Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against ApeX Omni+0.342%112s7-day average +0.095% · you sell dearer than you buy
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$960.960% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.055%+$6 on $10k
Price spread, last 3 days (all we have)−0.611%−$61 · spread now +0.342%, 7d avg +0.095%
Together, before fees−0.555%+ Points / potential airdropExtended: Active · farm board−$56 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.247% dearer against ApeX Omni than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.095%. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MONUSDT0.025780.0100pay 0.0013% / 1h47m 42s$69K$482K50x
ShortExtended MON-USD0.025870.0104get 0.0013% / 1h47m 42s$52K$407K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.342% → +0.095%
$24.68
Slippage, 4 orders
−$81.04
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$70.53
Costs to cover
0.960%
Break-even
594.7 days
Slippage from ApeX Omni: live order book, 40 min ago; Extended: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 40 min ago11.64 bp21.0 bp −$21108.5 bp −$1,085doesn't fitdoesn't fit
Sell Extended live order book, 40 min ago3.88 bp25.8 bp −$26241.7 bp −$2,417doesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0739%1h0.02587+0.349%$6K$1075.5xas long as short
01 Exchange MONUSD−0.0112%1h0.02587+0.345%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02579+0.058%$13K$384K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02585+0.256%$63K$110K25xas long as short
Bybit MONUSDT+0.0010%8h0.02583+0.194%$21.6M$11.8M50xas long as short
BloFin MON-USDT+0.0066%4h0.02579+0.039%$1.4M$242K75xas long as short
Orderly PERP_MON_USDC+0.0092%4h0.02583+0.194%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.02586+0.310%$847K$753K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02585+0.275%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02584+0.230%$348K$535K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02587+0.334%$34.8M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02584+0.229%$108K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02585+0.272%$13K5xas long as short
Pacifica MON+0.0100%1h0.02584+0.244%$143K$107K3xas long as short
Binance MONUSDT+0.0100%4h0.02583+0.194%$24.5M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02583+0.194%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02575−0.116%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02584+0.233%$1.0M$927K50xas long as short
Bitget MONUSDT+0.0100%4h0.02585+0.272%$2.7M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02573−0.213%$773K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02576−0.093%$47K$242K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02577−0.020%$579K$1.5M10xas long as short
ApeX Omni MONUSDTlong+0.0100%1h0.02578long leg$69K$482K50x
SoDEX MON-USD+0.0100%1h0.02583+0.194%$5K$6K5xas long as short
Extended MON-USDshort+0.0104%1h0.02587+0.342%$52K$407K10x
Aevo MON-PERP+0.0104%1h0.02582+0.155%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0132%1h0.02586+0.310%$263K$63K10xas long as short
Backpack MON_USDC_PERP+0.0243%1h0.02584+0.237%$137K$137K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.1052%1h0.02583+0.206%$13K50xas long as short
KuCoin MONUSDTM+0.0354%4h0.02591+0.504%$3.2M$789K75xas long as short
Aftermath Perps MONUSD+0.0398%1h0.02583+0.198%$2K$73K10xas long as short
Perpl MON+0.0447%43m0.02582+0.167%$145K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0648%1h0.02625+1.835%$115K$51K50xas long as short