Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0498%/8h= +54.5% APRpaid last 24h +0.076%

Price spread now: GMX against Binance+0.023%7-day average — · you sell dearer than you buy

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and GMX is 0.023% dearer against Binance than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MONUSDT	0.02587	0.0100	pay 0.0050% / 4h	3h 41m	$24.7M	$25.7M	75x
Short	GMX MON/USD [ETH-USDC]	0.02588	L +0.0261% / S −0.0598%	get 0.0075% / 1h	41m 18s	$9K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $104.54
Price spread: +0.023% → 0.000%: $2.31
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $84.85
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: Binance: live order book, 15 min ago; GMX: no order-book sample. 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 Binance live order book, 15 min ago	1.95 bp	14.1 bp −$14	49.1 bp −$491	540.0 bp −$54.0K	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0444%	1h	0.02556	−1.202%	$6K	$105	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02587	−0.019%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02588	+0.046%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02587	−0.004%	$17K	$64K	10x	as long as short
01 Exchange MONUSD	+0.0072%	1h	0.02589	+0.062%	$6K	$1K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02588	+0.035%	$860K	$751K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02585	−0.098%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02592	+0.174%	$396K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02592	+0.174%	$35.2M	$7.7M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02588	+0.043%	$108K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02588	+0.041%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02586	−0.035%	$143K	$104K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02587	long leg	$24.7M	$25.7M	75x
Bybit MONUSDT	+0.0100%	8h	0.02585	−0.093%	$21.4M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02583	−0.159%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−1.434%	$105K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02587	−0.004%	$986K	$899K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02589	+0.073%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02587	+0.015%	$128K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02584	−0.116%	$782K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02587	−0.002%	$44K	$246K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02592	+0.191%	$587K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02568	−0.738%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02587	−0.004%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02590	+0.110%	$50K	$475K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02587	+0.004%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0123%	1h	0.02573	−0.549%	$3K	$76K	10x	as long as short
KuCoin MONUSDTM	+0.0182%	4h	0.02591	+0.151%	$3.0M	$724K	75x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0261% / S −0.0598%	1h	0.02588	+0.023%	$9K	—	50x
BloFin MON-USDT	+0.0340%	4h	0.02588	+0.035%	$1.4M	$310K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02588	+0.054%	$132K	$1.9M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0461%	1h	0.02591	+0.141%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02593	+0.240%	$114K	$50K	50x	as long as short