Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0042%/8h= +4.7% APRpaid last 24h +0.013%

Price spread now: BloFin against Bulk+0.046%7-day average +0.039% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1011.012% of the position

Long on Bulk Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.131%+$13 on $10k

Price spread, last 3 days (all we have)+0.354%+$35 · spread now +0.046%, 7d avg +0.039%

Together, before fees+0.485%+$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk MON-USD	0.02581	0.0100	pay 0.0013% / 1h	38m 59s	$108K	$3K	10x
Short	BloFin MON-USDT	0.02582	0.0142	get 0.0071% / 4h	2h 38m	$1.4M	$242K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.046%Rate

Funding earned: $8.92
Price spread: +0.046% → +0.039%: $0.69
Slippage, 4 orders: −$82.21
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$91.6
Costs to cover: 1.012%
Break-even: 78.9 days

Slippage from Bulk: live order book, 49 min ago; BloFin: live order book, 4 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, 49 min ago	19.34 bp	22.8 bp −$23	42.3 bp −$423	177.8 bp −$17.8K	doesn't fit
Sell BloFin live order book, 4 min ago	5.80 bp	21.0 bp −$21	53.2 bp −$532	207.9 bp −$20.8K	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	0.02587	+0.240%	$6K	$107	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0252%	1h	0.02587	+0.236%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0216%	1h	0.02584	+0.108%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02587	+0.247%	$13K	$384K	5x	as long as short
Bybit MONUSDT	+0.0012%	8h	0.02582	+0.057%	$21.6M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02585	+0.162%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02586	+0.201%	$847K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02586	+0.198%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02587	+0.244%	$363K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02588	+0.271%	$34.9M	$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	0.02586	+0.189%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02588	+0.272%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02587	+0.240%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02587	+0.240%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02585	+0.162%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USDlong	+0.0100%	1h	0.02581	long leg	$108K	$3K	10x
Gate MON_USDT	+0.0100%	4h	0.02587	+0.240%	$1.0M	$929K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02587	+0.240%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02584	+0.104%	$777K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02585	+0.176%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02588	+0.280%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02587	+0.240%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02584	+0.123%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02587	+0.256%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02584	+0.139%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02588	+0.259%	$263K	$63K	10x	as long as short
BloFin MON-USDTshort	+0.0142%	4h	0.02582	+0.046%	$1.4M	$242K	75x
Backpack MON_USDC_PERP	+0.0254%	1h	0.02586	+0.209%	$137K	$137K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02588	+0.290%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0306%	1h	0.02587	+0.228%	$2K	$73K	10x	as long as short
KuCoin MONUSDTM	+0.0338%	4h	0.02591	+0.394%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02587	+0.228%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02595	+0.569%	$114K	$51K	50x	as long as short