Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Bitget against Nado−0.484%7-day average −0.111% · 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−$100as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.484%, 7d avg −0.111%

Together, before fees+0.204%+ Points / potential airdropNado: Active · farm board+$20 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: Bitget is 0.374% cheaper against Nado than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MON-PERP	0.02491	0.0100	pay 0.0012% / 1h	40m 44s	$405K	$584K	10x
Short	Bitget MONUSDT	0.02479	0.0100	get 0.0050% / 4h	2h 40m	$2.7M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.484%Rate

Funding earned: $0
Price spread: −0.484% → −0.111%: −$37.37
Slippage, 4 orders: −$43.17
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$99.54
Costs to cover: 0.622%
Break-even: 242629332036164.4 days

Slippage from Nado: live order book, 7 min ago; Bitget: live order book, 2 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, 7 min ago	2.60 bp	14.0 bp −$14	1649.3 bp −$16.5K	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.02 bp	20.0 bp −$20	51.8 bp −$518	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
Backpack MON_USDC_PERP	−0.0129%	1h	0.02484	−0.272%	$109K	$153K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02492	+0.029%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02489	−0.091%	$73K	$136K	25x	as long as short
Bybit MONUSDT	+0.0005%	8h	0.02476	−0.593%	$20.4M	$13.6M	50x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02496	+0.198%	$5K	$111	5.5x	as long as short
01 Exchange MONUSD	+0.0056%	1h	0.02487	−0.151%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02489	−0.083%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02478	−0.525%	$829K	$743K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02489	−0.083%	$7K	$42	5x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02491	long leg	$405K	$584K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02480	−0.444%	$33.3M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02481	−0.409%	$99K	$219K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02479	−0.500%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02481	−0.404%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02478	−0.525%	$23.5M	$27.2M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02477	−0.565%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02490	−0.043%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02483	−0.324%	$926K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02488	−0.123%	$2.9M	$762K	75x	as long as short
Bitget MONUSDTshort	+0.0100%	4h	0.02479	−0.484%	$2.7M	$2.2M	25x
Variational Omni MON	+0.0100%	8h	0.02485	−0.260%	$739K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02490	−0.062%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02495	+0.158%	$562K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02492	+0.037%	$68K	$527K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02487	−0.163%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02484	−0.295%	$47K	$286K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02488	−0.131%	$38K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0240%	1h	0.02494	+0.104%	$2K	$78K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0259% / S −0.0429%	1h	0.02488	−0.115%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02484	−0.284%	$1.3M	$338K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02490	−0.039%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+1.563%	$110K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1022%	1h	0.02491	−0.022%	$268K	$112K	10x	as long as short