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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0498%/8h= +54.5% APRnext payment +$0.62 per $10,000 · paid last 24h +0.071%
Price spread now: GMX against dYdX−0.264%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. GMX is 0.264% cheaper against dYdX than usual: you would sell low and buy high (spread −0.264% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 42 hours of funding at the current rate (+$15 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX MON-USD0.025640.0100pay 0.0013% / 1h4m 20s$13K5x
ShortGMX MON/USD [ETH-USDC]0.02557L +0.0260% / S −0.0598%get 0.0075% / 1h4m 20s$8K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$104.54
Price spread: −0.264% → 0.000%
−$26.41
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$56.13
Costs to cover
0.220%
Break-even
3.2 days
Slippage unknown: dYdX: no order-book sample; GMX: 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 dYdX no order-book sample
Sell GMX no order-book sample
dYdX and GMX: 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−0.0121%1h0.02559−0.182%$6K$1095.5xas long as short
01 Exchange MONUSD−0.0096%1h0.02563−0.026%$6K$1K5xas long as short
Bybit MONUSDT−0.0034%8h0.02561−0.104%$21.1M$12.1M50xas long as short
Phoenix MON0.0000%1h0.02558−0.241%$13K$360K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02557−0.256%$69K$119K25xas long as short
Orderly PERP_MON_USDC+0.0070%4h0.02562−0.065%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.02564+0.013%$851K$794K10xas long as short
Paradex MON-USD-PERP+0.0097%8h0.02562−0.064%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02566+0.074%$391K$541K10xas long as short
Hyperliquid MON+0.0100%1h0.02566+0.106%$34.7M$7.6M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02563−0.019%$107K$231K10xas long as short
dYdX MON-USDlong+0.0100%1h0.02564long leg$13K5x
Pacifica MON+0.0100%1h0.02563−0.026%$141K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02563−0.026%$24.5M$25.5M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02563−0.026%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02555−0.340%$107K−$010xas long as short
Gate MON_USDT+0.0100%4h0.02561−0.104%$978K$914K50xas long as short
Bitget MONUSDT+0.0100%4h0.02564+0.013%$2.7M$1.9M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02556−0.284%$127K$141K10xas long as short
Variational Omni MON+0.0100%8h0.02554−0.371%$772K$407Kas long as short
edgeX MONUSDC+0.0100%4h0.02555−0.337%$47K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02560−0.144%$580K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02557−0.260%$68K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02556−0.299%$5K$6K5xas long as short
Aftermath Perps MONUSD+0.0102%1h0.02559−0.166%$3K$75K10xas long as short
Extended MON-USD+0.0104%1h0.02565+0.054%$51K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02564−0.007%$39K3xas long as short
KuCoin MONUSDTM+0.0254%4h0.02566+0.091%$3.0M$718K75xas long as short
GMX MON/USD [ETH-USDC]shortL +0.0260% / S −0.0598%1h0.02557−0.264%$8K50x
BloFin MON-USDT+0.0340%4h0.02554−0.377%$1.3M$306K75xas long as short
Kraken Futures PF_MONUSD+0.0422%1h0.02560−0.148%$269K$78K10xas long as short
Perpl MON+0.0447%43m0.02565+0.040%$125K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0480%1h0.02609+1.764%$115K$50K50xas long as short