Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Bulk+0.006%56s7-day average −0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$880.880% of the position

Long on Bulk Short on edgeX

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 3 days (all we have)+0.387%+$39 · spread now +0.006%, 7d avg −0.017%

Together, before fees+0.388%+ Points / potential airdropedgeX: Active · farm board+$39 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: edgeX is 0.023% dearer against Bulk than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 56 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	Bulk MON-USD	0.02580	0.0100	pay 0.0013% / 1h	54m 30s	$108K	$3K	10x
Short	edgeX MONUSDC	0.02580	0.0100	get 0.0050% / 4h	1h 54m	$47K	$242K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.017%: $2.31
Slippage, 4 orders: −$72
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$85.69
Costs to cover: 0.880%
Break-even: never at this rate

Slippage from Bulk: live order book, 29 min ago; edgeX: live order book, 28 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, 29 min ago	19.27 bp	22.8 bp −$23	43.0 bp −$430	108.7 bp −$10.9K	744.7 bp −$372.4K
Sell edgeX live order book, 28 min ago	9.61 bp	20.8 bp −$21	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
01 Exchange MONUSD	−0.0344%	1h	0.02599	+0.723%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.079%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0029%	8h	0.02592	+0.475%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02582	+0.091%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02596	+0.622%	$145K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02599	+0.719%	$70K	$117K	25x	as long as short
Aftermath Perps MONUSD	+0.0030%	1h	0.02589	+0.369%	$2K	$73K	10x	as long as short
Paradex MON-USD-PERP	+0.0066%	8h	0.02596	+0.614%	$8K	$42	5x	as long as short
Orderly PERP_MON_USDC	+0.0075%	4h	0.02594	+0.544%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02598	+0.699%	$849K	$760K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02600	+0.777%	$35.0M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02598	+0.683%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02598	+0.693%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02596	+0.610%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02595	+0.583%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02592	+0.467%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USDlong	+0.0100%	1h	0.02580	long leg	$108K	$3K	10x
Gate MON_USDT	+0.0100%	4h	0.02595	+0.583%	$1.0M	$862K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02596	+0.622%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02588	+0.323%	$779K	$411K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02580	+0.006%	$47K	$242K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02586	+0.241%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02587	+0.273%	$69K	$480K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02602	+0.850%	$389K	$535K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02596	+0.622%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02602	+0.837%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02598	+0.680%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0172%	1h	0.02601	+0.812%	$268K	$67K	10x	as long as short
BloFin MON-USDT	+0.0185%	4h	0.02595	+0.583%	$1.4M	$295K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02595	+0.583%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0336%	4h	0.02602	+0.854%	$3.2M	$747K	75x	as long as short
Backpack MON_USDC_PERP	+0.0516%	1h	0.02598	+0.715%	$139K	$137K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.037%	$114K	$50K	50x	as long as short