Settings8H · net · $10k
Funding arb · Price arb /

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: OKX against Bulk−0.388%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$123as in the Price arb table
costs, in and out, $10k−$880.880% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.469%+$47 · spread now −0.388%, 7d avg −0.037%
Together, before fees+0.469%+$47 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: OKX is 0.351% cheaper against Bulk than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.037%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk MON-USD0.025450.0100pay 0.0013% / 1h7m 07s$106K$4K10x
ShortOKX MON-USDT-SWAP0.025350.0100get 0.0050% / 4h2h 07m$4.2M$5.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: −0.388% → −0.037%
−$35.11
Slippage, 4 orders
−$71.04
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee OKX: 5 bp × 2 orders
−$10
Net
−$123.15
Costs to cover
0.880%
Break-even
never at this rate
Slippage from Bulk: live order book, 62 min ago; OKX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 62 min ago19.27 bp22.8 bp −$2345.5 bp −$455148.9 bp −$14.9Kdoesn't fit
Sell OKX live order book, 1 min ago3.94 bp25.6 bp −$2683.5 bp −$835doesn't fitdoesn't fit

MON on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0388%1h0.02546+0.044%$6K$1095.5xas long as short
Bybit MONUSDT−0.0091%8h0.02536−0.365%$20.9M$12.8M50xas long as short
Phoenix MON0.0000%1h0.02552+0.280%$13K$349K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02538−0.282%$68K$125K25xas long as short
01 Exchange MONUSD+0.0016%1h0.02539−0.215%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0071%4h0.02538−0.270%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02540−0.192%$846K$743K10xas long as short
Paradex MON-USD-PERP+0.0098%8h0.02538−0.269%$8K$425xas long as short
Hyperliquid MON+0.0100%1h0.02540−0.203%$34.4M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02541−0.157%$102K$229K10xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02541−0.162%$13K5xas long as short
Pacifica MON+0.0100%1h0.02541−0.152%$141K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02538−0.270%$24.2M$26.0M75xas long as short
OKX MON-USDT-SWAPshort+0.0100%4h0.02535−0.388%$4.2M$5.8M50x
Bulk MON-USDlong+0.0100%1h0.02545long leg$106K$4K10x
Gate MON_USDT+0.0100%4h0.02538−0.270%$949K$906K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02542−0.113%$2.9M$743K75xas long as short
Bitget MONUSDT+0.0100%4h0.02539−0.231%$2.7M$2.0M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02539−0.219%$118K$156K10xas long as short
Variational Omni MON+0.0100%8h0.02547+0.066%$758K$419Kas long as short
edgeX MONUSDC+0.0100%4h0.02536−0.359%$43K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02537−0.309%$568K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02536−0.349%$68K$497K50xas long as short
Nado MON-PERP+0.0100%1h0.02540−0.203%$407K$545K10xas long as short
SoDEX MON-USD+0.0100%1h0.02538−0.270%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02540−0.194%$49K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02537−0.310%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02537−0.302%$9K50xas long as short
Aftermath Perps MONUSD+0.0274%1h0.02545−0.012%$2K$79K10xas long as short
Perpl MON+0.0447%43m0.02539−0.243%$106K$2.3M10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02556+0.429%$112K$52K50xas long as short
Kraken Futures PF_MONUSD+0.0842%1h0.02540−0.208%$267K$97K10xas long as short