Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.222%

Price spread now: Binance against Coinbase International−0.213%7-day average −0.507% · you buy dearer than you sell

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2802.801% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.932%−$93 on $10k

Price spread, last 3 days (all we have)−0.245%−$25 · spread now −0.213%, 7d avg −0.507%

Together, before fees−1.178%−$118 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.293% dearer against Coinbase International than usual: you sell high and buy low (spread −0.213% now, against its 7-day average of −0.507%): +$29 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02584	0.0808	pay 0.0101% / 1h	20m 08s	$113K	$51K	50x
Short	Binance MONUSDT	0.02579	0.0100	get 0.0050% / 4h	3h 20m	$24.7M	$25.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.213%Rate

Funding earned: −$148.68
Price spread: −0.213% → −0.507%: $29.35
Slippage, 4 orders: −$260.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$399.46
Costs to cover: 2.801%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 53 min ago; Binance: live order book, 6 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 Coinbase International live order book, 53 min ago	36.15 bp	130.6 bp −$131	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	1.93 bp	11.9 bp −$12	56.1 bp −$561	357.8 bp −$35.8K	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	−0.0444%	1h	0.02576	−0.313%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02577	−0.267%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02580	−0.151%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0048%	1h	0.02579	−0.190%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0064%	4h	0.02579	−0.197%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0090%	8h	0.02576	−0.320%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02581	−0.120%	$860K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02583	−0.058%	$396K	$529K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02583	−0.046%	$35.1M	$7.3M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02579	−0.178%	$107K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02579	−0.215%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02578	−0.236%	$142K	$104K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02579	−0.213%	$24.7M	$25.3M	75x
Bybit MONUSDT	+0.0100%	8h	0.02577	−0.275%	$21.4M	$12.1M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02577	−0.275%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.159%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02579	−0.197%	$973K	$911K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02580	−0.159%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02580	−0.170%	$129K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02576	−0.311%	$775K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02579	−0.204%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02584	−0.004%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02583	−0.043%	$69K	$486K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02579	−0.197%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02584	−0.015%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02578	−0.217%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0152%	4h	0.02583	−0.043%	$3.0M	$722K	75x	as long as short
Aftermath Perps MONUSD	+0.0186%	1h	0.02580	−0.143%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02581	−0.128%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	−0.275%	$1.4M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02579	−0.186%	$167K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0463%	1h	0.02582	−0.066%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0808%	1h	0.02584	long leg	$113K	$51K	50x