Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.065%

Price spread now: KuCoin against ApeX Omni+0.280%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1381.382% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.280%, 7d avg +0.070%

Together, before fees−0.162%−$16 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: KuCoin is 0.209% dearer against ApeX Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MONUSDT	0.02503	0.0100	pay 0.0013% / 1h	15m 31s	$68K	$530K	50x
Short	KuCoin MONUSDTM	0.02510	0.0100	get 0.0050% / 4h	2h 15m	$2.9M	$764K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.280%Rate

Funding earned: $0
Price spread: +0.280% → +0.070%: $20.93
Slippage, 4 orders: −$116.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$117.26
Costs to cover: 1.382%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; KuCoin: live order book, 2 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, 32 min ago	10.02 bp	21.5 bp −$21	116.7 bp −$1,167	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	13.96 bp	47.3 bp −$47	455.0 bp −$4,550	doesn't fit	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
Backpack MON_USDC_PERP	−0.0104%	1h	0.02507	+0.164%	$114K	$154K	10x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02503	0.000%	$20.6M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02499	−0.144%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02506	+0.136%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02507	+0.164%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.559%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02506	+0.120%	$16K	$48K	10x	as long as short
Aftermath Perps MONUSD	+0.0090%	1h	0.02493	−0.415%	$6K	$92K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02507	+0.160%	$817K	$767K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02505	+0.097%	$8K	$42	5x	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	0.02509	+0.232%	$411K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02508	+0.216%	$33.6M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02507	+0.152%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02506	+0.123%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02507	+0.156%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02506	+0.120%	$23.8M	$27.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02507	+0.160%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−0.939%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02505	+0.080%	$940K	$1.0M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02510	+0.280%	$2.9M	$764K	75x
Bitget MONUSDT	+0.0100%	4h	0.02507	+0.160%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02503	−0.016%	$739K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02501	−0.091%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	−0.040%	$556K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02503	long leg	$68K	$530K	50x
SoDEX MON-USD	+0.0100%	1h	0.02505	+0.080%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02509	+0.228%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02506	+0.100%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02506	+0.124%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.120%	$1.3M	$347K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02507	+0.172%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02511	+0.332%	$110K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1015%	1h	0.02508	+0.191%	$269K	$119K	10x	as long as short