Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.1043%/8h= −114.2% APRpaid last 24h −1.247%

Price spread now: Bybit against Kraken Futures−0.263%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$342as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1621.623% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.797%−$180 on $10k

Price spread, last 4 days (all we have)+0.460%+$46 · spread now −0.263%, 7d avg −0.037%

Together, before fees−1.338%−$134 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Bybit is 0.226% cheaper against Kraken Futures than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MOODENGUSD	0.04937	0.1143	pay 0.0143% / 1h	44m 52s	$65K	$133K	20x
Short	Bybit MOODENGUSDT	0.04924	0.0100	get 0.0050% / 4h	3h 44m	$1.6M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.263%Rate

Funding earned: −$218.95
Price spread: −0.263% → −0.037%: −$22.63
Slippage, 4 orders: −$141.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$403.83
Costs to cover: 1.623%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 7 min ago; Bybit: live order book, 3 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, 7 min ago	15.14 bp	69.3 bp −$69	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	5.07 bp	20.2 bp −$20	97.0 bp −$970	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 −169.2378% / S +0.0396%	1h	0.04925	−0.247%	$3K	—	100x	as long as short
Bybit MOODENGUSDTshort	+0.0100%	4h	0.04924	−0.263%	$1.6M	$4.6M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04915	−0.445%	$2.1M	$5.1M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04919	−0.364%	$592K	$855K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04919	−0.364%	$1.8M	$2.9M	50x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.05042	+2.127%	$1K	$1.9M	20x	as long as short
Aster MOODENGUSDT	+0.0172%	4h	0.04919	−0.357%	$10K	$35K	5x	as long as short
BloFin MOODENG-USDT	+0.0246%	4h	0.04921	−0.324%	$184K	$126K	50x	as long as short
MEXC MOODENG_USDT	+0.0294%	4h	0.04931	−0.121%	$923K	$328K	50x	as long as short
Binance MOODENGUSDT	+0.0296%	4h	0.04925	−0.243%	$2.7M	$12.3M	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	+0.0331%	4h	0.04917	−0.412%	$9K	$32K	—	as long as short
Hyperliquid MOODENG	+0.0467%	1h	0.04923	−0.279%	$493K	$430K	3x	as long as short
GRVT MOODENG_USDT_Perp	+0.0508%	4h	0.04934	−0.067%	$434K	$2.7M	10x	as long as short
BingX MOODENG-USDT	+0.0654%	4h	0.04922	−0.304%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0668%	4h	0.04927	−0.202%	$1.3M	$1.2M	50x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.1143%	1h	0.04937	long leg	$65K	$133K	20x
ApeX Omni MOODENGUSDT	+0.2037%	1h	0.04928	−0.182%	$32K	$674K	25x	as long as short