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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.091%
Price spread now: Hyperliquid against edgeX−0.128%46s7-day average +0.147% · 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 7 days+0.171%+$17 on $10k
Price spread, last 4 days (all we have)−0.274%−$27 · spread now −0.128%, 7d avg +0.147%
Together, before fees−0.103%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.276% cheaper against edgeX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.147%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX MONUSDC0.025340.0100pay 0.0050% / 4h1h 18m$42K$250K10x
ShortHyperliquid MON0.025310.0100get 0.0013% / 1h18m 43s$34.2M$7.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: −0.128% → +0.147%
−$27.56
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$45.56
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: edgeX: live order book, 44 min ago; Hyperliquid: live order book, 4 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 edgeX live order book, 44 min ago7.88 bp19.4 bp −$19doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.99 bp13.8 bp −$14doesn't fitdoesn'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
Phoenix MON−0.0316%1h0.02531−0.124%$12K$367K5xas long as short
Backpack MON_USDC_PERP−0.0277%1h0.02532−0.101%$112K$151K10xas long as short
Injective MON/USDC PERP−0.0253%1h0.02535+0.038%$6K$1115.5xas long as short
Bybit MONUSDT−0.0159%8h0.02528−0.239%$20.7M$13.1M50xas long as short
01 Exchange MONUSD−0.0008%1h0.02528−0.239%$6K$1K5xas long as short
Perpl MON0.0000%43m0.02532−0.097%$105K$2.3M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02530−0.160%$68K$125K25xas long as short
Orderly PERP_MON_USDC+0.0084%4h0.02530−0.160%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02531−0.120%$844K$738K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02528−0.248%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02533−0.053%$413K$543K10xas long as short
Hyperliquid MONshort+0.0100%1h0.02531−0.128%$34.2M$7.5M5x
Aster MONUSDT+0.0100%4h0.02532−0.090%$101K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02531−0.110%$13K5xas long as short
Pacifica MON+0.0100%1h0.02530−0.160%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02529−0.217%$24.0M$26.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02528−0.239%$4.2M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02520−0.554%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02531−0.120%$944K$960K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02533−0.041%$2.9M$743K75xas long as short
Bitget MONUSDT+0.0100%4h0.02531−0.120%$2.7M$2.1M25xas long as short
Variational Omni MON+0.0100%8h0.02531−0.119%$753K$405Kas long as short
edgeX MONUSDClong+0.0100%4h0.02534long leg$42K$250K10x
GRVT MON_USDT_Perp+0.0100%4h0.02530−0.159%$566K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02537+0.117%$68K$501K50xas long as short
SoDEX MON-USD+0.0100%1h0.02529−0.199%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02531−0.120%$48K$518K10xas long as short
Aevo MON-PERP+0.0104%1h0.02528−0.219%$38K3xas long as short
Aftermath Perps MONUSD+0.0231%1h0.02531−0.101%$2K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02530−0.148%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02527−0.278%$1.3M$320K75xas long as short
Kraken Futures PF_MONUSD+0.0491%1h0.02533−0.024%$271K$110K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02541+0.282%$112K$58K50xas long as short