Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0359%/8h= −39.3% APRpaid last 24h −0.091%

Price spread now: BingX against ApeX Omni−0.084%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$760.760% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 3 days (all we have)−0.195%−$19 · spread now −0.084%, 7d avg −0.010%

Together, before fees−0.332%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.074% cheaper against ApeX Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.137% in total (about -7.1% a year). A funding rate is set anew for every payment. 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	ApeX Omni MOODENGUSDT	0.04743	0.0581	pay 0.0073% / 1h	59m 21s	$22K	$645K	25x
Short	BingX MOODENG-USDT	0.04739	0.0222	get 0.0111% / 4h	1h 59m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against ApeX Omni. 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 ApeX OmnibpFee BingXbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$75.31
Price spread: −0.084% → −0.010%: −$7.42
Slippage, 4 orders: −$55.96
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$158.69
Costs to cover: 0.760%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 24 min ago; BingX: live order book, 8 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 ApeX Omni live order book, 24 min ago	8.35 bp	15.9 bp −$16	154.6 bp −$1,546	doesn't fit	doesn't fit
Sell BingX live order book, 8 min ago	6.31 bp	21.2 bp −$21	60.8 bp −$608	548.9 bp −$54.9K	838.7 bp −$419.4K

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	0.04738	−0.110%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04740	−0.073%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04737	−0.116%	$2.5M	$11.1M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04738	−0.105%	$1.6M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04736	−0.148%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04733	−0.211%	$566K	$768K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04737	−0.127%	$898K	$301K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04735	−0.169%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04741	−0.036%	$7K	$29K	—	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04841	+2.066%	$2K	$1.8M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin MOODENG-USDT	+0.0126%	4h	0.04739	−0.084%	$179K	$136K	50x	as long as short
GRVT MOODENG_USDT_Perp	+0.0166%	4h	0.04742	−0.013%	$412K	$2.2M	10x	as long as short
Bitget MOODENGUSDT	+0.0204%	4h	0.04740	−0.063%	$1.2M	$1.2M	50x	as long as short
BingX MOODENG-USDTshort	+0.0222%	4h	0.04739	−0.084%	—	$6.7M	—
ApeX Omni MOODENGUSDTlong	+0.0581%	1h	0.04743	long leg	$22K	$645K	25x
Hyperliquid MOODENG	+0.0616%	1h	0.04743	−0.011%	$461K	$415K	3x	as long as short
Kraken Futures PF_MOODENGUSD	+1.0021%	1h	0.04755	+0.256%	$67K	$101K	20x	as long as short