Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Bitget against GRVT−0.240%73s7-day average −0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1151.149% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.240%, 7d avg −0.074%

Together, before fees+0.096%+ Points / potential airdropGRVT: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.165% cheaper against GRVT than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.074%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MON_USDT_Perp	0.02501	0.0100	pay 0.0050% / 4h	24m 26s	$564K	$1.5M	10x
Short	Bitget MONUSDT	0.02495	0.0100	get 0.0050% / 4h	24m 26s	$2.7M	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → −0.074%: −$16.53
Slippage, 4 orders: −$93.85
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$131.38
Costs to cover: 1.149%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago	3.99 bp	45.9 bp −$46	1129.0 bp −$11.3K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.00 bp	22.5 bp −$22	66.7 bp −$667	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	−0.0032%	1h	0.02503	+0.080%	$5K	$111	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02500	−0.028%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02494	−0.296%	$123K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02493	−0.304%	$72K	$138K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02494	−0.280%	$800K	$785K	10x	as long as short
Backpack MON_USDC_PERP	+0.0096%	1h	0.02495	−0.224%	$109K	$157K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02491	−0.408%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02497	−0.161%	$390K	$578K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02494	−0.280%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02495	−0.230%	$12K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02495	−0.248%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02492	−0.360%	$23.7M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02491	−0.400%	$20.7M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02492	−0.360%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02498	−0.110%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02494	−0.280%	$936K	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02496	−0.200%	$2.9M	$766K	75x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02495	−0.240%	$2.7M	$2.3M	25x
Variational Omni MON	+0.0100%	8h	0.02491	−0.418%	$739K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02499	−0.097%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perplong	+0.0100%	4h	0.02501	long leg	$564K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02501	0.000%	$68K	$541K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02493	−0.320%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02493	−0.320%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02496	−0.199%	$47K	$314K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02492	−0.376%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0159%	1h	0.02496	−0.220%	$33.7M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02492	−0.364%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02495	−0.232%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02494	−0.280%	$1.3M	$337K	75x	as long as short
Aftermath Perps MONUSD	+0.0577%	1h	0.02498	−0.114%	$5K	$101K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.552%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1208%	1h	0.02496	−0.194%	$268K	$119K	10x	as long as short