Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate−0.144%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$800.804% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days+0.093%+$9 · spread now −0.144%, 7d avg −0.023%

Together, before fees+0.113%+$11 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: Binance is 0.121% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02592	0.0100	pay 0.0050% / 4h	1h 39m	$1.0M	$863K	50x
Short	Binance MONUSDT	0.02588	0.0100	get 0.0050% / 4h	1h 39m	$24.6M	$24.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.144%Rate

Funding earned: $0
Price spread: −0.144% → −0.023%: −$12.09
Slippage, 4 orders: −$55.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.49
Costs to cover: 0.804%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Binance: live order book, 2 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, 3 min ago	5.79 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.93 bp	18.2 bp −$18	72.1 bp −$721	360.1 bp −$36.0K	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
Injective MON/USDC PERP	−0.0053%	1h	0.02582	−0.386%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0037%	8h	0.02586	−0.231%	$21.5M	$11.8M	50x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0020%	1h	0.02589	−0.108%	$70K	$119K	25x	as long as short
01 Exchange MONUSD	−0.0008%	1h	0.02592	−0.012%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02590	−0.069%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02591	−0.023%	$144K	$1.8M	10x	as long as short
Aftermath Perps MONUSD	+0.0027%	1h	0.02590	−0.088%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02587	−0.193%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0076%	8h	0.02590	−0.083%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02591	−0.039%	$858K	$773K	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	0.02594	+0.073%	$35.1M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02591	−0.042%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02593	+0.044%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02592	0.000%	$143K	$107K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02588	−0.144%	$24.6M	$24.6M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02586	−0.231%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	−0.255%	$109K	$3K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02592	long leg	$1.0M	$863K	50x
Bitget MONUSDT	+0.0100%	4h	0.02591	−0.039%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02587	−0.185%	$780K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02589	−0.117%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02592	−0.015%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02590	−0.077%	$69K	$480K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02595	+0.117%	$389K	$537K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02588	−0.154%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02592	−0.002%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02588	−0.170%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02590	−0.064%	$267K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02591	−0.023%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02588	−0.154%	$1.4M	$294K	75x	as long as short
KuCoin MONUSDTM	+0.0358%	4h	0.02598	+0.231%	$3.3M	$727K	75x	as long as short
Backpack MON_USDC_PERP	+0.0396%	1h	0.02595	+0.131%	$139K	$136K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+0.567%	$114K	$49K	50x	as long as short