Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.8710%/8hnext payment −$10.89 per $10,000 · paid last 24h −0.621%

Price spread now: ApeX Omni against Kraken Futures−0.915%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3,384as in the Funding arb table

Net, price: spread back to 7d avg − costs−$3,347as in the Price arb table

costs, in and out, $10k−$3,25832.582% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−1.260%−$126 on $10k

Price spread, last 3 days (all we have)+1.201%+$120 · spread now −0.915%, 7d avg −0.032%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$261 a day on $10k at the current rate, and ApeX Omni is 0.884% cheaper against Kraken Futures than usual: you would sell low and buy high (−$88 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.260% in total (about -65.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.89 per $10,000. 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	Kraken Futures PF_MOODENGUSD	0.04815	0.8005	pay 0.1001% / 1h	23m 05s	$65K	$106K	20x
Short	ApeX Omni MOODENGUSDT	0.04771	−0.0705	pay 0.0088% / 1h	23m 05s	$20K	$626K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.915%Rate

Funding earned: −$1,829.13
Price spread: −0.915% → −0.032%: −$88.36
Slippage, 4 orders: −$3,238.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$5,175.74
Costs to cover: 32.582%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 8 min ago; ApeX Omni: live order book, 9 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 Kraken Futures live order book, 8 min ago	49.33 bp	3163.4 bp −$3,163	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	8.40 bp	16.4 bp −$16	178.3 bp −$1,783	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	0.04764	−1.067%	$18	—	100x	as long as short
ApeX Omni MOODENGUSDTshort	−0.0705%	1h	0.04771	−0.915%	$20K	$626K	25x
BloFin MOODENG-USDT	+0.0089%	4h	0.04773	−0.874%	$150K	$153K	50x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04776	−0.814%	$10K	$34K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04770	−0.936%	$2.6M	$11.0M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04770	−0.936%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04768	−0.978%	$2.1M	$4.2M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04770	−0.936%	$573K	$743K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04771	−0.915%	$916K	$294K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04769	−0.957%	$1.7M	$2.9M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni MOODENG	+0.0100%	4h	0.04761	−1.113%	$8K	$29K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04780	−0.725%	$416K	$1.9M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04881	+1.369%	$2K	$1.8M	20x	as long as short
Bitget MOODENGUSDT	+0.0174%	4h	0.04773	−0.874%	$1.2M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0188%	4h	0.04771	−0.915%	—	$6.7M	—	as long as short
Hyperliquid MOODENG	+0.0432%	1h	0.04772	−0.897%	$465K	$431K	3x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.8005%	1h	0.04815	long leg	$65K	$106K	20x