Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.012%

Price spread now: BloFin against Extended−0.044%74s7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as 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−$820.823% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 3 days (all we have)+0.248%+$25 · spread now −0.044%, 7d avg −0.088%

Together, before fees+0.414%+ Points / potential airdropExtended: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.045% dearer against Extended than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.088%. The two prices were read 74 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	Extended MON-USD	0.02571	0.0104	pay 0.0013% / 1h	11m 50s	$52K	$407K	10x
Short	BloFin MON-USDT	0.02570	0.0340	get 0.0170% / 4h	1h 11m	$1.3M	$292K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $49.56
Price spread: −0.044% → −0.088%: $4.45
Slippage, 4 orders: −$65.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.33
Costs to cover: 0.823%
Break-even: 11.0 days

Slippage from Extended: live order book, 6 min ago; BloFin: 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 Extended live order book, 6 min ago	5.83 bp	27.7 bp −$28	216.9 bp −$2,169	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	3.88 bp	9.9 bp −$10	27.5 bp −$275	160.3 bp −$16.0K	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
Bybit MONUSDT	−0.0060%	8h	0.02565	−0.257%	$21.3M	$11.8M	50x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02575	+0.151%	$6K	$109	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.178%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02568	−0.106%	$142K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02570	−0.032%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0026%	1h	0.02574	+0.127%	$2K	$73K	10x	as long as short
01 Exchange MONUSD	+0.0032%	1h	0.02569	−0.086%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02567	−0.160%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0086%	8h	0.02567	−0.178%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02570	−0.044%	$851K	$773K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02572	+0.017%	$387K	$540K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02571	+0.007%	$34.8M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02571	−0.013%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02569	−0.069%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02568	−0.121%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02567	−0.159%	$24.4M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02567	−0.160%	$4.4M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02578	+0.251%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02569	−0.082%	$995K	$873K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02569	−0.082%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02568	−0.117%	$127K	$138K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02571	+0.002%	$779K	$406K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	+0.131%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	+0.229%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02576	+0.190%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02569	−0.082%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02571	long leg	$52K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02569	−0.079%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02572	+0.033%	$270K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02569	−0.075%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0300%	4h	0.02573	+0.073%	$3.2M	$667K	75x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02570	−0.044%	$1.3M	$292K	75x
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.384%	$114K	$49K	50x	as long as short