−0.298%	$1.6M	$4.9M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04784	−0.443%	$2.1M	$5.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04805	−0.006%	$581K	$899K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04804	−0.027%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04774	−0.648%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04783	−0.465%	$416K	$3.1M	10x	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04791	−0.298%	$31K	$681K	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	0.04916	+2.304%	$1K	$2.0M	20x	as long as short
MEXC MOODENG_USDT	+0.0144%	4h	0.04808	+0.056%	$936K	$343K	50x	as long as short
Binance MOODENGUSDT	+0.0150%	4h	0.04799	−0.133%	$2.7M	$13.4M	50x	as long as short
Bitget MOODENGUSDT	+0.0170%	4h	0.04810	+0.098%	$1.3M	$1.3M	50x	as long as short
Kraken Futures PF_MOODENGUSD	+0.0175%	1h	0.04798	−0.143%	$66K	$149K	20x	as long as short
BloFin MOODENG-USDT	+0.0179%	4h	0.04810	+0.098%	$181K	$112K	50x	as long as short
BingX MOODENG-USDTshort	+0.0200%	4h	0.04808	+0.056%	—	$6.8M	—