Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.093%

Price spread now: GMX against KuCoin−0.072%59s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 0.072% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MOODENGUSDTM	0.04752	0.0100	pay 0.0050% / 4h	1h 52m	$1.7M	$3.0M	50x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04749	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	52m 22s	$18	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$61.57
Price spread: −0.072% → 0.000%: −$7.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$92.73
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

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 KuCoin live order book, 5 min ago	1.05 bp	48.1 bp −$48	1596.4 bp −$16.0K	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MOODENG on 16 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]short	L −1.1224% / S +0.0193%	1h	0.04749	−0.072%	$18	—	100x
Aster MOODENGUSDT	+0.0100%	4h	0.04756	+0.084%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04756	+0.084%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04760	+0.168%	$2.1M	$4.8M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04753	+0.021%	$567K	$829K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04770	+0.379%	$919K	$327K	50x	as long as short
KuCoin MOODENGUSDTMlong	+0.0100%	4h	0.04752	long leg	$1.7M	$3.0M	50x
Variational Omni MOODENG	+0.0100%	4h	0.04788	+0.762%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04754	+0.036%	$420K	$2.4M	10x	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04746	−0.126%	$22K	$663K	25x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDT	+0.0100%	4h	0.04864	+2.357%	$2K	$1.9M	20x	as long as short
Binance MOODENGUSDT	+0.0101%	4h	0.04768	+0.337%	$2.6M	$11.7M	50x	as long as short
BingX MOODENG-USDT	+0.0666%	4h	0.04752	0.000%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0718%	4h	0.04770	+0.379%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENG	+0.0857%	1h	0.04773	+0.438%	$473K	$416K	3x	as long as short
Kraken Futures PF_MOODENGUSD	+0.2843%	1h	0.04758	+0.136%	$63K	$116K	20x	as long as short