Settings8H · net · $10k
Funding arb · Price arb /

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.117%
Price spread now: Aevo against Hyperliquid−0.174%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.174% cheaper against Hyperliquid than usual: you would sell low and buy high, −$17 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid MON0.025840.0100pay 0.0013% / 1h37m 12s$34.9M$7.6M5x
ShortAevo MON-PERP0.025790.0104get 0.0013% / 1h37m 12s$39K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against Hyperliquid. 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

Funding earned
$0.84
Price spread: −0.174% → 0.000%
−$17.42
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$41.58
Costs to cover
0.250%
Break-even
353.5 days
Slippage unknown: Hyperliquid: live order book, 6 min ago; Aevo: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 6 min ago3.86 bp13.5 bp −$14doesn't fitdoesn't fitdoesn't fit
Sell Aevo no order-book sample
Aevo: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0121%1h0.02575−0.329%$6K$1065.5xas long as short
01 Exchange MONUSD−0.0048%1h0.02579−0.174%$6K$1K5xas long as short
Bybit MONUSDT−0.0040%8h0.02574−0.368%$21.3M$12.0M50xas long as short
Phoenix MON0.0000%1h0.02585+0.074%$13K$360K5xas long as short
Perpl MON0.0000%43m0.02581−0.097%$126K$1.8M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02580−0.124%$70K$119K25xas long as short
Orderly PERP_MON_USDC+0.0066%4h0.02579−0.174%$17K$64K10xas long as short
Aftermath Perps MONUSD+0.0080%1h0.02586+0.083%$2K$75K10xas long as short
Paradex MON-USD-PERP+0.0093%8h0.02579−0.178%$8K$425xas long as short
Lighter MON+0.0096%1h0.02580−0.135%$857K$793K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02586+0.078%$394K$544K10xas long as short
Hyperliquid MONlong+0.0100%1h0.02584long leg$34.9M$7.6M5x
Aster MONUSDT+0.0100%4h0.02580−0.122%$109K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02582−0.074%$13K5xas long as short
Pacifica MON+0.0100%1h0.02581−0.097%$142K$105K3xas long as short
Binance MONUSDT+0.0100%4h0.02575−0.333%$24.5M$25.3M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02576−0.290%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02585+0.053%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02580−0.135%$983K$907K50xas long as short
Bitget MONUSDT+0.0100%4h0.02581−0.097%$2.7M$1.8M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02582−0.050%$128K$141K10xas long as short
Variational Omni MON+0.0100%8h0.02582−0.051%$780K$408Kas long as short
edgeX MONUSDC+0.0100%4h0.02582−0.048%$47K$243K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02586+0.094%$586K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02583−0.019%$69K$482K50xas long as short
SoDEX MON-USD+0.0100%1h0.02579−0.174%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02584+0.018%$52K$407K10xas long as short
Aevo MON-PERPshort+0.0104%1h0.02579−0.174%$39K3x
KuCoin MONUSDTM+0.0250%4h0.02584+0.019%$3.0M$716K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02580−0.151%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02577−0.252%$1.4M$309K75xas long as short
Kraken Futures PF_MONUSD+0.0418%1h0.02583−0.017%$271K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0480%1h0.02609+0.983%$115K$50K50xas long as short