Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.040%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$890.887% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.040%, 7d avg +0.018%

Together, before fees−0.070%−$7 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: ApeX Omni is 0.022% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02491	0.0100	pay 0.0050% / 4h	2h 43m	$919K	$1.0M	50x
Short	ApeX Omni MONUSDT	0.02492	0.0100	get 0.0013% / 1h	43m 00s	$68K	$527K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.018%: $2.18
Slippage, 4 orders: −$63.65
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$86.48
Costs to cover: 0.887%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; ApeX Omni: 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 Gate live order book, 4 min ago	6.01 bp	20.6 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	10.02 bp	22.0 bp −$22	111.5 bp −$1,115	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
Backpack MON_USDC_PERP	−0.0091%	1h	0.02492	+0.032%	$110K	$153K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02494	+0.116%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02491	+0.012%	$73K	$136K	25x	as long as short
Bybit MONUSDT	+0.0007%	8h	0.02488	−0.120%	$20.4M	$13.5M	50x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02496	+0.201%	$5K	$111	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02491	0.000%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02493	+0.080%	$836K	$732K	10x	as long as short
01 Exchange MONUSD	+0.0096%	1h	0.02489	−0.084%	$6K	$1K	5x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02491	−0.019%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02493	+0.092%	$404K	$586K	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	0.02492	+0.032%	$33.5M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02494	+0.113%	$100K	$218K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02493	+0.090%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02492	+0.040%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02491	0.000%	$23.7M	$27.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02491	0.000%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.361%	$103K	$1K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02491	long leg	$919K	$1.0M	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02499	+0.321%	$2.9M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02492	+0.040%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02490	−0.058%	$740K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02495	+0.180%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02495	+0.161%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02492	+0.040%	$68K	$527K	50x
SoDEX MON-USD	+0.0100%	1h	0.02490	−0.040%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02491	+0.001%	$48K	$285K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02490	−0.044%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0248%	1h	0.02495	+0.172%	$2K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0259% / S −0.0429%	1h	0.02490	−0.052%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02487	−0.161%	$1.3M	$335K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02492	+0.032%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.566%	$110K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1020%	1h	0.02494	+0.130%	$268K	$112K	10x	as long as short