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: ApeX Omni against Binance+0.212%49s7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$770.768% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.230%−$23 · spread now +0.212%, 7d avg +0.016%

Together, before fees−0.268%−$27 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: ApeX Omni is 0.197% dearer against Binance than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.016%. The two prices were read 49 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	Binance MONUSDT	0.02570	0.0100	pay 0.0050% / 4h	28m 42s	$24.5M	$25.4M	75x
Short	ApeX Omni MONUSDT	0.02575	0.0100	get 0.0013% / 1h	28m 42s	$69K	$481K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → +0.016%: $19.67
Slippage, 4 orders: −$56.84
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.18
Costs to cover: 0.768%
Break-even: never at this rate

Slippage from Binance: live order book, 12 min ago; ApeX Omni: live order book, 49 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 Binance live order book, 12 min ago	1.93 bp	18.8 bp −$19	55.1 bp −$551	475.5 bp −$47.5K	doesn't fit
Sell ApeX Omni live order book, 49 min ago	13.59 bp	22.7 bp −$23	119.4 bp −$1,194	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	+0.251%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0072%	1h	0.02569	−0.021%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0033%	8h	0.02566	−0.122%	$21.3M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.259%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02572	+0.096%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02571	+0.057%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0085%	1h	0.02575	+0.225%	$2K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02568	−0.055%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02570	+0.018%	$853K	$793K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02574	+0.154%	$392K	$544K	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	0.02574	+0.177%	$34.8M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02570	+0.028%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02570	+0.012%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02570	+0.018%	$142K	$105K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02570	long leg	$24.5M	$25.4M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02567	−0.099%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	+0.018%	$108K	$390	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02569	−0.021%	$978K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02571	+0.057%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02571	+0.061%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02568	−0.052%	$778K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	+0.172%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02573	+0.135%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02575	+0.212%	$69K	$481K	50x
SoDEX MON-USD	+0.0100%	1h	0.02571	+0.057%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02573	+0.136%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02571	+0.041%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0254%	4h	0.02574	+0.174%	$3.0M	$716K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02569	−0.002%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02570	+0.018%	$1.4M	$308K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0420%	1h	0.02575	+0.219%	$270K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02572	+0.096%	$126K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.532%	$115K	$50K	50x	as long as short