Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0329%/8h= +36.1% APRpaid last 24h +0.086%

Price spread now: GMX against Gate−0.052%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.052% cheaper against Gate than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02521	0.0100	pay 0.0050% / 4h	3h 33m	$943K	$982K	50x
Short	GMX MON/USD [ETH-USDC]	0.02520	L +0.0260% / S −0.0429%	get 0.0054% / 1h	33m 03s	$9K	—	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $69.15
Price spread: −0.052% → 0.000%: −$5.16
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $36.99
Costs to cover: 0.270%
Break-even: 3.3 days

Slippage unknown: Gate: live order book, 19 min ago; GMX: no order-book sample. Net counts fees only.

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, 19 min ago	3.95 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0203%	1h	0.02523	+0.079%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0026%	8h	0.02519	−0.060%	$20.7M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02522	+0.036%	$12K	$358K	5x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02521	0.000%	$16K	$48K	10x	as long as short
Backpack MON_USDC_PERP	+0.0091%	1h	0.02522	+0.024%	$112K	$151K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02522	+0.040%	$845K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02520	−0.057%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02522	+0.053%	$412K	$584K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02522	+0.040%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02521	−0.003%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02521	−0.009%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02520	−0.032%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02520	−0.032%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02520	−0.040%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	−0.040%	$103K	$2K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02521	long leg	$943K	$982K	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02524	+0.119%	$2.9M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02522	+0.040%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02519	−0.097%	$746K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02521	+0.001%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02523	+0.075%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02523	+0.079%	$68K	$518K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02521	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02522	+0.056%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02520	−0.048%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0200%	1h	0.02522	+0.052%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0226%	1h	0.02521	+0.008%	$74K	$136K	25x	as long as short
GMX MON/USD [ETH-USDC]short	L +0.0260% / S −0.0429%	1h	0.02520	−0.052%	$9K	—	50x
Aftermath Perps MONUSD	+0.0324%	1h	0.02521	+0.004%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02521	0.000%	$1.3M	$340K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02526	+0.210%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02521	−0.012%	$114K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0723%	1h	0.02524	+0.106%	$271K	$113K	10x	as long as short