MOODENG arbitrage explained
Right now Moo Deng (MOODENG) trades on 10 venues we scan: 10 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on OKX perp at $0.0427 and the highest bid on MEXC perp at $0.0428.
The widest MOODENG perpetual spread is between OKX and MEXC: long MOODENG on OKX at $0.0427 and short on MEXC at $0.0428 for +0.05% gross, or -0.11% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.117% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best MOODENG route is to buy spot on OKX and short the perpetual on MEXC: -0.07% gross, -0.27% net, with +0.030% a day of funding on the short leg.
Spot–spot MOODENG arbitrage (buy on OKX, withdraw, deposit and sell on Bitget) shows -0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small MOODENG gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: MOODENG funding rates · MOODENG spread charts · Moo Deng price · arbitrage scanner for all coins.