Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.013%

Price spread now: BloFin against ApeX Omni−0.077%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 3 days (all we have)+0.588%+$59 · spread now −0.077%, 7d avg +0.020%

Together, before fees+0.809%+$81 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.097% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.020%). If the spread goes back, that is −$10 on $10k: about 32 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.221% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MONUSDT	0.02590	0.0100	pay 0.0013% / 1h	38m 05s	$69K	$480K	50x
Short	BloFin MON-USDT	0.02588	0.0340	get 0.0170% / 4h	1h 38m	$1.4M	$294K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $50.4
Price spread: −0.077% → +0.020%: −$9.74
Slippage, 4 orders: −$54.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$36.21
Costs to cover: 0.769%
Break-even: 12.0 days

Slippage from ApeX Omni: live order book, 45 min ago; BloFin: live order book, 4 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 ApeX Omni live order book, 45 min ago	9.61 bp	19.8 bp −$20	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	5.79 bp	20.6 bp −$21	51.1 bp −$511	179.4 bp −$17.9K	doesn't fit

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
Deribit MON_USDC-PERPETUAL	−0.0175%	1h	0.02587	−0.108%	$70K	$119K	25x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	−0.309%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0039%	8h	0.02581	−0.332%	$21.5M	$11.7M	50x	as long as short
01 Exchange MONUSD	−0.0008%	1h	0.02589	−0.023%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02590	+0.008%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02590	−0.004%	$144K	$1.8M	10x	as long as short
Aftermath Perps MONUSD	+0.0029%	1h	0.02590	−0.013%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02587	−0.116%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0077%	8h	0.02588	−0.096%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02587	−0.116%	$857K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02592	+0.093%	$389K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02587	−0.104%	$35.0M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02588	−0.067%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02593	+0.121%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02590	0.000%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02584	−0.250%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.347%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	−0.177%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02589	−0.039%	$1.0M	$863K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02586	−0.154%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02587	−0.108%	$780K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02589	−0.040%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02592	+0.062%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02590	long leg	$69K	$480K	50x
SoDEX MON-USD	+0.0100%	1h	0.02585	−0.193%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02593	+0.111%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02584	−0.216%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02587	−0.107%	$267K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02590	+0.008%	$9K	—	50x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02588	−0.077%	$1.4M	$294K	75x
KuCoin MONUSDTM	+0.0350%	4h	0.02593	+0.116%	$3.2M	$727K	75x	as long as short
Backpack MON_USDC_PERP	+0.0383%	1h	0.02586	−0.143%	$138K	$136K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+0.645%	$114K	$49K	50x	as long as short