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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Nado against ApeX Omni+0.520%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$640.638% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.520%, 7d avg +0.135%
Together, before fees−0.365%+ Points / potential airdropNado: Active · farm board−$36 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: Nado is 0.385% dearer against ApeX Omni than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of +0.135%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni MONUSDT0.025410.0100pay 0.0013% / 1h26m 48s$68K$493K50x
ShortNado MON-PERP0.025540.0100get 0.0012% / 1h26m 48s$411K$546K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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
Price spread: +0.520% → +0.135%
$38.52
Slippage, 4 orders
−$46.82
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$25.3
Costs to cover
0.638%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 41 min ago; Nado: live order book, 41 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, 41 min ago13.51 bp22.3 bp −$22114.1 bp −$1,141doesn't fitdoesn't fit
Sell Nado live order book, 41 min ago0.58 bp10.2 bp −$10doesn't fitdoesn't fitdoesn't fit

MON on 32 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−0.0388%1h0.02522−0.748%$5K$1085.5xas long as short
Bybit MONUSDT−0.0080%8h0.02551+0.394%$21.0M$12.8M50xas long as short
01 Exchange MONUSD−0.0008%1h0.02551+0.413%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02543+0.079%$13K$349K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02553+0.472%$69K$125K25xas long as short
Orderly PERP_MON_USDC+0.0061%4h0.02553+0.472%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02554+0.512%$851K$742K10xas long as short
Paradex MON-USD-PERP+0.0097%8h0.02553+0.482%$8K$425xas long as short
Nado MON-PERPshort+0.0100%1h0.02554+0.520%$411K$546K10x
Hyperliquid MON+0.0100%1h0.02555+0.539%$34.6M$7.7M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02553+0.474%$102K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02551+0.396%$13K5xas long as short
Pacifica MON+0.0100%1h0.02553+0.457%$141K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02552+0.449%$24.3M$26.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02551+0.394%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02521−0.802%$105K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02553+0.472%$957K$904K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02553+0.472%$2.9M$744K75xas long as short
Bitget MONUSDT+0.0100%4h0.02552+0.433%$2.7M$2.0M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02555+0.555%$121K$156K10xas long as short
Variational Omni MON+0.0100%8h0.02533−0.311%$753K$419Kas long as short
edgeX MONUSDC+0.0100%4h0.02540−0.053%$43K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02539−0.079%$570K$1.5M10xas long as short
ApeX Omni MONUSDTlong+0.0100%1h0.02541long leg$68K$493K50x
SoDEX MON-USD+0.0100%1h0.02553+0.472%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02555+0.540%$51K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02552+0.453%$39K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02553+0.464%$9K50xas long as short
Aftermath Perps MONUSD+0.0361%1h0.02539−0.061%$3K$77K10xas long as short
Perpl MON+0.0447%43m0.02554+0.516%$156K$2.2M10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02553+0.488%$112K$52K50xas long as short
Kraken Futures PF_MONUSD+0.0837%1h0.02554+0.529%$278K$88K10xas long as short