Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.021%

Price spread now: GRVT against Extended+0.329%72s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as 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−$1271.268% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)+0.210%+$21 · spread now +0.329%, 7d avg −0.023%

Together, before fees+0.189%+ Points / potential airdropExtended: Active · GRVT: Active · farm board+$19 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: GRVT is 0.352% dearer against Extended than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of −0.023%. The two prices were read 72 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	0.02596	0.0104	pay 0.0013% / 1h	58m 00s	$52K	$407K	10x
Short	GRVT MON_USDT_Perp	0.02605	0.0100	get 0.0050% / 4h	2h 58m	$584K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.329%Rate

Funding earned: −$0.84
Price spread: +0.329% → −0.023%: $35.2
Slippage, 4 orders: −$112.77
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$92.41
Costs to cover: 1.268%
Break-even: never at this rate

Slippage from Extended: live order book, 29 min ago; GRVT: 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, 29 min ago	3.88 bp	25.7 bp −$26	208.2 bp −$2,082	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	1.92 bp	31.6 bp −$32	246.8 bp −$2,468	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	−0.0739%	1h	0.02581	−0.596%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0200%	1h	0.02596	−0.033%	$6K	$1K	5x	as long as short
Bybit MONUSDT	0.0000%	8h	0.02590	−0.249%	$21.7M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02602	+0.202%	$14K	$371K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02596	−0.014%	$64K	$103K	25x	as long as short
Orderly PERP_MON_USDC	+0.0093%	4h	0.02595	−0.056%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02594	−0.095%	$850K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02596	−0.014%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02598	+0.050%	$346K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02594	−0.079%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02599	+0.082%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02600	+0.123%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02599	+0.098%	$144K	$108K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02592	−0.172%	$24.7M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02589	−0.287%	$4.4M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02610	+0.521%	$110K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02594	−0.095%	$1.0M	$923K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02595	−0.056%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02602	+0.196%	$779K	$403K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02604	+0.296%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02605	+0.329%	$584K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02604	+0.290%	$69K	$485K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.133%	$5K	$6K	5x	as long as short
Extended MON-USDlong	+0.0104%	1h	0.02596	long leg	$52K	$407K	10x
Aevo MON-PERP	+0.0104%	1h	0.02595	−0.072%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02596	−0.013%	$260K	$60K	10x	as long as short
BloFin MON-USDT	+0.0146%	4h	0.02598	+0.059%	$1.4M	$247K	75x	as long as short
Backpack MON_USDC_PERP	+0.0188%	1h	0.02592	−0.156%	$136K	$136K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0314% / S −0.1052%	1h	0.02596	−0.006%	$14K	—	50x	as long as short
KuCoin MONUSDTM	+0.0386%	4h	0.02599	+0.098%	$3.1M	$790K	75x	as long as short
Aftermath Perps MONUSD	+0.0425%	1h	0.02602	+0.195%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02598	+0.063%	$146K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.111%	$115K	$51K	50x	as long as short