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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Binance+0.234%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$800.801% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.234%, 7d avg +0.111%
Together, before fees−0.124%+ Points / potential airdropExtended: Active · farm board−$12 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: Extended is 0.123% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MONUSDT0.025420.0100pay 0.0050% / 4h2h 55m$24.3M$25.7M75x
ShortExtended MON-USD0.025480.0104get 0.0013% / 1h55m 29s$49K$520K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.234% → +0.111%
$12.27
Slippage, 4 orders
−$65.14
Fee Binance: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$67.03
Costs to cover
0.801%
Break-even
565.6 days
Slippage from Binance: live order book, 1 min ago; Extended: live order book, 12 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 Binance live order book, 1 min ago1.97 bp16.0 bp −$1652.1 bp −$521485.0 bp −$48.5Kdoesn't fit
Sell Extended live order book, 12 min ago3.86 bp25.6 bp −$26188.8 bp −$1,888doesn't fitdoesn't fit

MON on 33 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
ApeX Omni MONUSDT−0.0850%1h0.02545+0.124%$68K$489K50xas long as short
Injective MON/USDC PERP−0.0388%1h0.02570+1.108%$6K$1055.5xas long as short
01 Exchange MONUSD−0.0096%1h0.02538−0.136%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02549+0.289%$13K$349K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02543+0.045%$69K$119K25xas long as short
Orderly PERP_MON_USDC+0.0060%4h0.02543+0.045%$16K$57K10xas long as short
Bybit MONUSDT+0.0062%8h0.02537−0.191%$21.1M$12.3M50xas long as short
Paradex MON-USD-PERP+0.0094%8h0.02543+0.047%$8K$425xas long as short
Lighter MON+0.0096%1h0.02544+0.085%$847K$740K10xas long as short
Nado MON-PERP+0.0100%1h0.02546+0.159%$403K$537K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02544+0.092%$106K$227K10xas long as short
dYdX MON-USD+0.0100%1h0.02544+0.078%$13K5xas long as short
Pacifica MON+0.0100%1h0.02544+0.085%$141K$103K3xas long as short
Binance MONUSDTlong+0.0100%4h0.02542long leg$24.3M$25.7M75x
OKX MON-USDT-SWAP+0.0100%4h0.02538−0.151%$4.3M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02545+0.141%$106K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02543+0.045%$955K$884K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02544+0.085%$2.9M$739K75xas long as short
Bitget MONUSDT+0.0100%4h0.02544+0.085%$2.7M$2.0M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02544+0.077%$120K$160K10xas long as short
Variational Omni MON+0.0100%8h0.02538−0.147%$764K$411Kas long as short
edgeX MONUSDC+0.0100%4h0.02548+0.233%$44K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02548+0.242%$572K$1.5M10xas long as short
SoDEX MON-USD+0.0100%1h0.02541−0.033%$5K$6K5xas long as short
Extended MON-USDshort+0.0104%1h0.02548+0.234%$49K$520K10x
Aevo MON-PERP+0.0104%1h0.02539−0.096%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02542−0.010%$8K50xas long as short
Aftermath Perps MONUSD+0.0335%1h0.02563+0.824%$4K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02548+0.242%$1.4M$313K75xas long as short
Hyperliquid MON+0.0427%1h0.02549+0.262%$34.7M$7.5M5xas long as short
Perpl MON+0.0447%43m0.02542+0.006%$115K$2.1M10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02529−0.494%$110K$51K50xas long as short
Kraken Futures PF_MONUSD+0.0841%1h0.02545+0.105%$277K$88K10xas long as short