Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Binance against Nado−0.197%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$520.520% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.088%−$9 · spread now −0.197%, 7d avg −0.153%

Together, before fees−0.093%+ Points / potential airdropNado: Active · farm board−$9 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: Binance is 0.044% cheaper against Nado than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MON-PERP	0.02574	0.0100	pay 0.0012% / 1h	30m 04s	$392K	$544K	10x
Short	Binance MONUSDT	0.02568	0.0100	get 0.0050% / 4h	30m 04s	$24.5M	$25.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → −0.153%: −$4.43
Slippage, 4 orders: −$35
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$56.43
Costs to cover: 0.520%
Break-even: 144750394482397.7 days

Slippage from Nado: live order book, 48 min ago; Binance: live order book, 11 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 Nado live order book, 48 min ago	2.33 bp	11.1 bp −$11	1150.3 bp −$11.5K	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	1.93 bp	12.9 bp −$13	58.0 bp −$580	321.0 bp −$32.1K	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	−0.0121%	1h	0.02576	+0.097%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0064%	1h	0.02569	−0.179%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0032%	8h	0.02567	−0.253%	$21.3M	$12.0M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02576	+0.105%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02570	−0.136%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0069%	4h	0.02569	−0.175%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0082%	1h	0.02577	+0.118%	$2K	$75K	10x	as long as short
Paradex MON-USD-PERP	+0.0094%	8h	0.02568	−0.214%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02571	−0.097%	$854K	$793K	10x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02574	long leg	$392K	$544K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02573	−0.020%	$34.8M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02570	−0.143%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02573	−0.035%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02570	−0.136%	$142K	$105K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02568	−0.197%	$24.5M	$25.4M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02566	−0.292%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02570	−0.136%	$108K	$390	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02569	−0.175%	$978K	$909K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02571	−0.097%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02570	−0.148%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02568	−0.206%	$778K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02574	+0.017%	$47K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02577	+0.136%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02575	+0.058%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02569	−0.175%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02573	−0.018%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02570	−0.152%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0258%	4h	0.02572	−0.059%	$3.0M	$716K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02569	−0.156%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02570	−0.136%	$1.4M	$308K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0420%	1h	0.02573	−0.001%	$270K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02570	−0.140%	$126K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.375%	$115K	$50K	50x	as long as short