Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: Pacifica against GRVT+0.148%52s7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as 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−$1371.375% of the position

Long on GRVT Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 3 days (all we have)−0.495%−$49 · spread now +0.148%, 7d avg −0.061%

Together, before fees−0.475%+ Points / potential airdropGRVT: Active · Pacifica: Active · farm board−$47 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: Pacifica is 0.208% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.061%. The two prices were read 52 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	0.02598	0.0100	pay 0.0050% / 4h	2h 13m	$585K	$1.5M	10x
Short	Pacifica MON	0.02602	0.0100	get 0.0013% / 1h	13m 50s	$144K	$106K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → −0.061%: $20.82
Slippage, 4 orders: −$120.49
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$116.67
Costs to cover: 1.375%
Break-even: never at this rate

Slippage from GRVT: live order book, 4 min ago; Pacifica: live order book, 9 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	3.85 bp	40.0 bp −$40	215.8 bp −$2,158	doesn't fit	doesn't fit
Sell Pacifica live order book, 9 min ago	1.92 bp	24.8 bp −$25	doesn't fit	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	−0.0739%	1h	0.02599	+0.028%	$6K	$110	5.5x	as long as short
01 Exchange MONUSD	−0.0232%	1h	0.02600	+0.078%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0134%	1h	0.02601	+0.113%	$63K	$110K	25x	as long as short
Bybit MONUSDT	0.0000%	8h	0.02597	−0.033%	$21.7M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.024%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02598	−0.010%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02599	+0.044%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02601	+0.105%	$854K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02605	+0.257%	$381K	$531K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02603	+0.190%	$35.1M	$7.5M	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	0.02601	+0.091%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02602	+0.125%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02602	+0.148%	$144K	$106K	3x
Binance MONUSDT	+0.0100%	4h	0.02599	+0.028%	$24.7M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02595	−0.126%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02602	+0.144%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02601	+0.105%	$1.0M	$935K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02602	+0.144%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02596	−0.072%	$782K	$412K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02596	−0.088%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perplong	+0.0100%	4h	0.02598	long leg	$585K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02599	+0.028%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02599	+0.028%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02604	+0.209%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02600	+0.047%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02603	+0.197%	$268K	$67K	10x	as long as short
BloFin MON-USDT	+0.0139%	4h	0.02595	−0.126%	$1.4M	$246K	75x	as long as short
Aftermath Perps MONUSD	+0.0142%	1h	0.02599	+0.046%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02601	+0.121%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0314%	1h	0.02601	+0.090%	$138K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0392%	4h	0.02607	+0.336%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02600	+0.074%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.325%	$114K	$50K	50x	as long as short