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% APRpaid last 24h 0.000%

Price spread now: Pacifica against Binance+0.094%48s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as 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−$870.872% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.094%, 7d avg +0.025%

Together, before fees−0.024%+ Points / potential airdropPacifica: Active · farm board−$2 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: Pacifica 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 +0.025%. The two prices were read 48 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	0.02519	0.0100	pay 0.0050% / 4h	54m 52s	$23.9M	$26.6M	75x
Short	Pacifica MON	0.02521	0.0100	get 0.0013% / 1h	54m 52s	$140K	$92K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → +0.025%: $6.89
Slippage, 4 orders: −$69.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$80.32
Costs to cover: 0.872%
Break-even: never at this rate

Slippage from Binance: live order book, 1 min ago; Pacifica: live order book, 3 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, 1 min ago	1.99 bp	18.5 bp −$19	55.3 bp −$553	448.3 bp −$44.8K	doesn't fit
Sell Pacifica live order book, 3 min ago	5.97 bp	36.7 bp −$37	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
Phoenix MON	−0.0316%	1h	0.02517	−0.065%	$12K	$359K	5x	as long as short
Backpack MON_USDC_PERP	−0.0298%	1h	0.02520	+0.058%	$111K	$151K	10x	as long as short
01 Exchange MONUSD	−0.0192%	1h	0.02519	+0.034%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02517	−0.065%	$5K	$109	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0147%	1h	0.02519	+0.006%	$68K	$126K	25x	as long as short
Bybit MONUSDT	−0.0132%	8h	0.02519	+0.014%	$20.7M	$13.2M	50x	as long as short
Perpl MON	0.0000%	43m	0.02519	+0.026%	$108K	$2.3M	10x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02519	+0.014%	$16K	$41K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02521	+0.094%	$840K	$735K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02518	−0.041%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02522	+0.125%	$411K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02521	+0.090%	$34.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02521	+0.106%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02521	+0.076%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02521	+0.094%	$140K	$92K	3x
Binance MONUSDTlong	+0.0100%	4h	0.02519	long leg	$23.9M	$26.6M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02518	−0.025%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02515	−0.145%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02521	+0.094%	$954K	$968K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02522	+0.133%	$2.8M	$746K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02523	+0.173%	$2.7M	$2.1M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	+0.097%	$748K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02511	−0.290%	$41K	$249K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02519	−0.005%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02517	−0.065%	$68K	$505K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02517	−0.065%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02523	+0.178%	$52K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02519	+0.022%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0257%	1h	0.02520	+0.072%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02519	+0.034%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02518	−0.025%	$1.3M	$326K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02534	+0.610%	$112K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0540%	1h	0.02521	+0.108%	$268K	$113K	10x	as long as short