Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.035%

Price spread now: dYdX against BloFin+0.030%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.030% dearer against BloFin than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02502	0.0340	pay 0.0170% / 4h	42m 09s	$1.3M	$345K	75x
Short	dYdX MON-USD	0.02503	0.0100	get 0.0013% / 1h	42m 09s	$13K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$50.4
Price spread: +0.030% → 0.000%: $3
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$69.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.

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 BloFin live order book, 5 min ago	2.00 bp	21.5 bp −$22	37.0 bp −$370	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0032%	1h	0.02500	−0.080%	$5K	$110	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02503	+0.056%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02508	+0.256%	$127K	$2.2M	10x	as long as short
Lighter MON	+0.0096%	1h	0.02513	+0.440%	$806K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02506	+0.157%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02512	+0.409%	$394K	$577K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02509	+0.273%	$99K	$213K	10x	as long as short
dYdX MON-USDshort	+0.0100%	1h	0.02503	+0.030%	$13K	—	5x
Pacifica MON	+0.0100%	1h	0.02504	+0.064%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02510	+0.320%	$23.9M	$27.5M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02508	+0.240%	$20.8M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02509	+0.280%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	−0.080%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02510	+0.320%	$935K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02514	+0.480%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02511	+0.360%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02512	+0.396%	$110K	$157K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	+0.080%	$743K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02507	+0.206%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02504	+0.069%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02504	+0.080%	$68K	$537K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02506	+0.160%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02510	+0.320%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02511	+0.370%	$47K	$316K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02509	+0.300%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0228%	1h	0.02509	+0.284%	$73K	$138K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02508	+0.240%	$6K	—	50x	as long as short
Hyperliquid MON	+0.0302%	1h	0.02513	+0.452%	$34.0M	$7.8M	5x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02502	long leg	$1.3M	$345K	75x
01 Exchange MONUSD	+0.0344%	1h	0.02509	+0.280%	$6K	$3K	5x	as long as short
Aftermath Perps MONUSD	+0.0578%	1h	0.02505	+0.102%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02512	+0.392%	$111K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1200%	1h	0.02513	+0.442%	$270K	$119K	10x	as long as short