Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.064%

Price spread now: Pacifica against KuCoin−0.039%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1231.232% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.039%, 7d avg −0.063%

Together, before fees+0.096%+ Points / potential airdropPacifica: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.024% dearer against KuCoin than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.063%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MONUSDTM	0.02574	0.0132	pay 0.0066% / 4h	3h 16m	$2.9M	$721K	75x
Short	Pacifica MON	0.02573	0.0100	get 0.0013% / 1h	16m 03s	$142K	$103K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.039%Rate

Funding earned: −$6.72
Price spread: −0.039% → −0.063%: $2.43
Slippage, 4 orders: −$103.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$127.53
Costs to cover: 1.232%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Pacifica: live order book, 57 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, 6 min ago	11.62 bp	33.4 bp −$33	644.2 bp −$6,442	doesn't fit	doesn't fit
Sell Pacifica live order book, 57 min ago	3.91 bp	19.3 bp −$19	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	−0.0444%	1h	0.02576	+0.078%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02563	−0.431%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02573	−0.023%	$69K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02574	−0.012%	$6K	$1K	5x	as long as short
Bybit MONUSDT	+0.0040%	8h	0.02576	+0.078%	$21.4M	$12.1M	50x	as long as short
Orderly PERP_MON_USDC	+0.0062%	4h	0.02572	−0.078%	$17K	$59K	10x	as long as short
Paradex MON-USD-PERP	+0.0091%	8h	0.02573	−0.027%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02577	+0.117%	$858K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02575	+0.046%	$396K	$526K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02578	+0.159%	$34.9M	$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	0.02572	−0.068%	$107K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02568	−0.230%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02573	−0.039%	$142K	$103K	3x
Binance MONUSDT	+0.0100%	4h	0.02575	+0.050%	$24.6M	$25.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02577	+0.117%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02560	−0.528%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02575	+0.039%	$970K	$923K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02583	+0.350%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02576	+0.078%	$130K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02572	−0.093%	$773K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02576	+0.064%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02578	+0.155%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02580	+0.233%	$69K	$487K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02575	+0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02579	+0.196%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02574	0.000%	$39K	—	3x	as long as short
KuCoin MONUSDTMlong	+0.0132%	4h	0.02574	long leg	$2.9M	$721K	75x
Aftermath Perps MONUSD	+0.0206%	1h	0.02576	+0.065%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02573	−0.054%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02560	−0.544%	$1.4M	$305K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02576	+0.093%	$126K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0463%	1h	0.02581	+0.253%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02577	+0.128%	$113K	$51K	50x	as long as short