Funding arb · Price arb /

MOODENG

all MOODENG markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0293%/8h= −32.1% APRpaid last 24h −0.083%

Price spread now: GMX against SunX−2.377%7-day average — · you buy dearer than you sell

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

Long on SunX Short on GMX

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

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and GMX is 2.377% cheaper against SunX than usual: you would sell low and buy high (−$238 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX MOODENG-USDT	0.04818	0.0100	pay 0.0050% / 4h	2h 29m	$2K	$2.0M	20x
Short	GMX MOODENG/USD [WBTC.b-USDC]	0.04704	L −1.1224% / S +0.0193%	pay 0.0024% / 1h	29m 58s	$18	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against SunX. 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 SunXbpFee GMXbpOrdersPrice spread, now −2.377%Rate

Funding earned: −$61.57
Price spread: −2.377% → 0.000%: −$237.65
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$319.22
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; GMX: no order-book sample. 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	231.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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]short	L −1.1224% / S +0.0193%	1h	0.04704	−2.377%	$18	—	100x
Hyperliquid MOODENG	+0.0100%	1h	0.04717	−2.096%	$453K	$466K	3x	as long as short
Aster MOODENGUSDT	+0.0100%	4h	0.04706	−2.334%	$10K	$34K	5x	as long as short
Bybit MOODENGUSDT	+0.0100%	4h	0.04706	−2.325%	$1.5M	$4.7M	50x	as long as short
OKX MOODENG-USDT-SWAP	+0.0100%	4h	0.04712	−2.200%	$2.0M	$5.2M	20x	as long as short
Gate MOODENG_USDT	+0.0100%	4h	0.04702	−2.408%	$564K	$875K	50x	as long as short
KuCoin MOODENGUSDTM	+0.0100%	4h	0.04706	−2.325%	$1.8M	$3.0M	50x	as long as short
Variational Omni MOODENG	+0.0100%	4h	0.04703	−2.392%	$9K	$32K	—	as long as short
GRVT MOODENG_USDT_Perp	+0.0100%	4h	0.04704	−2.370%	$418K	$3.0M	10x	as long as short
SunX MOODENG-USDTlong	+0.0100%	4h	0.04818	long leg	$2K	$2.0M	20x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC MOODENG_USDT	+0.0106%	4h	0.04713	−2.179%	$888K	$333K	50x	as long as short
Binance MOODENGUSDT	+0.0108%	4h	0.04715	−2.142%	$2.6M	$13.1M	50x	as long as short
ApeX Omni MOODENGUSDT	+0.0160%	1h	0.04708	−2.283%	$31K	$678K	25x	as long as short
BloFin MOODENG-USDT	+0.0162%	4h	0.04705	−2.345%	$179K	$125K	50x	as long as short
Bitget MOODENGUSDT	+0.0290%	4h	0.04712	−2.200%	$1.3M	$1.3M	50x	as long as short
BingX MOODENG-USDT	+0.0322%	4h	0.04709	−2.262%	—	$6.8M	—	as long as short
Kraken Futures PF_MOODENGUSD	+0.0912%	1h	0.04707	−2.294%	$64K	$143K	20x	as long as short