Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.223%

Price spread now: Coinbase International against Bitget+0.277%7-day average +0.451% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.960%+$96 on $10k

Price spread, last 3 days (all we have)+0.036%+$4 · spread now +0.277%, 7d avg +0.451%

Together, before fees+0.996%+$100 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.174% cheaper against Bitget than usual: you would sell low and buy high (spread +0.277% now, against its 7-day average of +0.451%). If the spread goes back, that is −$17 on $10k: about 32 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MONUSDT	0.02561	0.0100	pay 0.0050% / 4h	1h 01m	$2.7M	$1.8M	25x
Short	Coinbase International MON-PERP-INTX	0.02568	0.0536	get 0.0067% / 1h	1m 09s	$113K	$50K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now +0.277%Rate

Funding earned: $91.56
Price spread: +0.277% → +0.451%: −$17.38
Slippage, 4 orders: −$70.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$18.37
Costs to cover: 0.926%
Break-even: 8.4 days

Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 17 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 Bitget live order book, 1 min ago	7.82 bp	23.4 bp −$23	62.0 bp −$620	doesn't fit	doesn't fit
Sell Coinbase International live order book, 17 min ago	15.92 bp	20.9 bp −$21	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
Bybit MONUSDT	−0.0068%	8h	0.02557	−0.144%	$21.2M	$11.9M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.547%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02561	+0.020%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02558	−0.102%	$127K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02557	−0.168%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0035%	1h	0.02561	+0.014%	$2K	$74K	10x	as long as short
01 Exchange MONUSD	+0.0048%	1h	0.02558	−0.121%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02555	−0.234%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0089%	8h	0.02555	−0.216%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02557	−0.156%	$853K	$784K	10x	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	0.02559	−0.080%	$388K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02559	−0.090%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02557	−0.140%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	−0.052%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02558	−0.117%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02557	−0.154%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02557	−0.156%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.295%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	−0.156%	$989K	$879K	50x	as long as short
Bitget MONUSDTlong	+0.0100%	4h	0.02561	long leg	$2.7M	$1.8M	25x
Backpack MON_USDC_PERP	+0.0100%	1h	0.02559	−0.086%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.306%	$770K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02560	−0.046%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02559	−0.078%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02560	−0.039%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02556	−0.195%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02558	−0.127%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02556	−0.215%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02559	−0.092%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02556	−0.184%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0260%	4h	0.02560	−0.039%	$3.0M	$706K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02559	−0.078%	$1.4M	$306K	75x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0536%	1h	0.02568	+0.277%	$113K	$50K	50x