Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0146%/8h= +16.0% APRnext payment +$0.73 per $10,000 · paid last 24h +0.057%
Price spread now: KuCoin against Gate+0.117%7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1491.492% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.014%−$1 on $10k
Price spread, last 7 days−0.197%−$20 · spread now +0.117%, 7d avg +0.034%
Together, before fees−0.211%−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.034%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate MON_USDT0.025740.0100pay 0.0050% / 4h58m 03s$993K$866K50x
ShortKuCoin MONUSDTM0.025770.0246get 0.0123% / 4h58m 03s$3.0M$710K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$30.66
Price spread: +0.117% → +0.034%
$8.21
Slippage, 4 orders
−$122.16
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$110.29
Costs to cover
1.492%
Break-even
32.2 days
Slippage from Gate: live order book, 19 min ago; KuCoin: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 19 min ago7.76 bp21.1 bp −$21doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 9 min ago11.72 bp58.4 bp −$58471.1 bp −$4,711doesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack MON_USDC_PERP−0.0134%1h0.02573−0.043%$128K$141K10xas long as short
Injective MON/USDC PERP−0.0121%1h0.02575+0.039%$6K$1035.5xas long as short
Bybit MONUSDT−0.0072%8h0.02568−0.218%$21.3M$11.9M50xas long as short
01 Exchange MONUSD−0.0024%1h0.02575+0.039%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02560−0.559%$13K$353K5xas long as short
Perpl MON0.0000%43m0.02576+0.085%$128K$1.8M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02575+0.023%$70K$119K25xas long as short
Aftermath Perps MONUSD+0.0029%1h0.02565−0.348%$2K$74K10xas long as short
Orderly PERP_MON_USDC+0.0066%4h0.02573−0.039%$17K$64K10xas long as short
Paradex MON-USD-PERP+0.0090%8h0.02574−0.009%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MON+0.0096%1h0.025740.000%$859K$764K10xas long as short
Variational Omni MON+0.0099%8h0.02554−0.771%$772K$408Kas long as short
Nado MON-PERP+0.0100%1h0.02577+0.112%$392K$544K10xas long as short
Hyperliquid MON+0.0100%1h0.02574+0.012%$34.8M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02576+0.070%$108K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02573−0.034%$13K5xas long as short
Pacifica MON+0.0100%1h0.02572−0.078%$142K$105K3xas long as short
Binance MONUSDT+0.0100%4h0.02572−0.092%$24.5M$25.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02568−0.233%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02555−0.738%$107K$3K10xas long as short
Gate MON_USDTlong+0.0100%4h0.02574long leg$993K$866K50x
Bitget MONUSDT+0.0100%4h0.02573−0.039%$2.7M$1.8M25xas long as short
edgeX MONUSDC+0.0100%4h0.02560−0.551%$47K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02558−0.608%$574K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02560−0.544%$68K$483K50xas long as short
SoDEX MON-USD+0.0100%1h0.02573−0.039%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02572−0.064%$51K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02583+0.346%$39K3xas long as short
KuCoin MONUSDTMshort+0.0246%4h0.02577+0.117%$3.0M$710K75x
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02574+0.016%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02563−0.427%$1.3M$306K75xas long as short
Kraken Futures PF_MONUSD+0.0419%1h0.02576+0.095%$271K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0480%1h0.02579+0.202%$114K$50K50xas long as short