Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.083%

Price spread now: GMX against OKX−0.039%7-day average — · you buy dearer than you sell

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

Long on OKX 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 0.039% cheaper against OKX than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MOODENG-USDT-SWAP	0.04822	0.0100	pay 0.0050% / 4h	2h 05m	$2.1M	$5.4M	20x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04820	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	5m 16s	$19	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$61.57
Price spread: −0.039% → 0.000%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$87.51
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	1.04 bp	18.9 bp −$19	167.3 bp −$1,673	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 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]short	L −1.1224% / S +0.0193%	1h	0.04820	−0.039%	$19	—	100x
Hyperliquid MOODENG	+0.0100%	1h	0.04826	+0.083%	$458K	$471K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04808	−0.292%	$10K	$34K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04812	−0.207%	$1.6M	$4.8M	50x	as long as short
OKX MOODENG-USDT-SWAPlong	+0.0100%	4h	0.04822	long leg	$2.1M	$5.4M	20x
Gate MOODENG_USDT	+0.0100%	4h	0.04812	−0.207%	$583K	$886K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04812	−0.207%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04813	−0.194%	$9K	$32K	—	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04935	+2.343%	$1K	$2.0M	20x	as long as short
BloFin MOODENG-USDT	+0.0200%	4h	0.04821	−0.021%	$177K	$112K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOODENGUSDT	+0.0217%	4h	0.04817	−0.095%	$2.7M	$13.2M	50x	as long as short
GRVT MOODENG_USDT_Perp	+0.0224%	4h	0.04813	−0.187%	$417K	$3.1M	10x	as long as short
MEXC MOODENG_USDT	+0.0226%	4h	0.04817	−0.104%	$928K	$338K	50x	as long as short
Bitget MOODENGUSDT	+0.0286%	4h	0.04830	+0.166%	$1.3M	$1.3M	50x	as long as short
BingX MOODENG-USDT	+0.0296%	4h	0.04813	−0.187%	—	$6.8M	—	as long as short
Kraken Futures PF_MOODENGUSD	+0.0891%	1h	0.04820	−0.047%	$66K	$147K	20x	as long as short
ApeX Omni MOODENGUSDT	+0.0976%	1h	0.04819	−0.062%	$31K	$680K	25x	as long as short