Funding arb · Price arb /

MOODENG

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0186%/8h= +20.4% APRpaid last 24h +0.086%

Price spread now: Hyperliquid against SunX−1.948%7-day average −2.134% · you buy dearer than you sell

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

Long on SunX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.247%−$25 · spread now −1.948%, 7d avg −2.134%

Together, before fees−0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hyperliquid is 0.186% dearer against SunX than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −2.134%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MOODENG-USDT	0.04809	0.0100	pay 0.0050% / 4h	10m 10s	$1K	$1.9M	20x
Short	Hyperliquid MOODENG	0.04715	0.0286	get 0.0036% / 1h	10m 10s	$448K	$442K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against SunX. 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 SunXbpFee HyperliquidbpOrdersPrice spread, now −1.948%Rate

Funding earned: $39.14
Price spread: −1.948% → −2.134%: $18.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $40.69
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 min ago; Hyperliquid: live order book, 13 min ago. 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 SunX live order book, 10 min ago	220.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 13 min ago	1.59 bp	26.4 bp −$26	doesn't fit	doesn't fit	doesn't fit

MOODENG on 17 exchanges

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	0.04704	−2.188%	$18	—	100x	as long as short
Kraken Futures PF_MOODENGUSD	−0.0262%	1h	0.04709	−2.085%	$64K	$156K	20x	as long as short
BloFin MOODENG-USDT	+0.0094%	4h	0.04710	−2.059%	$176K	$112K	50x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04710	−2.059%	$10K	$38K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04717	−1.913%	$2.6M	$13.2M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04713	−1.996%	$1.5M	$4.8M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04716	−1.934%	$2.0M	$5.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04710	−2.059%	$571K	$819K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04711	−2.038%	$956K	$348K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04710	−2.059%	$1.7M	$2.9M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget MOODENGUSDT	+0.0100%	4h	0.04717	−1.913%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0100%	4h	0.04712	−2.017%	—	$6.9M	—	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04710	−2.054%	$9K	$31K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04712	−2.024%	$409K	$4.0M	10x	as long as short
SunX MOODENG-USDTlong	+0.0100%	4h	0.04809	long leg	$1K	$1.9M	20x
Hyperliquid MOODENGshort	+0.0286%	1h	0.04715	−1.948%	$448K	$442K	3x
ApeX Omni MOODENGUSDT	+0.1053%	1h	0.04708	−2.100%	$30K	$676K	25x	as long as short