Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Extended+0.010%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)−0.531%−$53 · spread now +0.010%, 7d avg −0.082%

Together, before fees−0.583%+ Points / potential airdropExtended: Active · farm board−$58 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: Bitget is 0.092% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02603	0.0104	pay 0.0013% / 1h	2m 06s	$52K	$407K	10x
Short	Bitget MONUSDT	0.02603	0.0100	get 0.0050% / 4h	3h 02m	$2.8M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$0.84
Price spread: +0.010% → −0.082%: $9.17
Slippage, 4 orders: −$82.68
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$91.35
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Extended: live order book, 25 min ago; Bitget: live order book, 5 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 Extended live order book, 25 min ago	3.88 bp	25.7 bp −$26	208.2 bp −$2,082	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.68 bp	27.7 bp −$28	73.3 bp −$733	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	−0.0181%	1h	0.02581	−0.835%	$6K	$111	5.5x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02601	−0.086%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0008%	8h	0.02598	−0.182%	$21.8M	$11.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02615	+0.486%	$14K	$374K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02602	−0.017%	$64K	$103K	25x	as long as short
BloFin MON-USDT	+0.0066%	4h	0.02605	+0.087%	$1.4M	$247K	75x	as long as short
Orderly PERP_MON_USDC	+0.0093%	4h	0.02601	−0.067%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02601	−0.067%	$852K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02602	−0.035%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02605	+0.095%	$347K	$536K	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	0.02602	−0.029%	$35.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02601	−0.086%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02605	+0.076%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02603	+0.010%	$144K	$108K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02600	−0.098%	$24.8M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02599	−0.144%	$4.4M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	−0.681%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02602	−0.029%	$1.0M	$955K	50x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02603	+0.010%	$2.8M	$1.8M	25x
Backpack MON_USDC_PERP	+0.0100%	1h	0.02601	−0.048%	$137K	$137K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02605	+0.089%	$781K	$403K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02601	−0.066%	$48K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02602	−0.029%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02612	+0.356%	$69K	$484K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02600	−0.105%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02603	long leg	$52K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02601	−0.048%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0314% / S −0.1052%	1h	0.02601	−0.048%	$14K	—	50x	as long as short
Kraken Futures PF_MONUSD	+0.0328%	1h	0.02603	+0.010%	$260K	$59K	10x	as long as short
KuCoin MONUSDTM	+0.0394%	4h	0.02608	+0.202%	$3.2M	$785K	75x	as long as short
Aftermath Perps MONUSD	+0.0416%	1h	0.02604	+0.037%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02603	−0.002%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0496%	1h	0.02625	+0.867%	$115K	$51K	50x	as long as short