Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.060%

Price spread now: GRVT against KuCoin+0.047%83s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1781.784% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.110%+$11 · spread now +0.047%, 7d avg +0.021%

Together, before fees+0.108%+ Points / potential airdropGRVT: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.026% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.021%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02508	0.0100	pay 0.0050% / 4h	3h 59m	$2.9M	$765K	75x
Short	GRVT MON_USDT_Perp	0.02509	0.0100	get 0.0050% / 4h	3h 59m	$559K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.021%: $2.6
Slippage, 4 orders: −$157.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$175.79
Costs to cover: 1.784%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; GRVT: live order book, 3 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, 7 min ago	11.94 bp	33.3 bp −$33	904.9 bp −$9,049	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	3.99 bp	33.7 bp −$34	165.7 bp −$1,657	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	−0.0032%	1h	0.02505	−0.120%	$5K	$113	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02507	−0.028%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02506	−0.100%	$119K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02505	−0.136%	$73K	$137K	25x	as long as short
Backpack MON_USDC_PERP	+0.0087%	1h	0.02506	−0.096%	$109K	$157K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02507	−0.040%	$805K	$786K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02504	−0.153%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02509	+0.037%	$393K	$577K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02505	−0.102%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02508	0.000%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02506	−0.100%	$139K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02504	−0.159%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02503	−0.199%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.159%	$4.2M	$6.2M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02504	−0.159%	$937K	$1.1M	50x	as long as short
KuCoin MONUSDTMlong	+0.0100%	4h	0.02508	long leg	$2.9M	$765K	75x
Bitget MONUSDT	+0.0100%	4h	0.02506	−0.080%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02504	−0.173%	$744K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02505	−0.121%	$41K	$252K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02509	+0.047%	$559K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02506	−0.080%	$68K	$543K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02505	−0.120%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02504	−0.159%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02510	+0.080%	$103K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02508	−0.010%	$47K	$316K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02503	−0.195%	$38K	—	3x	as long as short
Hyperliquid MON	+0.0151%	1h	0.02508	−0.016%	$33.9M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0216%	1h	0.02506	−0.088%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02504	−0.175%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	−0.080%	$1.3M	$334K	75x	as long as short
Aftermath Perps MONUSD	+0.0497%	1h	0.02506	−0.076%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.283%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1202%	1h	0.02508	−0.003%	$269K	$118K	10x	as long as short