Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0437%/8h= +47.9% APRpaid last 24h +0.132%

Price spread now: ApeX Omni against SunX−2.318%73s7-day average −2.180% · you buy dearer than you sell

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

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now −2.318%, 7d avg −2.180%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.138% cheaper against SunX than usual: you would sell low and buy high (spread −2.318% now, against its 7-day average of −2.180%). If the spread goes back, that is −$14 on $10k: about 25 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.206% in total) that is about 4.7 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.206% in total (about 10.8% 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	SunX MOODENG-USDT	0.04919	0.0100	pay 0.0050% / 4h	19m 45s	$2K	$1.9M	20x
Short	ApeX Omni MOODENGUSDT	0.04805	0.0537	get 0.0067% / 1h	19m 45s	$23K	$654K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −2.318%Rate

Funding earned: $91.81
Price spread: −2.318% → −2.180%: −$13.77
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $60.04
Costs to cover: 0.180%
Break-even: 2.4 days

Slippage unknown: SunX: live order book, 6 min ago; ApeX Omni: live order book, 58 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 SunX live order book, 6 min ago	246.32 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	11.46 bp	19.8 bp −$20	152.1 bp −$1,521	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	0.04809	−2.226%	$19	—	100x	as long as short
BloFin MOODENG-USDT	+0.0070%	4h	0.04806	−2.297%	$181K	$139K	50x	as long as short
Hyperliquid MOODENG	+0.0100%	1h	0.04819	−2.041%	$468K	$411K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04813	−2.154%	$10K	$32K	5x	as long as short
Binance MOODENGUSDT	+0.0100%	4h	0.04815	−2.111%	$2.6M	$11.2M	50x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04812	−2.175%	$1.7M	$4.2M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04812	−2.175%	$2.1M	$4.6M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04810	−2.216%	$572K	$796K	50x	as long as short
MEXC MOODENG_USDT	+0.0100%	4h	0.04815	−2.114%	$964K	$319K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04809	−2.236%	$1.8M	$2.9M	50x	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	+0.0100%	4h	0.04810	−2.209%	$8K	$30K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04815	−2.124%	$422K	$2.2M	10x	as long as short
SunX MOODENG-USDTlong	+0.0100%	4h	0.04919	long leg	$2K	$1.9M	20x
Bitget MOODENGUSDT	+0.0234%	4h	0.04820	−2.013%	$1.3M	$1.2M	50x	as long as short
BingX MOODENG-USDT	+0.0246%	4h	0.04814	−2.135%	—	$6.7M	—	as long as short
ApeX Omni MOODENGUSDTshort	+0.0537%	1h	0.04805	−2.318%	$23K	$654K	25x
Kraken Futures PF_MOODENGUSD	+0.6732%	1h	0.04843	−1.540%	$66K	$113K	20x	as long as short