Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against edgeX+0.113%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1211.214% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now +0.113%, 7d avg +0.099%

Together, before fees−0.012%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX MONUSDC	0.02598	0.0100	pay 0.0050% / 4h	2h 56m	$48K	$241K	10x
Short	GRVT MON_USDT_Perp	0.02601	0.0100	get 0.0050% / 4h	2h 56m	$583K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against edgeX. 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 edgeXbpFee GRVTbpOrdersPrice spread, now +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.099%: $1.38
Slippage, 4 orders: −$103.39
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$120.02
Costs to cover: 1.214%
Break-even: never at this rate

Slippage from edgeX: live order book, 30 min ago; GRVT: live order book, 1 min ago.

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 edgeX live order book, 30 min ago	11.63 bp	23.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	1.93 bp	32.9 bp −$33	234.6 bp −$2,346	doesn't fit	doesn't fit

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	0.02581	−0.644%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0304%	1h	0.02586	−0.455%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0003%	8h	0.02582	−0.605%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02602	+0.153%	$14K	$371K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02589	−0.343%	$64K	$103K	25x	as long as short
Orderly PERP_MON_USDC	+0.0093%	4h	0.02587	−0.413%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02586	−0.451%	$847K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02590	−0.316%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02588	−0.384%	$345K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02587	−0.401%	$34.9M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02587	−0.420%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02597	−0.045%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02593	−0.182%	$143K	$108K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02585	−0.490%	$24.6M	$24.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02583	−0.567%	$4.4M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02610	+0.473%	$110K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02587	−0.413%	$1.0M	$924K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02587	−0.413%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02602	+0.147%	$779K	$403K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02598	long leg	$48K	$241K	10x
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02601	+0.113%	$583K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02599	+0.049%	$69K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02586	−0.451%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02588	−0.387%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02588	−0.370%	$39K	—	3x	as long as short
Backpack MON_USDC_PERP	+0.0119%	1h	0.02586	−0.432%	$136K	$136K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02589	−0.348%	$259K	$60K	10x	as long as short
BloFin MON-USDT	+0.0134%	4h	0.02583	−0.567%	$1.4M	$242K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0314% / S −0.1052%	1h	0.02589	−0.340%	$13K	—	50x	as long as short
KuCoin MONUSDTM	+0.0382%	4h	0.02590	−0.297%	$3.2M	$790K	75x	as long as short
Aftermath Perps MONUSD	+0.0422%	1h	0.02600	+0.085%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02590	−0.313%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.062%	$115K	$51K	50x	as long as short