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 −0.020%

Price spread now: GRVT against Binance−0.891%7-day average +0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$860.858% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+1.003%+$100 · spread now −0.891%, 7d avg +0.082%

Together, before fees+0.996%+ Points / potential airdropGRVT: Active · farm board+$100 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: GRVT is 0.973% cheaper against Binance than usual: you would sell low and buy high, −$97 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance MONUSDT	0.02591	0.0100	pay 0.0050% / 4h	3h 43m	$24.8M	$25.6M	75x
Short	GRVT MON_USDT_Perp	0.02568	0.0100	get 0.0050% / 4h	3h 43m	$582K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.891%Rate

Funding earned: $0
Price spread: −0.891% → +0.082%: −$97.3
Slippage, 4 orders: −$66.76
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$183.05
Costs to cover: 0.858%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; GRVT: live order book, 5 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, 13 min ago	1.95 bp	14.1 bp −$14	49.1 bp −$491	540.0 bp −$54.0K	doesn't fit
Sell GRVT live order book, 5 min ago	3.91 bp	33.4 bp −$33	71.0 bp −$710	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	−0.0444%	1h	0.02556	−1.355%	$6K	$105	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02555	−1.412%	$13K	$351K	5x	as long as short
01 Exchange MONUSD	+0.0064%	1h	0.02594	+0.104%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02589	−0.081%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02592	+0.035%	$861K	$751K	10x	as long as short
Aftermath Perps MONUSD	+0.0097%	1h	0.02565	−1.022%	$3K	$76K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02589	−0.086%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02595	+0.139%	$396K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02594	+0.127%	$35.2M	$7.7M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02589	−0.077%	$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	0.02590	−0.058%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02588	−0.104%	$143K	$104K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02591	long leg	$24.8M	$25.6M	75x
Bybit MONUSDT	+0.0100%	8h	0.02590	−0.042%	$21.4M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02589	−0.081%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−1.586%	$105K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02591	−0.004%	$990K	$898K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02593	+0.073%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02591	−0.008%	$129K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02558	−1.293%	$771K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02565	−1.011%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02568	−0.891%	$582K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02568	−0.891%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02591	−0.004%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02596	+0.176%	$51K	$469K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	−0.004%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0194%	4h	0.02596	+0.189%	$3.0M	$721K	75x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0213%	1h	0.02593	+0.062%	$70K	$119K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02592	+0.035%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02589	−0.081%	$1.4M	$310K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02591	+0.004%	$125K	$1.8M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0461%	1h	0.02593	+0.092%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02586	−0.212%	$113K	$50K	50x	as long as short