Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+1.1546%/8h= +1264.3% APRpaid last 24h +3.173%

Price spread now: BingX against GMX−0.144%7-day average — · you buy dearer than you sell

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

Long on GMX Short on BingX

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

Funding pays, the price is against you. BingX is 0.144% cheaper against GMX than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 1 hour of funding at the current rate (+$346 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX MOODENG/USD [WBTC.b-USDC]	0.04708	L −1.1224% / S +0.0193%	get 0.1403% / 1h	28m 50s	$18	—	100x
Short	BingX MOODENG-USDT	0.04701	0.0322	get 0.0161% / 4h	2h 28m	—	$6.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $2,424.74
Price spread: −0.144% → 0.000%: −$14.44
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $2,388.3
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: GMX: no order-book sample; BingX: live order book, 9 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 9 min ago	3.17 bp	16.9 bp −$17	50.9 bp −$509	482.6 bp −$48.3K	803.5 bp −$401.8K

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]long	L −1.1224% / S +0.0193%	1h	0.04708	long leg	$18	—	100x
Hyperliquid MOODENG	+0.0100%	1h	0.04707	−0.017%	$452K	$466K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04708	+0.008%	$10K	$34K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04701	−0.144%	$1.5M	$4.7M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04696	−0.251%	$2.0M	$5.2M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04704	−0.081%	$564K	$875K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04704	−0.081%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04703	−0.107%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04703	−0.092%	$418K	$3.0M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04817	+2.320%	$2K	$2.0M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOODENGUSDT	+0.0100%	4h	0.04704	−0.081%	$2.6M	$13.1M	50x	as long as short
MEXC MOODENG_USDT	+0.0106%	4h	0.04702	−0.123%	$886K	$333K	50x	as long as short
BloFin MOODENG-USDT	+0.0144%	4h	0.04713	+0.110%	$178K	$126K	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0160%	1h	0.04708	+0.004%	$31K	$678K	25x	as long as short
Bitget MOODENGUSDT	+0.0286%	4h	0.04703	−0.102%	$1.3M	$1.3M	50x	as long as short
BingX MOODENG-USDTshort	+0.0322%	4h	0.04701	−0.144%	—	$6.8M	—
Kraken Futures PF_MOODENGUSD	+0.0913%	1h	0.04701	−0.147%	$64K	$143K	20x	as long as short