Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0153%/8h= −16.7% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate−0.209%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 7 days+0.144%+$14 · spread now −0.209%, 7d avg −0.098%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.111% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.098%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02579	0.0100	pay 0.0050% / 4h	1h 24m	$1.0M	$872K	50x
Short	Bybit MONUSDT	0.02574	−0.0053	pay 0.0053% / 8h	1h 24m	$21.4M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.209%Rate

Funding earned: −$32.12
Price spread: −0.209% → −0.098%: −$11.1
Slippage, 4 orders: −$74.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$144.17
Costs to cover: 1.010%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 4 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	5.83 bp	26.1 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.83 bp	25.2 bp −$25	76.4 bp −$764	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	−0.0053%	1h	0.02582	+0.116%	$6K	$108	5.5x	as long as short
Bybit MONUSDTshort	−0.0053%	8h	0.02574	−0.209%	$21.4M	$11.8M	50x
01 Exchange MONUSD	−0.0024%	1h	0.02582	+0.109%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02575	−0.167%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02581	+0.062%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02579	−0.012%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0036%	1h	0.02578	−0.043%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02575	−0.155%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0082%	8h	0.02578	−0.020%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02582	+0.116%	$855K	$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	0.02585	+0.222%	$389K	$539K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02583	+0.159%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02579	−0.004%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02579	+0.004%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02581	+0.074%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02579	−0.010%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02573	−0.233%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	−0.349%	$108K	$3K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02579	long leg	$1.0M	$872K	50x
Bitget MONUSDT	+0.0100%	4h	0.02580	+0.039%	$2.7M	$1.8M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02579	−0.008%	$138K	$134K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−0.245%	$780K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02573	−0.235%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02576	−0.118%	$578K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02574	−0.194%	$69K	$479K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02578	−0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02583	+0.172%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02575	−0.151%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02581	+0.096%	$271K	$77K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02580	+0.043%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0302%	4h	0.02584	+0.194%	$3.2M	$697K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02575	−0.155%	$1.4M	$293K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.074%	$114K	$49K	50x	as long as short