Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.012%

Price spread now: Extended against BloFin+0.084%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$830.827% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 3 days (all we have)−0.289%−$29 · spread now +0.084%, 7d avg +0.088%

Together, before fees−0.455%+ Points / potential airdropExtended: Active · farm board−$45 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.088%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02577	0.0340	pay 0.0170% / 4h	56m 58s	$1.3M	$308K	75x
Short	Extended MON-USD	0.02579	0.0104	get 0.0013% / 1h	56m 58s	$51K	$407K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$49.56
Price spread: +0.084% → +0.088%: −$0.36
Slippage, 4 orders: −$65.72
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$132.64
Costs to cover: 0.827%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Extended: live order book, 21 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 BloFin live order book, 6 min ago	3.91 bp	15.2 bp −$15	32.9 bp −$329	194.6 bp −$19.5K	doesn't fit
Sell Extended live order book, 21 min ago	5.83 bp	27.8 bp −$28	234.2 bp −$2,342	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
Injective MON/USDC PERP	−0.0121%	1h	0.02575	−0.078%	$6K	$103	5.5x	as long as short
Backpack MON_USDC_PERP	−0.0099%	1h	0.02578	+0.039%	$128K	$141K	10x	as long as short
Bybit MONUSDT	−0.0073%	8h	0.02575	−0.078%	$21.3M	$11.9M	50x	as long as short
01 Exchange MONUSD	−0.0072%	1h	0.02571	−0.233%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	−0.058%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02573	−0.140%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02575	−0.070%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0020%	1h	0.02566	−0.422%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02573	−0.155%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0090%	8h	0.02570	−0.264%	$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
Lighter MON	+0.0096%	1h	0.02579	+0.078%	$861K	$772K	10x	as long as short
Variational Omni MON	+0.0099%	8h	0.02554	−0.886%	$772K	$408K	—	as long as short
Nado MON-PERP	+0.0100%	1h	0.02576	−0.055%	$391K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02579	+0.093%	$34.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02579	+0.068%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02573	−0.151%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02571	−0.217%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02577	0.000%	$24.6M	$25.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02576	−0.039%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.854%	$107K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02578	+0.039%	$995K	$867K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02578	+0.039%	$2.7M	$1.8M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02567	−0.392%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02558	−0.723%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02568	−0.349%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02574	−0.116%	$5K	$6K	5x	as long as short
Extended MON-USDshort	+0.0104%	1h	0.02579	+0.084%	$51K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02575	−0.074%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0240%	4h	0.02582	+0.194%	$3.0M	$711K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02575	−0.066%	$9K	—	50x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02577	long leg	$1.3M	$308K	75x
Kraken Futures PF_MONUSD	+0.0419%	1h	0.02577	+0.013%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02579	+0.085%	$114K	$50K	50x	as long as short