Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h −0.008%

Price spread now: Nado against BloFin−0.158%7-day average +0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.126%−$13 on $10k

Price spread, last 3 days (all we have)−0.079%−$8 · spread now −0.158%, 7d avg +0.111%

Together, before fees−0.205%+ Points / potential airdropNado: Active · farm board−$21 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: Nado is 0.269% cheaper against BloFin than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02599	0.0093	pay 0.0047% / 4h	2h 30m	$1.4M	$246K	75x
Short	Nado MON-PERP	0.02595	0.0100	get 0.0012% / 1h	30m 21s	$375K	$527K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.158%Rate

Funding earned: $1.43
Price spread: −0.158% → +0.111%: −$26.87
Slippage, 4 orders: −$43.66
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$88.1
Costs to cover: 0.627%
Break-even: 437.5 days

Slippage from BloFin: live order book, 2 min ago; Nado: live order book, 57 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, 2 min ago	5.78 bp	19.2 bp −$19	25.8 bp −$258	106.5 bp −$10.6K	doesn't fit
Sell Nado live order book, 57 min ago	1.75 bp	10.6 bp −$11	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
Injective MON/USDC PERP	−0.0739%	1h	0.02596	−0.115%	$6K	$109	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0251%	1h	0.02593	−0.242%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0248%	1h	0.02589	−0.381%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0004%	8h	0.02589	−0.400%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02598	−0.058%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02591	−0.308%	$17K	$64K	10x	as long as short
BloFin MON-USDTlong	+0.0093%	4h	0.02599	long leg	$1.4M	$246K	75x
Paradex MON-USD-PERP	+0.0095%	8h	0.02591	−0.296%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02592	−0.269%	$849K	$753K	10x	as long as short
Nado MON-PERPshort	+0.0100%	1h	0.02595	−0.158%	$375K	$527K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02595	−0.158%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02592	−0.255%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	−0.081%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02593	−0.231%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02590	−0.345%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02590	−0.346%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02600	+0.038%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02593	−0.231%	$1.0M	$932K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02595	−0.154%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02593	−0.216%	$778K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02597	−0.077%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02598	−0.038%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02597	−0.077%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02590	−0.346%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02595	−0.170%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	−0.319%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02595	−0.149%	$267K	$67K	10x	as long as short
Aftermath Perps MONUSD	+0.0228%	1h	0.02595	−0.161%	$2K	$73K	10x	as long as short
Backpack MON_USDC_PERP	+0.0234%	1h	0.02593	−0.223%	$137K	$137K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02593	−0.227%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0340%	4h	0.02600	+0.038%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02592	−0.262%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02609	+0.381%	$115K	$49K	50x	as long as short