Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Bitget−0.002%7-day average +0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on Bitget Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)+0.524%+$52 · spread now −0.002%, 7d avg +0.078%

Together, before fees+0.567%+ Points / potential airdropExtended: Active · farm board+$57 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: Extended is 0.081% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MONUSDT	0.02525	0.0100	pay 0.0050% / 4h	56m 01s	$2.7M	$2.1M	25x
Short	Extended MON-USD	0.02525	0.0104	get 0.0013% / 1h	56m 01s	$52K	$517K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.002%Rate

Funding earned: $0.84
Price spread: −0.002% → +0.078%: −$8.07
Slippage, 4 orders: −$83.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$108.03
Costs to cover: 1.008%
Break-even: 907.2 days

Slippage from Bitget: live order book, 1 min ago; Extended: live order book, 2 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	7.94 bp	19.1 bp −$19	46.1 bp −$461	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	5.98 bp	29.0 bp −$29	229.2 bp −$2,292	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	0.02518	−0.273%	$12K	$355K	5x	as long as short
Backpack MON_USDC_PERP	−0.0261%	1h	0.02526	+0.048%	$111K	$151K	10x	as long as short
01 Exchange MONUSD	−0.0200%	1h	0.02522	−0.119%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02528	+0.119%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0131%	8h	0.02521	−0.158%	$20.7M	$13.2M	50x	as long as short
Perpl MON	0.0000%	43m	0.02525	−0.020%	$108K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02525	−0.016%	$68K	$126K	25x	as long as short
Orderly PERP_MON_USDC	+0.0082%	4h	0.02523	−0.079%	$16K	$41K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02525	0.000%	$841K	$735K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02522	−0.122%	$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	0.02526	+0.028%	$413K	$543K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02526	+0.051%	$34.2M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02525	−0.017%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02524	−0.057%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02521	−0.170%	$140K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02523	−0.064%	$24.0M	$26.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02522	−0.119%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02515	−0.396%	$103K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02525	0.000%	$956K	$968K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02525	0.000%	$2.8M	$746K	75x	as long as short
Bitget MONUSDTlong	+0.0100%	4h	0.02525	long leg	$2.7M	$2.1M	25x
Variational Omni MON	+0.0100%	8h	0.02521	−0.155%	$748K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02517	−0.317%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02524	−0.046%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02518	−0.277%	$67K	$504K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02523	−0.079%	$5K	$6K	5x	as long as short
Extended MON-USDshort	+0.0104%	1h	0.02525	−0.002%	$52K	$517K	10x
Aevo MON-PERP	+0.0104%	1h	0.02524	−0.059%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0257%	1h	0.02520	−0.181%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02524	−0.048%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02510	−0.594%	$1.3M	$325K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02534	+0.356%	$112K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0539%	1h	0.02527	+0.073%	$269K	$113K	10x	as long as short