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 0.000%

Price spread now: OKX against edgeX+0.433%81s7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as 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−$720.722% of the position

Long on edgeX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)−0.469%−$47 · spread now +0.433%, 7d avg −0.016%

Together, before fees−0.510%+ Points / potential airdropedgeX: Active · farm board−$51 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: OKX is 0.449% dearer against edgeX than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 81 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	0.02567	0.0100	pay 0.0050% / 4h	56m 14s	$47K	$242K	10x
Short	OKX MON-USDT-SWAP	0.02578	0.0100	get 0.0050% / 4h	56m 14s	$4.4M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.433%Rate

Funding earned: $0
Price spread: +0.433% → −0.016%: $44.91
Slippage, 4 orders: −$53.22
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$27.31
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from edgeX: live order book, 21 min ago; OKX: live order book, 2 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, 21 min ago	7.77 bp	18.3 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.89 bp	18.7 bp −$19	97.7 bp −$977	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	−0.0121%	1h	0.02575	+0.316%	$6K	$103	5.5x	as long as short
01 Exchange MONUSD	−0.0096%	1h	0.02581	+0.530%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0074%	8h	0.02581	+0.530%	$21.4M	$11.9M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.335%	$13K	$360K	5x	as long as short
Perpl MON	0.0000%	43m	0.02580	+0.522%	$128K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02585	+0.694%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0013%	1h	0.02568	+0.057%	$2K	$74K	10x	as long as short
Backpack MON_USDC_PERP	+0.0061%	1h	0.02582	+0.593%	$128K	$141K	10x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02583	+0.628%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0090%	8h	0.02578	+0.437%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02585	+0.706%	$862K	$773K	10x	as long as short
Variational Omni MON	+0.0099%	8h	0.02554	−0.496%	$772K	$408K	—	as long as short
Hyperliquid MON	+0.0100%	1h	0.02582	+0.600%	$34.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02582	+0.574%	$109K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02580	+0.505%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02579	+0.484%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02582	+0.589%	$24.6M	$25.0M	75x	as long as short
OKX MON-USDT-SWAPshort	+0.0100%	4h	0.02578	+0.433%	$4.4M	$5.9M	50x
Bulk MON-USD	+0.0100%	1h	0.02555	−0.463%	$107K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02582	+0.589%	$996K	$867K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02584	+0.667%	$2.7M	$1.8M	25x	as long as short
edgeX MONUSDClong	+0.0100%	4h	0.02567	long leg	$47K	$242K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02558	−0.332%	$574K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02568	+0.043%	$68K	$482K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02581	+0.537%	$392K	$545K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02583	+0.628%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02585	+0.689%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02584	+0.671%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0240%	4h	0.02588	+0.822%	$3.0M	$711K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02584	+0.651%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	+0.394%	$1.3M	$308K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0418%	1h	0.02586	+0.747%	$272K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02583	+0.608%	$114K	$50K	50x	as long as short