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: Coinbase International against dYdX+0.321%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$16 a day on $10k at the current rate, and Coinbase International is 0.321% dearer against dYdX than usual: you sell high and buy low: +$32 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX MON-USD0.025870.0100pay 0.0013% / 1h44m 50s$13K5x
ShortCoinbase International MON-PERP-INTX0.025950.0648get 0.0081% / 1h44m 50s$114K$51K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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: +0.321% → 0.000%
$32.08
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$127.16
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: dYdX: no order-book sample; Coinbase International: live order book, 43 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 dYdX no order-book sample
Sell Coinbase International live order book, 43 min ago39.55 bp143.9 bp −$144doesn't fitdoesn't fitdoesn't fit
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%1h0.02587−0.008%$6K$1075.5xas long as short
01 Exchange MONUSD−0.0112%1h0.02582−0.193%$6K$1K5xas long as short
Deribit MON_USDC-PERPETUAL−0.0059%1h0.02587−0.008%$63K$110K25xas long as short
Phoenix MON0.0000%1h0.02587−0.019%$13K$384K5xas long as short
Bybit MONUSDT+0.0013%8h0.02581−0.240%$21.5M$11.8M50xas long as short
Orderly PERP_MON_USDC+0.0092%4h0.02585−0.085%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.02585−0.085%$847K$753K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02582−0.214%$8K$425xas long as short
Hyperliquid MON+0.0100%1h0.02586−0.062%$34.8M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02586−0.053%$108K$233K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USDlong+0.0100%1h0.02587long leg$13K5x
Pacifica MON+0.0100%1h0.02583−0.162%$143K$107K3xas long as short
Binance MONUSDT+0.0100%4h0.02582−0.201%$24.5M$24.5M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02580−0.278%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02575−0.472%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02584−0.124%$1.0M$929K50xas long as short
Bitget MONUSDT+0.0100%4h0.02585−0.085%$2.7M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02584−0.143%$776K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02585−0.102%$47K$243K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02585−0.085%$581K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02585−0.085%$69K$484K50xas long as short
Nado MON-PERP+0.0100%1h0.02587−0.022%$349K$534K10xas long as short
SoDEX MON-USD+0.0100%1h0.02585−0.085%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02584−0.105%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02585−0.085%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0132%1h0.02589+0.081%$263K$63K10xas long as short
BloFin MON-USDT+0.0140%4h0.02586−0.046%$1.4M$243K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02586−0.039%$9K50xas long as short
Backpack MON_USDC_PERP+0.0271%1h0.02584−0.108%$137K$137K10xas long as short
KuCoin MONUSDTM+0.0354%4h0.02590+0.108%$3.2M$789K75xas long as short
Aftermath Perps MONUSD+0.0363%1h0.02584−0.111%$2K$73K10xas long as short
Perpl MON+0.0447%43m0.02584−0.104%$145K$1.8M10xas long as short
Coinbase International MON-PERP-INTXshort+0.0648%1h0.02595+0.321%$114K$51K50x