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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.0548%/8h= −60.0% APRnext payment $0.69 per $10,000 · paid last 24h −0.222%
Price spread now: dYdX against Coinbase International−0.267%7-day average · you buy dearer than you sell
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 against this trade now: funding costs −$16 a day on $10k at the current rate, and dYdX is 0.267% cheaper against Coinbase International than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MON-PERP-INTX0.026040.0648pay 0.0081% / 1h34m 56s$115K$50K50x
ShortdYdX MON-USD0.025970.0100get 0.0013% / 1h34m 56s$13K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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

Funding earned
−$115.08
Price spread: −0.267% → 0.000%
−$26.69
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$161.77
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 52 min ago; dYdX: 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 Coinbase International live order book, 52 min ago39.55 bp138.9 bp −$139doesn't fitdoesn't fitdoesn't fit
Sell dYdX no order-book sample
dYdX: 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 33 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−0.0739%1h0.02596−0.323%$6K$1095.5xas long as short
01 Exchange MONUSD−0.0240%1h0.02596−0.307%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02595−0.365%$13K$384K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02598−0.246%$63K$110K25xas long as short
Bybit MONUSDT+0.0008%8h0.02593−0.438%$21.6M$11.8M50xas long as short
Orderly PERP_MON_USDC+0.0092%4h0.02595−0.361%$17K$64K10xas long as short
BloFin MON-USDT+0.0095%4h0.02596−0.323%$1.4M$245K75xas long as short
Paradex MON-USD-PERP+0.0095%8h0.02597−0.298%$8K$425xas long as short
Lighter MON+0.0096%1h0.02598−0.246%$851K$753K10xas long as short
Nado MON-PERP+0.0100%1h0.02599−0.204%$364K$533K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02600−0.180%$35.0M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02597−0.277%$108K$233K10xas long as short
dYdX MON-USDshort+0.0100%1h0.02597−0.267%$13K5x
Pacifica MON+0.0100%1h0.02596−0.315%$143K$107K3xas long as short
Binance MONUSDT+0.0100%4h0.02597−0.284%$24.7M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02594−0.399%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02581−0.905%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02597−0.284%$1.0M$932K50xas long as short
Bitget MONUSDT+0.0100%4h0.02599−0.207%$2.8M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02592−0.460%$777K$407Kas long as short
edgeX MONUSDC+0.0100%4h0.02584−0.768%$47K$242K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02597−0.284%$583K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02597−0.284%$69K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02597−0.284%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02600−0.180%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02595−0.342%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0131%1h0.02599−0.196%$268K$67K10xas long as short
Backpack MON_USDC_PERP+0.0246%1h0.02599−0.227%$138K$137K10xas long as short
Aftermath Perps MONUSD+0.0257%1h0.02591−0.502%$2K$73K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02598−0.242%$9K50xas long as short
KuCoin MONUSDTM+0.0336%4h0.02602−0.092%$3.2M$745K75xas long as short
Perpl MON+0.0447%43m0.02597−0.284%$146K$1.8M10xas long as short
Coinbase International MON-PERP-INTXlong+0.0648%1h0.02604long leg$115K$50K50x