Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0918%/8h= +100.5% APRpaid last 24h +0.062%

Price spread now: Hyperliquid against OKX+0.034%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$720.716% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.034%, 7d avg +0.050%

Together, before fees+0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.050%, so right now this pair is about funding alone: +$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% 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	OKX MOODENG-USDT-SWAP	0.04764	0.0100	pay 0.0050% / 4h	1h 33m	$2.1M	$4.8M	20x
Short	Hyperliquid MOODENG	0.04766	0.1018	get 0.0127% / 1h	33m 38s	$473K	$416K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.034%Rate

Funding earned: $192.78
Price spread: +0.034% → +0.050%: −$1.61
Slippage, 4 orders: −$52.61
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $119.56
Costs to cover: 0.716%
Break-even: 2.7 days

Slippage from OKX: live order book, 4 min ago; Hyperliquid: live order book, 67 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 OKX live order book, 4 min ago	2.11 bp	16.3 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 67 min ago	1.48 bp	21.5 bp −$22	doesn't fit	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	0.04747	−0.359%	$18	—	100x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04753	−0.229%	$10K	$32K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04764	0.000%	$1.6M	$4.4M	50x	as long as short
OKX MOODENG-USDT-SWAPlong	+0.0100%	4h	0.04764	long leg	$2.1M	$4.8M	20x
Gate MOODENG_USDT	+0.0100%	4h	0.04747	−0.357%	$570K	$833K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04752	−0.252%	$1.7M	$2.9M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04757	−0.145%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04766	+0.042%	$416K	$2.4M	10x	as long as short
SunX MOODENG-USDT	+0.0100%	4h	0.04855	+1.910%	$2K	$1.9M	20x	as long as short
MEXC MOODENG_USDT	+0.0126%	4h	0.04760	−0.084%	$917K	$328K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MOODENGUSDT	+0.0144%	4h	0.04767	+0.058%	$2.6M	$11.7M	50x	as long as short
BloFin MOODENG-USDT	+0.0153%	4h	0.04746	−0.378%	$180K	$120K	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0691%	1h	0.04763	−0.021%	$22K	$664K	25x	as long as short
BingX MOODENG-USDT	+0.0742%	4h	0.04766	+0.042%	—	$6.7M	—	as long as short
Bitget MOODENGUSDT	+0.0798%	4h	0.04771	+0.147%	$1.3M	$1.2M	50x	as long as short
Hyperliquid MOODENGshort	+0.1018%	1h	0.04766	+0.034%	$473K	$416K	3x
Kraken Futures PF_MOODENGUSD	+0.2844%	1h	0.04756	−0.169%	$63K	$117K	20x	as long as short