Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.057%

Price spread now: ApeX Omni against KuCoin0.000%7-day average −0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1341.335% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now 0.000%, 7d avg −0.070%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.070% dearer against KuCoin than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.070%): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.007% in total) that is about 2 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.007% in total (about -0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02578	0.0316	pay 0.0158% / 4h	1h 29m	$3.2M	$724K	75x
Short	ApeX Omni MONUSDT	0.02578	0.0100	get 0.0013% / 1h	29m 24s	$69K	$481K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now 0.000%Rate

Funding earned: −$45.36
Price spread: 0.000% → −0.070%: $6.96
Slippage, 4 orders: −$111.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$171.95
Costs to cover: 1.335%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; ApeX Omni: live order book, 53 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 KuCoin live order book, 3 min ago	11.63 bp	67.4 bp −$67	714.7 bp −$7,147	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 53 min ago	9.61 bp	18.0 bp −$18	108.8 bp −$1,088	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	−0.0053%	1h	0.02582	+0.155%	$6K	$108	5.5x	as long as short
Bybit MONUSDT	−0.0053%	8h	0.02570	−0.303%	$21.4M	$11.7M	50x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02574	−0.159%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02571	−0.268%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02576	−0.097%	$143K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02571	−0.283%	$69K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0023%	1h	0.02579	+0.022%	$2K	$73K	10x	as long as short
Orderly PERP_MON_USDC	+0.0067%	4h	0.02568	−0.388%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0081%	8h	0.02573	−0.206%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02575	−0.116%	$853K	$773K	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	0.02578	+0.016%	$34.9M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02575	−0.130%	$107K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02574	−0.162%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02574	−0.163%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02573	−0.194%	$24.4M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02571	−0.272%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	−0.310%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02574	−0.155%	$1.0M	$865K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02575	−0.116%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02570	−0.323%	$779K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02580	+0.064%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02572	−0.233%	$577K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02578	0.000%	$69K	$481K	50x
Nado MON-PERP	+0.0100%	1h	0.02578	−0.015%	$388K	$538K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02570	−0.310%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02577	−0.033%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02569	−0.349%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0174%	1h	0.02572	−0.242%	$270K	$77K	10x	as long as short
Backpack MON_USDC_PERP	+0.0184%	1h	0.02570	−0.291%	$137K	$134K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02571	−0.283%	$8K	—	50x	as long as short
KuCoin MONUSDTMlong	+0.0316%	4h	0.02578	long leg	$3.2M	$724K	75x
BloFin MON-USDT	+0.0340%	4h	0.02572	−0.233%	$1.4M	$292K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.113%	$114K	$49K	50x	as long as short