Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.014%

Price spread now: Bybit against Extended−0.163%7-day average −0.203% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on Extended Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.163%, 7d avg −0.203%

Together, before fees−0.162%+ Points / potential airdropExtended: Active · farm board−$16 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: Bybit is 0.040% dearer against Extended than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.203%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended MON-USD	0.02580	0.0104	pay 0.0013% / 1h	21m 04s	$49K	$520K	10x
Short	Bybit MONUSDT	0.02576	0.0100	get 0.0100% / 8h	7h 21m	$21.4M	$12.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.163%Rate

Funding earned: −$0.84
Price spread: −0.163% → −0.203%: $4.05
Slippage, 4 orders: −$75.76
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$88.55
Costs to cover: 0.918%
Break-even: never at this rate

Slippage from Extended: live order book, 51 min ago; Bybit: live order book, 3 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, 51 min ago	5.87 bp	28.0 bp −$28	279.4 bp −$2,794	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	1.94 bp	19.8 bp −$20	59.8 bp −$598	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	−0.0444%	1h	0.02576	−0.163%	$6K	$107	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0060%	1h	0.02579	−0.035%	$70K	$119K	25x	as long as short
Phoenix MON	0.0000%	1h	0.02577	−0.116%	$13K	$351K	5x	as long as short
01 Exchange MONUSD	+0.0056%	1h	0.02575	−0.202%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0066%	4h	0.02577	−0.124%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02575	−0.199%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02581	+0.031%	$860K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02582	+0.089%	$394K	$528K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02581	+0.027%	$35.1M	$7.3M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02580	−0.007%	$107K	$231K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02579	−0.064%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02578	−0.093%	$142K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02576	−0.174%	$24.6M	$25.3M	75x	as long as short
Bybit MONUSDTshort	+0.0100%	8h	0.02576	−0.163%	$21.4M	$12.1M	50x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02576	−0.163%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.008%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02578	−0.085%	$975K	$910K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02578	−0.085%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02578	−0.078%	$129K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02576	−0.160%	$775K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02579	−0.053%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02584	+0.147%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02583	+0.109%	$69K	$486K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02577	−0.124%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02580	long leg	$49K	$520K	10x
Aevo MON-PERP	+0.0104%	1h	0.02578	−0.089%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0158%	4h	0.02583	+0.109%	$3.0M	$718K	75x	as long as short
Aftermath Perps MONUSD	+0.0188%	1h	0.02581	+0.016%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02579	−0.031%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02577	−0.124%	$1.4M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02576	−0.143%	$167K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0463%	1h	0.02582	+0.053%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02584	+0.151%	$113K	$51K	50x	as long as short