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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0194%/8h= +21.3% APRpaid last 24h +0.014%
Price spread now: Aevo against Bybit+0.110%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aevo is 0.110% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MONUSDT0.02538−0.0090get 0.0090% / 8h6h 08m$20.9M$12.8M50x
ShortAevo MON-PERP0.025410.0104get 0.0013% / 1h8m 21s$38K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Bybit. 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
$40.78
Price spread: +0.110% → 0.000%
$11.03
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Aevo: 8 bp × 2 orders
−$16
Net
$24.82
Costs to cover
0.270%
Break-even
2.7 days
Slippage unknown: Bybit: live order book, 5 min ago; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago3.93 bp16.3 bp −$1652.9 bp −$529doesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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 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+0.315%$6K$1095.5xas long as short
Bybit MONUSDTlong−0.0090%8h0.02538long leg$20.9M$12.8M50x
Phoenix MON0.0000%1h0.02552+0.552%$13K$349K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02542+0.162%$69K$125K25xas long as short
01 Exchange MONUSD+0.0016%1h0.02537−0.024%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0069%4h0.02541+0.118%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02539+0.039%$846K$742K10xas long as short
Paradex MON-USD-PERP+0.0098%8h0.02534−0.152%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02541+0.123%$408K$544K10xas long as short
Hyperliquid MON+0.0100%1h0.02542+0.150%$34.5M$7.5M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02539+0.021%$102K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02541+0.112%$13K5xas long as short
Pacifica MON+0.0100%1h0.02537−0.039%$140K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02540+0.062%$24.2M$26.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02539+0.039%$4.2M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02545+0.271%$106K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.02536−0.079%$948K$906K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02540+0.079%$2.9M$743K75xas long as short
Bitget MONUSDT+0.0100%4h0.02541+0.118%$2.7M$2.0M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02537−0.055%$118K$156K10xas long as short
Variational Omni MON+0.0100%8h0.02547+0.337%$758K$419Kas long as short
edgeX MONUSDC+0.0100%4h0.02550+0.463%$44K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02552+0.542%$571K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02551+0.512%$68K$497K50xas long as short
SoDEX MON-USD+0.0100%1h0.02541+0.118%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02539+0.020%$51K$513K10xas long as short
Aevo MON-PERPshort+0.0104%1h0.02541+0.110%$38K3x
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02540+0.095%$9K50xas long as short
Aftermath Perps MONUSD+0.0281%1h0.02546+0.307%$2K$79K10xas long as short
Perpl MON+0.0447%43m0.02538+0.012%$106K$2.3M10xas long as short
Coinbase International MON-PERP-INTX+0.0744%1h0.02556+0.701%$112K$52K50xas long as short
Kraken Futures PF_MONUSD+0.0842%1h0.02539+0.043%$267K$97K10xas long as short