Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.064%

Price spread now: KuCoin against edgeX+0.525%53s7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1231.233% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−1.205%−$120 · spread now +0.525%, 7d avg +0.116%

Together, before fees−1.231%+ Points / potential airdropedgeX: Active · farm board−$123 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: KuCoin is 0.410% dearer against edgeX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of +0.116%. The two prices were read 53 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	edgeX MONUSDC	0.02540	0.0100	pay 0.0050% / 4h	2h 26m	$43K	$247K	10x
Short	KuCoin MONUSDTM	0.02553	0.0100	get 0.0050% / 4h	2h 26m	$2.9M	$744K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.525%Rate

Funding earned: $0
Price spread: +0.525% → +0.116%: $40.97
Slippage, 4 orders: −$102.35
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$82.38
Costs to cover: 1.233%
Break-even: never at this rate

Slippage from edgeX: live order book, 41 min ago; KuCoin: live order book, 6 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, 41 min ago	7.72 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	11.82 bp	43.1 bp −$43	462.8 bp −$4,628	doesn't fit	doesn't fit

MON on 32 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	−0.0388%	1h	0.02522	−0.695%	$5K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0080%	8h	0.02552	+0.486%	$21.0M	$12.8M	50x	as long as short
01 Exchange MONUSD	0.0000%	1h	0.02556	+0.655%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02543	+0.131%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02553	+0.525%	$69K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0061%	4h	0.02553	+0.525%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02554	+0.565%	$851K	$742K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02553	+0.535%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02558	+0.718%	$410K	$545K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02555	+0.592%	$34.6M	$7.7M	5x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02552	+0.495%	$102K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02551	+0.449%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02553	+0.509%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02553	+0.522%	$24.3M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02553	+0.525%	$4.3M	$5.9M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02552	+0.486%	$957K	$904K	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02553	+0.525%	$2.9M	$744K	75x
Bitget MONUSDT	+0.0100%	4h	0.02554	+0.565%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02555	+0.608%	$121K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02533	−0.258%	$753K	$419K	—	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02540	long leg	$43K	$247K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02539	−0.026%	$570K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02541	+0.053%	$68K	$493K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02553	+0.525%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	+0.406%	$106K	$4K	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02556	+0.657%	$51K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02552	+0.506%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02553	+0.517%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0361%	1h	0.02539	−0.008%	$3K	$77K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02554	+0.569%	$156K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02553	+0.541%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0837%	1h	0.02554	+0.582%	$278K	$88K	10x	as long as short