Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Bulk−0.149%7-day average +0.058% · 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−$118as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on Bulk Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.149%, 7d avg +0.058%

Together, before fees+0.280%+$28 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: Bitget is 0.207% cheaper against Bulk than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MON-USD	0.02585	0.0100	pay 0.0013% / 1h	37m 17s	$108K	$3K	10x
Short	Bitget MONUSDT	0.02581	0.0100	get 0.0050% / 4h	37m 17s	$2.7M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bulk. 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 BulkbpFee BitgetbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → +0.058%: −$20.72
Slippage, 4 orders: −$78.58
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$118.29
Costs to cover: 0.976%
Break-even: never at this rate

Slippage from Bulk: live order book, 41 min ago; Bitget: live order book, 5 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 Bulk live order book, 41 min ago	19.42 bp	22.9 bp −$23	52.0 bp −$520	295.3 bp −$29.5K	doesn't fit
Sell Bitget live order book, 5 min ago	9.67 bp	27.5 bp −$27	70.2 bp −$702	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	−0.381%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02579	−0.227%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0040%	8h	0.02574	−0.420%	$21.3M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02585	+0.021%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02581	−0.149%	$126K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02580	−0.176%	$70K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02579	−0.227%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0080%	1h	0.02586	+0.031%	$2K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0093%	8h	0.02579	−0.231%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02580	−0.188%	$857K	$793K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02586	+0.025%	$394K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02584	−0.053%	$34.9M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02580	−0.174%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02582	−0.126%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02581	−0.149%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02575	−0.386%	$24.5M	$25.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02576	−0.343%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USDlong	+0.0100%	1h	0.02585	long leg	$108K	$3K	10x
Gate MON_USDT	+0.0100%	4h	0.02580	−0.188%	$983K	$907K	50x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02581	−0.149%	$2.7M	$1.8M	25x
Backpack MON_USDC_PERP	+0.0100%	1h	0.02582	−0.103%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02582	−0.104%	$780K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02582	−0.100%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02586	+0.041%	$586K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02583	−0.072%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02579	−0.227%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02584	−0.034%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02579	−0.227%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0250%	4h	0.02584	−0.033%	$3.0M	$716K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02580	−0.204%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	−0.304%	$1.4M	$309K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0418%	1h	0.02583	−0.070%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+0.930%	$115K	$50K	50x	as long as short