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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.122%
Price spread now: Hyperliquid against Binance+0.196%7-day average +0.124% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.167%+$17 on $10k
Price spread, last 7 days−0.113%−$11 · spread now +0.196%, 7d avg +0.124%
Together, before fees+0.054%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 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: Hyperliquid is 0.071% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.124%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MONUSDT0.025810.0100pay 0.0050% / 4h1h 57m$24.5M$24.6M75x
ShortHyperliquid MON0.025860.0100get 0.0013% / 1h57m 48s$34.9M$7.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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
Price spread: +0.196% → +0.124%
$7.13
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$11.87
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 13 min ago; Hyperliquid: live order book, 5 min ago. Net counts fees only.

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, 13 min ago1.93 bp15.1 bp −$1552.7 bp −$527453.4 bp −$45.3Kdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.19 bp11.2 bp −$11doesn't fitdoesn'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
01 Exchange MONUSD−0.0688%1h0.02579−0.095%$6K$1K5xas long as short
Deribit MON_USDC-PERPETUAL−0.0524%1h0.02582+0.041%$70K$117K25xas long as short
Injective MON/USDC PERP−0.0053%1h0.02599+0.692%$6K$1065.5xas long as short
Bybit MONUSDT−0.0035%8h0.02581+0.010%$21.5M$11.8M50xas long as short
Phoenix MON0.0000%1h0.02581+0.002%$13K$359K5xas long as short
Aftermath Perps MONUSD+0.0046%1h0.02583+0.090%$2K$73K10xas long as short
Paradex MON-USD-PERP+0.0065%8h0.02582+0.025%$8K$425xas long as short
BloFin MON-USDT+0.0073%4h0.02577−0.161%$1.4M$244K75xas long as short
Orderly PERP_MON_USDC+0.0075%4h0.02580−0.044%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.02583+0.072%$844K$760K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02586+0.172%$388K$535K10xas long as short
Hyperliquid MONshort+0.0100%1h0.02586+0.196%$34.9M$7.5M5x
Aster MONUSDT+0.0100%4h0.02584+0.095%$108K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02583+0.089%$13K5xas long as short
Pacifica MON+0.0100%1h0.02582+0.033%$143K$106K3xas long as short
Binance MONUSDTlong+0.0100%4h0.02581long leg$24.5M$24.6M75x
OKX MON-USDT-SWAP+0.0100%4h0.02581−0.006%$4.4M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02580−0.046%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02583+0.072%$1.0M$862K50xas long as short
Bitget MONUSDT+0.0100%4h0.02584+0.111%$2.7M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02578−0.106%$777K$411Kas long as short
edgeX MONUSDC+0.0100%4h0.02580−0.048%$47K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02584+0.101%$581K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02580−0.044%$69K$480K50xas long as short
SoDEX MON-USD+0.0100%1h0.02580−0.044%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02585+0.160%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02580−0.033%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0173%1h0.02586+0.190%$267K$67K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02584+0.118%$9K50xas long as short
Backpack MON_USDC_PERP+0.0278%1h0.02584+0.091%$138K$137K10xas long as short
KuCoin MONUSDTM+0.0296%4h0.02587+0.227%$3.2M$747K75xas long as short
Perpl MON+0.0447%43m0.02583+0.064%$144K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02607+0.990%$114K$50K50xas long as short