Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0892%/8h= −97.7% APRpaid last 24h −0.056%

Price spread now: BloFin against Hyperliquid+0.432%67s7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as 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−$750.755% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.417%−$42 · spread now +0.432%, 7d avg 0.000%

Together, before fees−0.450%+ Points / potential airdropHyperliquid: Season 2 · farm board−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.432% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.432% now, against its 7-day average of 0.000%): +$43 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.033% in total) that is about 3 months. The two prices were read 67 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 -0.033% in total (about -1.7% 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	Hyperliquid MOODENG	0.04788	0.1179	pay 0.0147% / 1h	23m 50s	$479K	$419K	3x
Short	BloFin MOODENG-USDT	0.04809	0.0287	get 0.0144% / 4h	23m 50s	$179K	$122K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.432%Rate

Funding earned: −$187.3
Price spread: +0.432% → 0.000%: $43.22
Slippage, 4 orders: −$54.49
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$219.57
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 66 min ago; BloFin: live order book, 6 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, 66 min ago	2.20 bp	20.2 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	5.19 bp	22.1 bp −$22	55.3 bp −$553	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	0.04780	−0.182%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04798	+0.211%	$10K	$30K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04793	+0.098%	$1.6M	$4.5M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04775	−0.278%	$2.1M	$4.8M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04795	+0.140%	$578K	$845K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04790	+0.036%	$1.8M	$2.9M	50x	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04820	+0.659%	$427K	$2.6M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04895	+2.228%	$1K	$1.9M	20x	as long as short
Binance MOODENGUSDT	+0.0243%	4h	0.04783	−0.111%	$2.6M	$11.9M	50x	as long as short
MEXC MOODENG_USDT	+0.0248%	4h	0.04787	−0.027%	$909K	$325K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MOODENG-USDTshort	+0.0287%	4h	0.04809	+0.432%	$179K	$122K	50x
Variational Omni MOODENG	+0.0344%	4h	0.04808	+0.414%	$9K	$32K	—	as long as short
BingX MOODENG-USDT	+0.0728%	4h	0.04797	+0.182%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0738%	4h	0.04794	+0.119%	$1.3M	$1.2M	50x	as long as short
ApeX Omni MOODENGUSDT	+0.1127%	1h	0.04812	+0.495%	$23K	$665K	25x	as long as short
Hyperliquid MOODENGlong	+0.1179%	1h	0.04788	long leg	$479K	$419K	3x
Kraken Futures PF_MOODENGUSD	+0.1232%	1h	0.04788	−0.008%	$63K	$131K	20x	as long as short