Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: edgeX against Aevo−0.093%72s7-day average — · you buy dearer than you sell

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

Long on Aevo Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.093% cheaper against Aevo than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 72 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo MON-PERP	0.02578	0.0104	pay 0.0013% / 1h	49m 40s	$39K	—	3x
Short	edgeX MONUSDC	0.02576	0.0100	get 0.0050% / 4h	2h 49m	$47K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Aevo. 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 AevobpFee edgeXbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$0.84
Price spread: −0.093% → 0.000%: −$9.29
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$35.13
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; edgeX: live order book, 37 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 Aevo no order-book sample	—	—	—	—	—
Sell edgeX live order book, 37 min ago	11.63 bp	23.3 bp −$23	doesn't fit	doesn't fit	doesn't fit

Aevo: 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.

MON on 33 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
Injective MON/USDC PERP	−0.0739%	1h	0.02587	+0.349%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0128%	1h	0.02578	−0.012%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02574	−0.171%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02581	+0.132%	$63K	$110K	25x	as long as short
Bybit MONUSDT	+0.0004%	8h	0.02577	−0.019%	$21.5M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02579	+0.039%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02580	+0.078%	$845K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02578	+0.004%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02581	+0.129%	$348K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02583	+0.182%	$34.8M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02580	+0.084%	$107K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02580	+0.074%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02580	+0.089%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02580	+0.073%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02575	−0.116%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02575	−0.116%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02580	+0.078%	$1.0M	$926K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02580	+0.078%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−0.213%	$773K	$405K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02576	−0.093%	$47K	$242K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02587	+0.367%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	−0.078%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02578	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02581	+0.102%	$52K	$407K	10x	as long as short
Aevo MON-PERPlong	+0.0104%	1h	0.02578	long leg	$39K	—	3x
BloFin MON-USDT	+0.0123%	4h	0.02572	−0.233%	$1.4M	$241K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02582	+0.160%	$262K	$63K	10x	as long as short
Backpack MON_USDC_PERP	+0.0213%	1h	0.02580	+0.078%	$137K	$138K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0313% / S −0.1052%	1h	0.02581	+0.116%	$13K	—	50x	as long as short
KuCoin MONUSDTM	+0.0352%	4h	0.02584	+0.233%	$3.1M	$790K	75x	as long as short
Aftermath Perps MONUSD	+0.0412%	1h	0.02584	+0.242%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02579	+0.050%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.835%	$115K	$51K	50x	as long as short