Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.013%

Price spread now: Pacifica against BloFin−0.192%94s7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$840.841% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.167%−$17 on $10k

Price spread, last 3 days (all we have)−0.539%−$54 · spread now −0.192%, 7d avg −0.006%

Together, before fees−0.706%+ Points / potential airdropPacifica: Active · farm board−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Pacifica is 0.186% cheaper against BloFin than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.006%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02598	0.0146	pay 0.0073% / 4h	2h 57m	$1.4M	$247K	75x
Short	Pacifica MON	0.02593	0.0100	get 0.0013% / 1h	57m 29s	$143K	$108K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.192%Rate

Funding earned: −$9.66
Price spread: −0.192% → −0.006%: −$18.65
Slippage, 4 orders: −$64.1
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$112.4
Costs to cover: 0.841%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Pacifica: live order book, 30 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, 5 min ago	3.85 bp	15.8 bp −$16	35.7 bp −$357	158.5 bp −$15.9K	doesn't fit
Sell Pacifica live order book, 30 min ago	5.82 bp	43.3 bp −$43	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	0.02581	−0.654%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0304%	1h	0.02586	−0.466%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0003%	8h	0.02583	−0.570%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02602	+0.142%	$14K	$371K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02596	−0.073%	$64K	$103K	25x	as long as short
Orderly PERP_MON_USDC	+0.0093%	4h	0.02595	−0.115%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02593	−0.192%	$849K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02590	−0.327%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02588	−0.394%	$345K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02594	−0.135%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02593	−0.186%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	−0.056%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02593	−0.192%	$143K	$108K	3x
Binance MONUSDT	+0.0100%	4h	0.02586	−0.459%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02584	−0.539%	$4.4M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02610	+0.462%	$110K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02593	−0.192%	$1.0M	$923K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02588	−0.385%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02602	+0.136%	$779K	$403K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02598	−0.011%	$48K	$241K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02601	+0.102%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02599	+0.038%	$69K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.192%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02594	−0.147%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02595	−0.131%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02596	−0.073%	$260K	$60K	10x	as long as short
BloFin MON-USDTlong	+0.0146%	4h	0.02598	long leg	$1.4M	$247K	75x
Backpack MON_USDC_PERP	+0.0188%	1h	0.02592	−0.216%	$136K	$136K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0314% / S −0.1052%	1h	0.02596	−0.065%	$14K	—	50x	as long as short
KuCoin MONUSDTM	+0.0382%	4h	0.02599	+0.038%	$3.1M	$790K	75x	as long as short
Aftermath Perps MONUSD	+0.0425%	1h	0.02602	+0.136%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02598	+0.004%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.051%	$115K	$51K	50x	as long as short