Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.057%

Price spread now: KuCoin against Bybit+0.258%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1271.266% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 7 days−0.287%−$29 · spread now +0.258%, 7d avg +0.135%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and KuCoin is 0.123% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.135%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.081% in total (about 4.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit MONUSDT	0.02559	−0.0033	get 0.0033% / 8h	7h 59m	$21.1M	$12.1M	50x
Short	KuCoin MONUSDTM	0.02566	0.0250	get 0.0125% / 4h	3h 59m	$3.0M	$719K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.258%Rate

Funding earned: $59.41
Price spread: +0.258% → +0.135%: $12.3
Slippage, 4 orders: −$103.61
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.9
Costs to cover: 1.266%
Break-even: 13.5 days

Slippage from Bybit: live order book, 9 min ago; KuCoin: live order book, 7 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, 9 min ago	3.91 bp	19.0 bp −$19	59.1 bp −$591	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	9.76 bp	44.2 bp −$44	448.1 bp −$4,481	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
Injective MON/USDC PERP	−0.0121%	1h	0.02559	−0.016%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0096%	1h	0.02565	+0.223%	$6K	$1K	5x	as long as short
Bybit MONUSDTlong	−0.0033%	8h	0.02559	long leg	$21.1M	$12.1M	50x
Phoenix MON	0.0000%	1h	0.02565	+0.207%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02564	+0.172%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02563	+0.141%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02565	+0.219%	$852K	$794K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02565	+0.200%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02566	+0.256%	$391K	$541K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02565	+0.231%	$34.7M	$7.6M	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	0.02565	+0.209%	$107K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02564	+0.167%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02565	+0.219%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02562	+0.090%	$24.5M	$25.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02559	−0.016%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.173%	$107K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02564	+0.180%	$979K	$914K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02565	+0.219%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02564	+0.188%	$127K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02560	+0.010%	$773K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02563	+0.127%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02558	−0.055%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02563	+0.141%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02564	+0.180%	$5K	$6K	5x	as long as short
Aftermath Perps MONUSD	+0.0100%	1h	0.02562	+0.084%	$3K	$75K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02566	+0.241%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02564	+0.160%	$39K	—	3x	as long as short
KuCoin MONUSDTMshort	+0.0250%	4h	0.02566	+0.258%	$3.0M	$719K	75x
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02564	+0.168%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02562	+0.102%	$1.3M	$307K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0421%	1h	0.02567	+0.278%	$270K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02565	+0.199%	$125K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.934%	$115K	$50K	50x	as long as short