Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: ApeX Omni against GRVT−0.039%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$870.867% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 3 days (all we have)−0.106%−$11 · spread now −0.039%, 7d avg −0.043%

Together, before fees−0.138%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MON_USDT_Perp	0.02573	0.0100	pay 0.0050% / 4h	27m 32s	$583K	$1.5M	10x
Short	ApeX Omni MONUSDT	0.02572	0.0100	get 0.0013% / 1h	27m 32s	$69K	$481K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → −0.043%: $0.37
Slippage, 4 orders: −$67.74
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$86.37
Costs to cover: 0.867%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; ApeX Omni: live order book, 50 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 GRVT live order book, 1 min ago	1.95 bp	25.8 bp −$26	155.3 bp −$1,553	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 50 min ago	13.59 bp	22.7 bp −$23	119.4 bp −$1,194	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	−0.0121%	1h	0.02576	+0.117%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0072%	1h	0.02569	−0.136%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0032%	8h	0.02566	−0.272%	$21.2M	$12.1M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02572	−0.051%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02569	−0.136%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02568	−0.194%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0084%	1h	0.02574	+0.057%	$2K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02567	−0.222%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02569	−0.155%	$853K	$793K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02573	−0.016%	$34.8M	$7.6M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02568	−0.194%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02570	−0.123%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02569	−0.167%	$142K	$105K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02568	−0.194%	$24.5M	$25.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02567	−0.233%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	−0.117%	$108K	$390	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02568	−0.194%	$978K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02571	−0.078%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02569	−0.159%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02568	−0.186%	$778K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02569	−0.175%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perplong	+0.0100%	4h	0.02573	long leg	$583K	$1.5M	10x
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02572	−0.039%	$69K	$481K	50x
Nado MON-PERP	+0.0100%	1h	0.02574	+0.047%	$392K	$544K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02568	−0.194%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02573	+0.012%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02568	−0.175%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0258%	4h	0.02573	0.000%	$3.0M	$716K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02569	−0.148%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02570	−0.117%	$1.4M	$308K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0420%	1h	0.02572	−0.020%	$270K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02569	−0.144%	$125K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.395%	$115K	$50K	50x	as long as short