Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0168%/8h= +18.4% APRpaid last 24h 0.000%

Price spread now: Bitget against Bybit+0.157%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$900.904% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 7 days−0.047%−$5 · spread now +0.157%, 7d avg +0.086%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bitget is 0.070% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MONUSDT	0.02553	−0.0068	get 0.0068% / 8h	1h 01m	$21.1M	$11.9M	50x
Short	Bitget MONUSDT	0.02557	0.0100	get 0.0050% / 4h	1h 01m	$2.7M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.157%Rate

Funding earned: $35.38
Price spread: +0.157% → +0.086%: $7.05
Slippage, 4 orders: −$67.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.01
Costs to cover: 0.904%
Break-even: 16.5 days

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 1 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 Bybit live order book, 2 min ago	1.96 bp	18.7 bp −$19	61.9 bp −$619	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.82 bp	22.2 bp −$22	70.6 bp −$706	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
Bybit MONUSDTlong	−0.0068%	8h	0.02553	long leg	$21.1M	$11.9M	50x
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.862%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02561	+0.333%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02558	+0.212%	$127K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02559	+0.219%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0035%	1h	0.02561	+0.327%	$2K	$74K	10x	as long as short
01 Exchange MONUSD	+0.0048%	1h	0.02558	+0.192%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02555	+0.078%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0089%	8h	0.02555	+0.097%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02558	+0.196%	$854K	$784K	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	0.02559	+0.233%	$388K	$544K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02559	+0.223%	$34.6M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02558	+0.192%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02560	+0.261%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02558	+0.196%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02557	+0.137%	$24.4M	$24.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02555	+0.078%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02569	+0.610%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	+0.157%	$989K	$879K	50x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02557	+0.157%	$2.7M	$1.8M	25x
Backpack MON_USDC_PERP	+0.0100%	1h	0.02557	+0.153%	$127K	$142K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	+0.006%	$770K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02560	+0.267%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02559	+0.235%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02560	+0.274%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02558	+0.196%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02559	+0.229%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02556	+0.098%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0175%	1h	0.02562	+0.370%	$269K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02556	+0.129%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0260%	4h	0.02560	+0.274%	$3.0M	$706K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02563	+0.392%	$1.4M	$306K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02565	+0.462%	$113K	$50K	50x	as long as short