Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Binance+0.039%90s7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$670.667% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.039%, 7d avg −0.031%

Together, before fees−0.063%+ Points / potential airdropedgeX: Active · farm board−$6 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: edgeX is 0.069% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.031%. The two prices were read 90 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	0.02547	0.0100	pay 0.0050% / 4h	2h 53m	$24.3M	$25.7M	75x
Short	edgeX MONUSDC	0.02548	0.0100	get 0.0050% / 4h	2h 53m	$44K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.031%: $6.94
Slippage, 4 orders: −$47.72
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$59.78
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; edgeX: 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 edgeX live order book, 13 min ago	7.72 bp	20.0 bp −$20	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	−0.070%	$68K	$489K	50x	as long as short
Injective MON/USDC PERP	−0.0388%	1h	0.02541	−0.227%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0096%	1h	0.02538	−0.333%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02549	+0.095%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02545	−0.066%	$69K	$119K	25x	as long as short
Bybit MONUSDT	+0.0055%	8h	0.02545	−0.070%	$21.2M	$12.3M	50x	as long as short
Orderly PERP_MON_USDC	+0.0059%	4h	0.02542	−0.188%	$16K	$59K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02540	−0.274%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02549	+0.087%	$849K	$740K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02547	−0.004%	$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	0.02547	+0.009%	$106K	$227K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02544	−0.116%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02543	−0.148%	$141K	$103K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02547	long leg	$24.3M	$25.7M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02546	−0.031%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	−0.052%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02546	−0.031%	$956K	$884K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02547	+0.009%	$2.9M	$740K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02549	+0.087%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02552	+0.213%	$119K	$161K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02538	−0.340%	$764K	$411K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02548	+0.039%	$44K	$247K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02548	+0.048%	$572K	$1.5M	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02548	+0.048%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02552	+0.197%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02547	−0.011%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02543	−0.164%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02541	−0.227%	$1.4M	$308K	75x	as long as short
Aftermath Perps MONUSD	+0.0348%	1h	0.02556	+0.360%	$4K	$74K	10x	as long as short
Hyperliquid MON	+0.0377%	1h	0.02554	+0.295%	$34.8M	$7.5M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02544	−0.121%	$115K	$2.1M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02545	−0.078%	$111K	$51K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0838%	1h	0.02553	+0.229%	$278K	$88K	10x	as long as short