Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h −0.014%

Price spread now: BingX against Hyperliquid−0.098%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

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

costs, in and out, $10k−$760.764% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.028%−$3 · spread now −0.098%, 7d avg −0.032%

Together, before fees−0.017%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and BingX is 0.066% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid MOODENG	0.04773	0.0251	pay 0.0031% / 1h	26m 28s	$465K	$416K	3x
Short	BingX MOODENG-USDT	0.04768	0.0162	get 0.0081% / 4h	2h 26m	—	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$18.77
Price spread: −0.098% → −0.032%: −$6.64
Slippage, 4 orders: −$57.4
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$101.81
Costs to cover: 0.764%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 58 min ago; BingX: live order book, 6 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 Hyperliquid live order book, 58 min ago	2.11 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	4.22 bp	24.9 bp −$25	62.8 bp −$628	527.2 bp −$52.7K	799.3 bp −$399.6K

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	0.04756	−0.356%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04751	−0.464%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04773	+0.006%	$2.6M	$11.0M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04772	−0.015%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04770	−0.057%	$2.1M	$4.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04747	−0.538%	$571K	$765K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04771	−0.036%	$900K	$300K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04767	−0.119%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04753	−0.407%	$7K	$29K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04752	−0.425%	$423K	$2.2M	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX MOODENG-USDT	+0.0100%	4h	0.04868	+1.997%	$2K	$1.8M	20x	as long as short
BloFin MOODENG-USDT	+0.0155%	4h	0.04764	−0.182%	$180K	$133K	50x	as long as short
BingX MOODENG-USDTshort	+0.0162%	4h	0.04768	−0.098%	—	$6.7M	—
Bitget MOODENGUSDT	+0.0182%	4h	0.04776	+0.069%	$1.2M	$1.2M	50x	as long as short
Hyperliquid MOODENGlong	+0.0251%	1h	0.04773	long leg	$465K	$416K	3x
ApeX Omni MOODENGUSDT	+0.0648%	1h	0.04750	−0.476%	$22K	$641K	25x	as long as short
Kraken Futures PF_MOODENGUSD	+0.9924%	1h	0.04801	+0.599%	$67K	$101K	20x	as long as short