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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0308%/8h= −33.7% APRnext payment $0.38 per $10,000 · paid last 24h −0.217%
Price spread now: Pacifica against Coinbase International−0.513%7-day average −0.505% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$103as in the Price arb table
costs, in and out, $10k−$1021.020% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.930%−$93 on $10k
Price spread, last 4 days (all we have)−0.161%−$16 · spread now −0.513%, 7d avg −0.505%
Together, before fees−1.091%+ Points / potential airdropPacifica: Active · farm board−$109 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.505%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MON-PERP-INTX0.025340.0408pay 0.0051% / 1h54m 33s$112K$56K50x
ShortPacifica MON0.025210.0100get 0.0013% / 1h54m 33s$140K$92K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
−$64.68
Price spread: −0.513% → −0.505%
−$0.78
Slippage, 4 orders
−$84
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$167.46
Costs to cover
1.020%
Break-even
never at this rate
Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 3 min ago.

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, 3 min ago19.71 bp24.7 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 3 min ago5.97 bp36.7 bp −$37doesn't fitdoesn't fitdoesn't fit

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
Phoenix MON−0.0316%1h0.02517−0.671%$12K$359K5xas long as short
Backpack MON_USDC_PERP−0.0298%1h0.02520−0.549%$111K$151K10xas long as short
01 Exchange MONUSD−0.0208%1h0.02517−0.651%$6K$1K5xas long as short
Injective MON/USDC PERP−0.0176%1h0.02517−0.671%$5K$1095.5xas long as short
Deribit MON_USDC-PERPETUAL−0.0147%1h0.02519−0.600%$68K$126K25xas long as short
Bybit MONUSDT−0.0136%8h0.02517−0.663%$20.7M$13.2M50xas long as short
Perpl MON0.0000%43m0.02519−0.580%$108K$2.3M10xas long as short
Orderly PERP_MON_USDC+0.0082%4h0.02519−0.592%$16K$41K10xas long as short
Lighter MON+0.0096%1h0.02521−0.513%$840K$735K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02518−0.645%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02522−0.486%$411K$543K10xas long as short
Hyperliquid MON+0.0100%1h0.02521−0.517%$34.1M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02522−0.489%$101K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02521−0.531%$13K5xas long as short
Pacifica MONshort+0.0100%1h0.02521−0.513%$140K$92K3x
Binance MONUSDT+0.0100%4h0.02518−0.642%$23.9M$26.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02517−0.671%$4.2M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02515−0.762%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02520−0.552%$953K$968K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02522−0.474%$2.8M$746K75xas long as short
Bitget MONUSDT+0.0100%4h0.02521−0.513%$2.7M$2.1M25xas long as short
Variational Omni MON+0.0100%8h0.02521−0.510%$748K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02511−0.894%$41K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02519−0.612%$563K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02517−0.671%$68K$505K50xas long as short
SoDEX MON-USD+0.0100%1h0.02517−0.671%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02521−0.509%$52K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02519−0.584%$38K3xas long as short
Aftermath Perps MONUSD+0.0257%1h0.02520−0.535%$2K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02519−0.572%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02518−0.631%$1.3M$326K75xas long as short
Coinbase International MON-PERP-INTXlong+0.0408%1h0.02534long leg$112K$56K50x
Kraken Futures PF_MONUSD+0.0540%1h0.02521−0.499%$268K$113K10xas long as short