Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0644%/8h= +70.5% APRpaid last 24h +0.222%

Price spread now: Coinbase International against Binance+0.318%7-day average +0.507% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$311as in the Price arb table

costs, in and out, $10k−$2922.919% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.932%+$93 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now +0.318%, 7d avg +0.507%

Together, before fees+1.073%+$107 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.189% cheaper against Binance than usual: you would sell low and buy high (spread +0.318% now, against its 7-day average of +0.507%). If the spread goes back, that is −$19 on $10k: about 23 hours of funding at the current rate (+$19 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MONUSDT	0.02540	0.0100	pay 0.0050% / 4h	2h 54m	$24.3M	$25.7M	75x
Short	Coinbase International MON-PERP-INTX	0.02548	0.0744	get 0.0093% / 1h	54m 31s	$111K	$51K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.318%Rate

Funding earned: $135.24
Price spread: +0.318% → +0.507%: −$18.88
Slippage, 4 orders: −$271.94
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$175.58
Costs to cover: 2.919%
Break-even: 16.1 days

Slippage from Binance: live order book, 2 min ago; Coinbase International: live order book, 13 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, 2 min ago	1.97 bp	16.0 bp −$16	52.1 bp −$521	485.0 bp −$48.5K	doesn't fit
Sell Coinbase International live order book, 13 min ago	29.90 bp	145.3 bp −$145	doesn't fit	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
ApeX Omni MONUSDT	−0.0850%	1h	0.02545	+0.215%	$68K	$489K	50x	as long as short
Injective MON/USDC PERP	−0.0388%	1h	0.02541	+0.058%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0096%	1h	0.02538	−0.048%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02549	+0.381%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02541	+0.050%	$69K	$119K	25x	as long as short
Bybit MONUSDT	+0.0055%	8h	0.02535	−0.178%	$21.1M	$12.3M	50x	as long as short
Orderly PERP_MON_USDC	+0.0060%	4h	0.02539	−0.021%	$16K	$58K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02540	+0.010%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02544	+0.176%	$848K	$740K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02547	+0.282%	$403K	$537K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02543	+0.149%	$106K	$227K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02544	+0.169%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02543	+0.137%	$141K	$103K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02540	long leg	$24.3M	$25.7M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02539	−0.021%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	+0.233%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02542	+0.097%	$955K	$884K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02543	+0.137%	$2.9M	$740K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02543	+0.137%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02544	+0.196%	$120K	$160K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02538	−0.056%	$764K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02548	+0.324%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02548	+0.334%	$572K	$1.5M	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02540	+0.019%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02546	+0.259%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02539	−0.041%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02540	+0.026%	$8K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0334%	1h	0.02559	+0.771%	$4K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02541	+0.058%	$1.4M	$308K	75x	as long as short
Hyperliquid MON	+0.0360%	1h	0.02546	+0.247%	$34.7M	$7.5M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02544	+0.164%	$115K	$2.1M	10x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0744%	1h	0.02548	+0.318%	$111K	$51K	50x
Kraken Futures PF_MONUSD	+0.0841%	1h	0.02543	+0.128%	$277K	$88K	10x	as long as short