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−0.0315%/8h= −34.5% APRpaid last 24h −0.214%
Price spread now: Variational Omni against Coinbase International−0.299%7-day average −0.647% · 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 3 days (all we have)−0.634%−$63 on $10k
Price spread, last 4 days (all we have)−0.430%−$43 · spread now −0.299%, 7d avg −0.647%
Together, before fees−1.063%+ Points / potential airdropVariational Omni: Active · farm board−$106 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.348% dearer against Coinbase International than usual: you sell high and buy low (spread −0.299% now, against its 7-day average of −0.647%): +$35 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.7 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International MON-PERP-INTX0.025180.0408pay 0.0051% / 1h4m 52s$110K$57K50x
ShortVariational Omni MON0.025110.0093get 0.0093% / 8h4h 04m$743K$410K

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
−$66.23
Price spread: −0.299% → −0.647%
$34.75
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$41.48
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Coinbase International: live order book, 53 min ago; Variational Omni: RFQ quote, 54 min ago. 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, 53 min ago19.71 bp24.7 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 54 min ago13.92 bpdoesn't fit117.3 bp −$1,173doesn'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
Injective MON/USDC PERP−0.0176%1h0.02507−0.441%$5K$1145.5xas long as short
01 Exchange MONUSD−0.0152%1h0.02511−0.290%$6K$1K5xas long as short
Backpack MON_USDC_PERP−0.0109%1h0.02514−0.171%$114K$151K10xas long as short
Bybit MONUSDT−0.0103%8h0.02510−0.338%$20.7M$13.3M50xas long as short
Phoenix MON0.0000%1h0.02517−0.056%$12K$359K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02513−0.214%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0072%4h0.02512−0.242%$16K$34K10xas long as short
Variational Omni MONshort+0.0093%8h0.02511−0.299%$743K$410K
Paradex MON-USD-PERP+0.0095%8h0.02511−0.296%$8K$425xas long as short
Lighter MON+0.0096%1h0.02514−0.163%$846K$749K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02513−0.194%$425K$578K10xas long as short
Hyperliquid MON+0.0100%1h0.02514−0.179%$33.9M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02514−0.176%$101K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02514−0.152%$13K5xas long as short
Pacifica MON+0.0100%1h0.02513−0.199%$139K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02511−0.294%$23.9M$26.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02510−0.322%$4.2M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02510−0.322%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02513−0.203%$942K$994K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02515−0.123%$2.8M$757K75xas long as short
Bitget MONUSDT+0.0100%4h0.02513−0.203%$2.7M$2.2M25xas long as short
edgeX MONUSDC+0.0100%4h0.02515−0.125%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02518−0.004%$564K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02516−0.083%$68K$513K50xas long as short
SoDEX MON-USD+0.0100%1h0.02512−0.242%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02513−0.207%$49K$519K10xas long as short
Aevo MON-PERP+0.0104%1h0.02511−0.278%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02513−0.222%$9K50xas long as short
Aftermath Perps MONUSD+0.0269%1h0.02513−0.185%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02513−0.203%$1.3M$339K75xas long as short
Coinbase International MON-PERP-INTXlong+0.0408%1h0.02518long leg$110K$57K50x
Perpl MON+0.0447%43m0.02514−0.147%$118K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0542%1h0.02515−0.123%$270K$114K10xas long as short