Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.035%

Price spread now: SoDEX against BloFin+0.120%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 SoDEX

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. SoDEX is 0.120% dearer against BloFin than usual: you sell high and buy low (spread +0.120% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 40 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	3h 54m	$1.3M	$333K	75x
Short	SoDEX MON-USD	0.02505	0.0100	get 0.0013% / 1h	54m 52s	$5K	$6K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$50.4
Price spread: +0.120% → 0.000%: $11.99
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$58.41
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; SoDEX: 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, 3 min ago	1.99 bp	17.6 bp −$18	40.7 bp −$407	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	−0.0320%	1h	0.02508	+0.256%	$109K	$157K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	+0.120%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02506	+0.168%	$13K	$346K	5x	as long as short
Perpl MON	0.0000%	43m	0.02505	+0.108%	$119K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02505	+0.120%	$73K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02508	+0.240%	$806K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02502	+0.017%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02506	+0.156%	$392K	$573K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02510	+0.316%	$33.9M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02511	+0.366%	$99K	$213K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02509	+0.292%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02505	+0.120%	$139K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02508	+0.258%	$23.9M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02507	+0.200%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02507	+0.200%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02510	+0.320%	$939K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02512	+0.400%	$2.9M	$765K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02510	+0.320%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02508	+0.243%	$745K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02509	+0.274%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02506	+0.150%	$558K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02505	+0.120%	$68K	$544K	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-USDshort	+0.0100%	1h	0.02505	+0.120%	$5K	$6K	5x
Bulk MON-USD	+0.0100%	1h	0.02505	+0.120%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02513	+0.427%	$50K	$318K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02504	+0.088%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02505	+0.108%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0240%	1h	0.02504	+0.072%	$6K	$3K	5x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02502	long leg	$1.3M	$333K	75x
Aftermath Perps MONUSD	+0.0465%	1h	0.02508	+0.221%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02519	+0.683%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0798%	1h	0.02508	+0.253%	$269K	$118K	10x	as long as short