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 +0.060%

Price spread now: KuCoin against GRVT+0.970%98s7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as 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−$1461.455% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days−1.074%−$107 · spread now +0.970%, 7d avg −0.021%

Together, before fees−1.072%+ Points / potential airdropGRVT: Active · farm board−$107 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: KuCoin is 0.991% dearer against GRVT than usual: you sell high and buy low, +$99 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 98 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	0.02477	0.0100	pay 0.0050% / 4h	2h 19m	$550K	$1.5M	10x
Short	KuCoin MONUSDTM	0.02501	0.0100	get 0.0050% / 4h	2h 19m	$2.9M	$764K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.970%Rate

Funding earned: $0
Price spread: +0.970% → −0.021%: $99.12
Slippage, 4 orders: −$124.52
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.4
Costs to cover: 1.455%
Break-even: never at this rate

Slippage from GRVT: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago	2.02 bp	37.8 bp −$38	1149.8 bp −$11.5K	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	12.02 bp	39.6 bp −$40	470.6 bp −$4,706	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
Backpack MON_USDC_PERP	−0.0117%	1h	0.02501	+0.974%	$116K	$154K	10x	as long as short
Bybit MONUSDT	−0.0019%	8h	0.02498	+0.849%	$20.5M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02477	+0.005%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02496	+0.756%	$73K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0008%	1h	0.02496	+0.768%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.485%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02493	+0.647%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02495	+0.728%	$815K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02495	+0.742%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02499	+0.881%	$409K	$571K	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	0.02500	+0.934%	$33.5M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02500	+0.920%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02495	+0.739%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02494	+0.703%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02500	+0.920%	$23.7M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02499	+0.889%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	+0.102%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02499	+0.889%	$935K	$1.0M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02501	+0.970%	$2.9M	$764K	75x
Bitget MONUSDT	+0.0100%	4h	0.02500	+0.930%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02488	+0.428%	$733K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02475	−0.086%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perplong	+0.0100%	4h	0.02477	long leg	$550K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02476	−0.039%	$67K	$529K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02495	+0.728%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02502	+0.993%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02496	+0.772%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0152%	1h	0.02481	+0.179%	$5K	$81K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02495	+0.744%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02487	+0.405%	$1.3M	$348K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02496	+0.760%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+2.141%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1019%	1h	0.02497	+0.810%	$268K	$119K	10x	as long as short