Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.046%

Price spread now: Gate against Hyperliquid−0.218%7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1361.359% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now −0.218%, 7d avg −0.074%

Together, before fees+0.021%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.145% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.074%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04806	0.0259	pay 0.0032% / 1h	33m 23s	$466K	$411K	3x
Short	Gate MOODENG_USDT	0.04796	0.0100	get 0.0050% / 4h	1h 33m	$575K	$773K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.218%Rate

Funding earned: −$33.33
Price spread: −0.218% → −0.074%: −$14.48
Slippage, 4 orders: −$111.88
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$183.69
Costs to cover: 1.359%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 37 min ago; Gate: live order book, 48 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, 37 min ago	4.82 bp	17.5 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	6.27 bp	52.2 bp −$52	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	0.04795	−0.246%	$19	—	100x	as long as short
BloFin MOODENG-USDT	+0.0096%	4h	0.04800	−0.135%	$178K	$138K	50x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04797	−0.207%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04803	−0.073%	$2.6M	$11.1M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04800	−0.135%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04795	−0.239%	$2.1M	$4.5M	20x	as long as short
Gate MOODENG_USDTshort	+0.0100%	4h	0.04796	−0.218%	$575K	$773K	50x
MEXC MOODENG_USDT	+0.0100%	4h	0.04808	+0.031%	$929K	$306K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04800	−0.135%	$1.7M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04808	+0.030%	$8K	$30K	—	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	0.04891	+1.758%	$1K	$1.8M	20x	as long as short
GRVT MOODENG_USDT_Perp	+0.0142%	4h	0.04804	−0.044%	$423K	$2.2M	10x	as long as short
Bitget MOODENGUSDT	+0.0236%	4h	0.04815	+0.177%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0250%	4h	0.04801	−0.114%	—	$6.7M	—	as long as short
Hyperliquid MOODENGlong	+0.0259%	1h	0.04806	long leg	$466K	$411K	3x
ApeX Omni MOODENGUSDT	+0.1340%	1h	0.04799	−0.156%	$22K	$647K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.9022%	1h	0.04829	+0.463%	$68K	$101K	20x	as long as short