Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against dYdX−0.175%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on GRVT

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.175% cheaper against dYdX than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX MON-USD	0.02582	0.0100	pay 0.0013% / 1h	47m 58s	$13K	—	5x
Short	GRVT MON_USDT_Perp	0.02577	0.0100	get 0.0050% / 4h	2h 47m	$579K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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

Position, each leg$Hold fordaysFee dYdXbpFee GRVTbpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → 0.000%: −$17.51
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$36.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; GRVT: live order book, just now. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy dYdX no order-book sample	—	—	—	—	—
Sell GRVT live order book, just now	5.80 bp	40.0 bp −$40	216.1 bp −$2,161	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective MON/USDC PERP	−0.0739%	1h	0.02587	+0.193%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0120%	1h	0.02582	−0.016%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02579	−0.097%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02585	+0.100%	$63K	$110K	25x	as long as short
Bybit MONUSDT	+0.0007%	8h	0.02581	−0.024%	$21.6M	$11.8M	50x	as long as short
BloFin MON-USDT	+0.0066%	4h	0.02579	−0.117%	$1.4M	$242K	75x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02583	+0.038%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02584	+0.077%	$847K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02581	−0.044%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02584	+0.074%	$348K	$535K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02586	+0.139%	$34.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02584	+0.067%	$108K	$233K	10x	as long as short
dYdX MON-USDlong	+0.0100%	1h	0.02582	long leg	$13K	—	5x
Pacifica MON	+0.0100%	1h	0.02583	+0.034%	$143K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02583	+0.038%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02580	−0.078%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02575	−0.272%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02584	+0.077%	$1.0M	$927K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02584	+0.077%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−0.368%	$773K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02576	−0.248%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02577	−0.175%	$579K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	−0.155%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02583	+0.038%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02586	+0.158%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02582	−0.001%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02586	+0.154%	$263K	$63K	10x	as long as short
Backpack MON_USDC_PERP	+0.0243%	1h	0.02584	+0.081%	$137K	$137K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.1052%	1h	0.02583	+0.050%	$13K	—	50x	as long as short
KuCoin MONUSDTM	+0.0354%	4h	0.02587	+0.193%	$3.2M	$788K	75x	as long as short
Aftermath Perps MONUSD	+0.0398%	1h	0.02583	+0.043%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02582	+0.011%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.676%	$115K	$51K	50x	as long as short