Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against ApeX Omni+0.008%88s7-day average −0.124% · you sell dearer than you buy

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.037%−$4 on $10k

Price spread, last 3 days (all we have)−0.108%−$11 · spread now +0.008%, 7d avg −0.124%

Together, before fees−0.145%+ Points / potential airdropVariational Omni: Active · farm board−$15 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: Variational Omni is 0.132% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.124%. The two prices were read 88 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	ApeX Omni MONUSDT	0.02576	0.0100	pay 0.0013% / 1h	32m 02s	$69K	$481K	50x
Short	Variational Omni MON	0.02576	0.0100	get 0.0100% / 8h	32m 02s	$779K	$408K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.124%: $13.21
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.21
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 46 min ago; Variational Omni: RFQ quote, 47 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 ApeX Omni live order book, 46 min ago	13.59 bp	22.5 bp −$22	124.9 bp −$1,249	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 47 min ago	9.72 bp	doesn't fit	138.0 bp −$1,380	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
Injective MON/USDC PERP	−0.0121%	1h	0.02576	0.000%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0056%	1h	0.02575	−0.027%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0032%	8h	0.02569	−0.272%	$21.3M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02578	+0.078%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02577	+0.023%	$126K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02574	−0.097%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0069%	4h	0.02574	−0.078%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0089%	1h	0.02579	+0.127%	$2K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02573	−0.101%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02573	−0.116%	$854K	$793K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02575	−0.058%	$34.8M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02572	−0.169%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02575	−0.043%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02575	−0.027%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02571	−0.206%	$24.5M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02569	−0.272%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	+0.344%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02572	−0.155%	$979K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02572	−0.155%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02574	−0.093%	$128K	$141K	10x	as long as short
Variational Omni MONshort	+0.0100%	8h	0.02576	+0.008%	$779K	$408K	—
edgeX MONUSDC	+0.0100%	4h	0.02579	+0.112%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02579	+0.102%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02576	long leg	$69K	$481K	50x
Nado MON-PERP	+0.0100%	1h	0.02578	+0.090%	$393K	$544K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02572	−0.155%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02575	−0.044%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02573	−0.113%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02576	−0.019%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0266%	4h	0.02579	+0.116%	$3.0M	$716K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02572	−0.155%	$1.4M	$308K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0420%	1h	0.02575	−0.056%	$270K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.277%	$115K	$50K	50x	as long as short