Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0420%/8h= −46.0% APRpaid last 24h +0.032%

Price spread now: 01 Exchange against GRVT+0.155%7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. 01 Exchange is 0.155% dearer against GRVT than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT MON_USDT_Perp	0.02511	0.0100	pay 0.0050% / 4h	29m 01s	$563K	$1.5M	10x
Short	01 Exchange MONUSD	0.02515	−0.0320	pay 0.0040% / 1h	29m 01s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.155%Rate

Funding earned: −$88.2
Price spread: +0.155% → 0.000%: $15.5
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$88.7
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 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 GRVT live order book, 4 min ago	19.94 bp	57.3 bp −$57	2000.6 bp −$20.0K	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
01 Exchange MONUSDshort	−0.0320%	1h	0.02515	+0.155%	$6K	$1K	5x
Backpack MON_USDC_PERP	−0.0220%	1h	0.02514	+0.095%	$114K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0176%	1h	0.02498	−0.530%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0152%	8h	0.02509	−0.108%	$20.6M	$13.3M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02515	+0.131%	$12K	$359K	5x	as long as short
Perpl MON	0.0000%	43m	0.02515	+0.139%	$108K	$2.3M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02516	+0.175%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0071%	4h	0.02515	+0.147%	$16K	$41K	10x	as long as short
Variational Omni MON	+0.0077%	8h	0.02509	−0.089%	$741K	$409K	—	as long as short
Paradex MON-USD-PERP	+0.0091%	8h	0.02513	+0.073%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter MON	+0.0096%	1h	0.02515	+0.147%	$847K	$749K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02516	+0.199%	$428K	$573K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02514	+0.091%	$33.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02517	+0.213%	$101K	$222K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02519	+0.288%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02517	+0.243%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02510	−0.050%	$23.9M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02507	−0.172%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02495	−0.659%	$102K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02515	+0.147%	$943K	$992K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02517	+0.227%	$2.8M	$752K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02515	+0.147%	$2.7M	$2.2M	25x	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02509	−0.077%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perplong	+0.0100%	4h	0.02511	long leg	$563K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02503	−0.331%	$67K	$508K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02514	+0.107%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02516	+0.193%	$48K	$521K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02514	+0.107%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0244%	1h	0.02507	−0.180%	$2K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02515	+0.139%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02520	+0.346%	$1.3M	$340K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0408%	1h	0.02528	+0.677%	$110K	$58K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0541%	1h	0.02518	+0.255%	$270K	$114K	10x	as long as short