Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.209%

Price spread now: edgeX against Kraken Futures+0.006%7-day average −0.133% · you sell dearer than you buy

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1191.192% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.487%−$49 on $10k

Price spread, last 3 days (all we have)−0.343%−$34 · spread now +0.006%, 7d avg −0.133%

Together, before fees−0.830%+ Points / potential airdropedgeX: Active · farm board−$83 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.140% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.006% now, against its 7-day average of −0.133%): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.487% in total) that is about 2.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_MONUSD	0.02595	0.0131	pay 0.0016% / 1h	29m 03s	$267K	$67K	10x
Short	edgeX MONUSDC	0.02595	0.0100	get 0.0050% / 4h	2h 29m	$48K	$243K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$6.57
Price spread: +0.006% → −0.133%: $13.98
Slippage, 4 orders: −$100.19
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$111.77
Costs to cover: 1.192%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 58 min ago; edgeX: live order book, 58 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 Kraken Futures live order book, 58 min ago	13.57 bp	42.6 bp −$43	7970.5 bp −$79.7K	doesn't fit	doesn't fit
Sell edgeX live order book, 58 min ago	11.63 bp	23.3 bp −$23	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	0.02596	+0.041%	$6K	$109	5.5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0290%	1h	0.02591	−0.144%	$63K	$110K	25x	as long as short
01 Exchange MONUSD	−0.0256%	1h	0.02588	−0.264%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02586	−0.341%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02591	−0.137%	$13K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02589	−0.229%	$17K	$64K	10x	as long as short
BloFin MON-USDT	+0.0093%	4h	0.02590	−0.190%	$1.4M	$246K	75x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02590	−0.207%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02592	−0.113%	$849K	$753K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02593	−0.056%	$35.0M	$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	0.02591	−0.167%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02595	−0.009%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02591	−0.152%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02590	−0.200%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02586	−0.345%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02600	+0.195%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02592	−0.113%	$1.0M	$933K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02593	−0.075%	$2.8M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02593	−0.060%	$778K	$407K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02595	+0.006%	$48K	$243K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02593	−0.075%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02594	−0.036%	$69K	$481K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02594	−0.051%	$375K	$527K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02590	−0.190%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02593	−0.072%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02590	−0.210%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSDlong	+0.0131%	1h	0.02595	long leg	$267K	$67K	10x
Aftermath Perps MONUSD	+0.0220%	1h	0.02594	−0.038%	$2K	$73K	10x	as long as short
Backpack MON_USDC_PERP	+0.0227%	1h	0.02591	−0.137%	$137K	$136K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02592	−0.117%	$9K	—	50x	as long as short
KuCoin MONUSDTM	+0.0332%	4h	0.02594	−0.036%	$3.2M	$745K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02591	−0.167%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02609	+0.538%	$115K	$49K	50x	as long as short