Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.015%

Price spread now: Deribit against Gate+0.016%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$690.687% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now +0.016%, 7d avg +0.036%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.020% cheaper against Gate than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.036%). If the spread goes back, that is −$2 on $10k: about 6.6 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02499	0.0100	pay 0.0050% / 4h	1h 08m	$931K	$1.0M	50x
Short	Deribit MON_USDC-PERPETUAL	0.02499	0.0110	get 0.0014% / 1h	8m 05s	$73K	$138K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.016%Rate

Funding earned: $2.15
Price spread: +0.016% → +0.036%: −$2.04
Slippage, 4 orders: −$46.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$68.56
Costs to cover: 0.687%
Break-even: 230.6 days

Slippage from Gate: live order book, 4 min ago; Deribit: live order book, 11 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	6.00 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 11 min ago	9.00 bp	12.5 bp −$12	doesn't fit	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
Phoenix MON	0.0000%	1h	0.02501	+0.072%	$13K	$353K	5x	as long as short
Perpl MON	0.0000%	43m	0.02500	+0.060%	$126K	$2.2M	10x	as long as short
Orderly PERP_MON_USDC	+0.0087%	4h	0.02500	+0.040%	$16K	$48K	10x	as long as short
Bybit MONUSDT	+0.0096%	8h	0.02497	−0.080%	$20.6M	$13.7M	50x	as long as short
Lighter MON	+0.0096%	1h	0.02501	+0.080%	$802K	$787K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02497	−0.069%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02502	+0.101%	$393K	$575K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02500	+0.022%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02499	−0.010%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02499	−0.008%	$138K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02498	−0.038%	$23.7M	$27.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02498	−0.040%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02500	+0.040%	$103K	−$0	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02499	long leg	$931K	$1.0M	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02504	+0.200%	$2.9M	$767K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02501	+0.080%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02501	+0.084%	$110K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02499	−0.018%	$741K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02497	−0.062%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02504	+0.188%	$565K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02501	+0.080%	$68K	$534K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02499	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02503	+0.149%	$47K	$268K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02499	−0.020%	$38K	—	3x	as long as short
Injective MON/USDC PERP	+0.0109%	1h	0.02500	+0.040%	$5K	$113	5.5x	as long as short
Deribit MON_USDC-PERPETUALshort	+0.0110%	1h	0.02499	+0.016%	$73K	$138K	25x
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02499	−0.020%	$6K	—	50x	as long as short
01 Exchange MONUSD	+0.0264%	1h	0.02499	+0.004%	$6K	$3K	5x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	+0.040%	$1.3M	$348K	75x	as long as short
Hyperliquid MON	+0.0372%	1h	0.02502	+0.128%	$33.8M	$7.8M	5x	as long as short
Aftermath Perps MONUSD	+0.0403%	1h	0.02500	+0.036%	$6K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0576%	1h	0.02511	+0.488%	$110K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0845%	1h	0.02501	+0.086%	$269K	$119K	10x	as long as short