Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0273%/8h= −29.9% APRpaid last 24h −0.103%

Price spread now: GMX against BloFin−0.071%51s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$8 a day on $10k at the current rate, and GMX is 0.071% cheaper against BloFin 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 51 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	BloFin MOODENG-USDT	0.04763	0.0080	pay 0.0040% / 4h	1h 47m	$178K	$137K	50x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04760	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	47m 42s	$18	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$57.28
Price spread: −0.071% → 0.000%: −$7.14
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$88.41
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 27 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 BloFin live order book, 27 min ago	4.18 bp	17.2 bp −$17	39.3 bp −$393	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	0.04760	−0.071%	$18	—	100x
BloFin MOODENG-USDTlong	+0.0080%	4h	0.04763	long leg	$178K	$137K	50x
Aster MOODENGUSDT	+0.0100%	4h	0.04759	−0.085%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04771	+0.174%	$2.6M	$11.1M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04765	+0.042%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04765	+0.042%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04758	−0.105%	$569K	$768K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04771	+0.168%	$923K	$304K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04765	+0.042%	$1.7M	$3.0M	50x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04864	+2.121%	$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
Variational Omni MOODENG	+0.0106%	4h	0.04762	−0.029%	$7K	$29K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0184%	4h	0.04760	−0.063%	$423K	$2.2M	10x	as long as short
Bitget MOODENGUSDT	+0.0208%	4h	0.04773	+0.210%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0214%	4h	0.04763	0.000%	—	$6.7M	—	as long as short
Hyperliquid MOODENG	+0.0372%	1h	0.04774	+0.227%	$464K	$411K	3x	as long as short
ApeX Omni MOODENGUSDT	+0.2619%	1h	0.04765	+0.042%	$22K	$646K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.9084%	1h	0.04796	+0.691%	$67K	$101K	20x	as long as short