Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h +0.152%

Price spread now: Coinbase International against KuCoin+0.506%7-day average +0.440% · you sell dearer than you buy

Net, funding: paid 7d − costs−$252as in the Funding arb table

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3483.485% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.969%+$97 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.506%, 7d avg +0.440%

Together, before fees+1.015%+$102 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Coinbase International is 0.066% dearer against KuCoin than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.440%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02529	0.0100	pay 0.0050% / 4h	1h 39m	$2.9M	$742K	75x
Short	Coinbase International MON-PERP-INTX	0.02542	0.0536	get 0.0067% / 1h	39m 14s	$111K	$52K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.506%Rate

Funding earned: $91.56
Price spread: +0.506% → +0.440%: $6.63
Slippage, 4 orders: −$326.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$250.31
Costs to cover: 3.485%
Break-even: 26.1 days

Slippage from KuCoin: live order book, 3 min ago; Coinbase International: live order book, 23 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	11.85 bp	50.7 bp −$51	958.8 bp −$9,588	doesn't fit	doesn't fit
Sell Coinbase International live order book, 23 min ago	20.13 bp	105.3 bp −$105	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
Phoenix MON	−0.0316%	1h	0.02528	−0.024%	$13K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0264%	1h	0.02532	+0.130%	$114K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02531	+0.079%	$5K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0150%	8h	0.02522	−0.277%	$20.7M	$12.9M	50x	as long as short
01 Exchange MONUSD	−0.0048%	1h	0.02527	−0.087%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02525	−0.158%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0077%	4h	0.02526	−0.119%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02527	−0.079%	$842K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02525	−0.139%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02528	−0.040%	$34.2M	$7.4M	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	0.02529	+0.009%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02527	−0.087%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02528	−0.040%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02525	−0.158%	$24.1M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02523	−0.237%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02530	+0.040%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02527	−0.079%	$945K	$917K	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02529	long leg	$2.9M	$742K	75x
Bitget MONUSDT	+0.0100%	4h	0.02526	−0.119%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02524	−0.217%	$750K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02528	−0.030%	$43K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	+0.322%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02537	+0.316%	$68K	$501K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02531	+0.073%	$408K	$540K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02524	−0.198%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02527	−0.069%	$50K	$521K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02525	−0.178%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02524	−0.186%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0264%	1h	0.02532	+0.129%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	−0.119%	$1.3M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02527	−0.067%	$106K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0492%	1h	0.02529	−0.018%	$269K	$100K	10x	as long as short
Coinbase International MON-PERP-INTXshort	+0.0536%	1h	0.02542	+0.506%	$111K	$52K	50x