Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0461%/8h= −50.4% APRpaid last 24h −0.018%

Price spread now: Injective against BloFin+0.468%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 Injective

What this pair did over the last

the charts below follow

Funding, last 4 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. Injective is 0.468% dearer against BloFin than usual: you sell high and buy low (spread +0.468% now, against zero (this spread has no 7-day history yet)): +$47 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02563	0.0340	pay 0.0170% / 4h	57m 27s	$1.3M	$306K	75x
Short	Injective MON/USDC PERP	0.02575	−0.0121	pay 0.0015% / 1h	57m 27s	$6K	$103	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.468%Rate

Funding earned: −$96.71
Price spread: +0.468% → 0.000%: $46.82
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$61.91
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 5 min ago; Injective: 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	3.91 bp	15.2 bp −$15	32.9 bp −$329	194.6 bp −$19.5K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Backpack MON_USDC_PERP	−0.0134%	1h	0.02573	+0.386%	$128K	$141K	10x	as long as short
Injective MON/USDC PERPshort	−0.0121%	1h	0.02575	+0.468%	$6K	$103	5.5x
Bybit MONUSDT	−0.0073%	8h	0.02570	+0.273%	$21.3M	$11.9M	50x	as long as short
01 Exchange MONUSD	−0.0072%	1h	0.02571	+0.312%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.488%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02573	+0.406%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02575	+0.453%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0020%	1h	0.02566	+0.122%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02573	+0.390%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0090%	8h	0.02570	+0.281%	$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	0.02573	+0.390%	$860K	$771K	10x	as long as short
Variational Omni MON	+0.0099%	8h	0.02554	−0.345%	$772K	$408K	—	as long as short
Nado MON-PERP	+0.0100%	1h	0.02576	+0.491%	$391K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02575	+0.480%	$34.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02575	+0.467%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02573	+0.395%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02571	+0.328%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02572	+0.351%	$24.5M	$25.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02570	+0.273%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.312%	$107K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02573	+0.390%	$992K	$866K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02574	+0.429%	$2.7M	$1.8M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02567	+0.152%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02558	−0.181%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02568	+0.195%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02573	+0.390%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02573	+0.373%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02583	+0.776%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0240%	4h	0.02574	+0.429%	$3.0M	$710K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02574	+0.445%	$9K	—	50x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02563	long leg	$1.3M	$306K	75x
Kraken Futures PF_MONUSD	+0.0419%	1h	0.02576	+0.525%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02579	+0.632%	$114K	$50K	50x	as long as short