Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h +0.040%

Price spread now: 01 Exchange against Gate+0.036%7-day average — · you sell dearer than you buy

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

Long on Gate Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. 01 Exchange is 0.036% dearer against Gate than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MON_USDT	0.02533	0.0100	pay 0.0050% / 4h	1h 44m	$947K	$916K	50x
Short	01 Exchange MONUSD	0.02534	−0.0096	pay 0.0012% / 1h	44m 11s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$41.16
Price spread: +0.036% → 0.000%: $3.55
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$59.61
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 18 min ago; 01 Exchange: 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, 18 min ago	3.94 bp	21.1 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Phoenix MON	−0.0316%	1h	0.02530	−0.118%	$13K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0259%	1h	0.02541	+0.328%	$114K	$152K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02531	−0.079%	$5K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0127%	8h	0.02533	0.000%	$20.8M	$12.9M	50x	as long as short
01 Exchange MONUSDshort	−0.0096%	1h	0.02534	+0.036%	$6K	$1K	5x
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02534	+0.059%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0076%	4h	0.02534	+0.039%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02535	+0.079%	$845K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02536	+0.130%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02536	+0.127%	$408K	$539K	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	0.02536	+0.122%	$34.4M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02534	+0.038%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02539	+0.227%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02537	+0.158%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02534	+0.042%	$24.2M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02533	0.000%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	−0.118%	$105K	$4K	10x	as long as short
Gate MON_USDTlong	+0.0100%	4h	0.02533	long leg	$947K	$916K	50x
KuCoin MONUSDTM	+0.0100%	4h	0.02534	+0.039%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02535	+0.079%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02523	−0.392%	$749K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02525	−0.306%	$43K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02529	−0.165%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02529	−0.158%	$68K	$498K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02533	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02536	+0.117%	$50K	$521K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02534	+0.047%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02533	+0.008%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0290%	1h	0.02532	−0.031%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02530	−0.118%	$1.3M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02534	+0.059%	$106K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0491%	1h	0.02536	+0.122%	$270K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02530	−0.138%	$111K	$52K	50x	as long as short