Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −1.199%

Price spread now: Bybit against Kraken Futures+0.053%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$320as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1361.363% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−1.837%−$184 on $10k

Price spread, last 4 days (all we have)+0.187%+$19 · spread now +0.053%, 7d avg −0.032%

Together, before fees−1.650%−$165 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.085% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.032%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−1.837% in total) that is about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MOODENGUSD	0.04776	0.0176	pay 0.0022% / 1h	49m 58s	$65K	$147K	20x
Short	Bybit MOODENGUSDT	0.04779	0.0100	get 0.0050% / 4h	1h 49m	$1.6M	$4.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Kraken Futures. 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 Kraken FuturesbpFee BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$15.93
Price spread: +0.053% → −0.032%: $8.5
Slippage, 4 orders: −$115.27
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.71
Costs to cover: 1.363%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 57 min ago; Bybit: live order book, 3 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 Kraken Futures live order book, 57 min ago	15.76 bp	41.4 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	4.20 bp	22.2 bp −$22	45.4 bp −$454	doesn't fit	doesn't fit

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	0.04780	+0.078%	$18	—	100x	as long as short
Hyperliquid MOODENG	+0.0100%	1h	0.04788	+0.252%	$453K	$474K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04773	−0.079%	$10K	$34K	5x	as long as short
Bybit MOODENGUSDTshort	+0.0100%	4h	0.04779	+0.053%	$1.6M	$4.8M	50x
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04778	+0.032%	$2.1M	$5.4M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04770	−0.136%	$581K	$887K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04779	+0.053%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04765	−0.236%	$9K	$32K	—	as long as short
ApeX Omni MOODENGUSDT	+0.0100%	1h	0.04762	−0.303%	$31K	$680K	25x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04897	+2.523%	$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
GRVT MOODENG_USDT_Perp	+0.0122%	4h	0.04764	−0.269%	$414K	$3.1M	10x	as long as short
BloFin MOODENG-USDT	+0.0151%	4h	0.04757	−0.408%	$181K	$111K	50x	as long as short
MEXC MOODENG_USDT	+0.0160%	4h	0.04782	+0.116%	$912K	$336K	50x	as long as short
Binance MOODENGUSDT	+0.0162%	4h	0.04782	+0.116%	$2.7M	$13.3M	50x	as long as short
Kraken Futures PF_MOODENGUSDlong	+0.0176%	1h	0.04776	long leg	$65K	$147K	20x
Bitget MOODENGUSDT	+0.0220%	4h	0.04792	+0.325%	$1.3M	$1.3M	50x	as long as short
BingX MOODENG-USDT	+0.0228%	4h	0.04783	+0.137%	—	$6.8M	—	as long as short