Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.207%
Price spread now: Coinbase International against Nado+0.624%7-day average +0.381% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$700.696% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.583%+$58 on $10k
Price spread, last 4 days (all we have)−0.420%−$42 · spread now +0.624%, 7d avg +0.381%
Together, before fees+0.163%+ Points / potential airdropNado: Active · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.243% dearer against Nado than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.381%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MON-PERP0.025140.0100pay 0.0013% / 1h12m 08s$406K$586K10x
ShortCoinbase International MON-PERP-INTX0.025300.0368get 0.0046% / 1h12m 08s$110K$57K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$56.28
Price spread: +0.624% → +0.381%
$24.32
Slippage, 4 orders
−$52.56
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$11.04
Costs to cover
0.696%
Break-even
5.6 days
Slippage from Nado: live order book, 41 min ago; Coinbase International: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 41 min ago0.40 bp7.9 bp −$81285.0 bp −$12.8Kdoesn't fitdoesn't fit
Sell Coinbase International live order book, 41 min ago17.19 bp27.5 bp −$27doesn't fitdoesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0203%1h0.02515+0.028%$5K$1145.5xas long as short
Phoenix MON0.0000%1h0.025140.000%$12K$358K5xas long as short
Bybit MONUSDT+0.0007%8h0.02507−0.283%$20.6M$13.5M50xas long as short
Deribit MON_USDC-PERPETUAL+0.0029%1h0.02511−0.147%$74K$136K25xas long as short
Backpack MON_USDC_PERP+0.0049%1h0.02510−0.159%$110K$152K10xas long as short
Orderly PERP_MON_USDC+0.0077%4h0.02511−0.132%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02512−0.092%$842K$732K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02512−0.077%$8K$425xas long as short
Hyperliquid MON+0.0100%1h0.02511−0.136%$33.8M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02512−0.094%$101K$222K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02517+0.097%$13K5xas long as short
Pacifica MON+0.0100%1h0.02516+0.067%$139K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02509−0.209%$23.9M$27.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02509−0.211%$4.2M$6.1M50xas long as short
Bulk MON-USD+0.0100%1h0.02510−0.167%$103K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02511−0.132%$938K$989K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02517+0.107%$2.9M$765K75xas long as short
Bitget MONUSDT+0.0100%4h0.02510−0.171%$2.7M$2.2M25xas long as short
Variational Omni MON+0.0100%8h0.02516+0.070%$746K$408Kas long as short
edgeX MONUSDC+0.0100%4h0.02517+0.120%$41K$252K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02517+0.107%$567K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02519+0.187%$68K$522K50xas long as short
Nado MON-PERPlong+0.0100%1h0.02514long leg$406K$586K10x
SoDEX MON-USD+0.0100%1h0.02510−0.171%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02513−0.060%$50K$372K10xas long as short
Aevo MON-PERP+0.0104%1h0.02509−0.199%$38K3xas long as short
01 Exchange MONUSD+0.0224%1h0.02514−0.024%$6K$1K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02511−0.116%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02520+0.226%$1.3M$340K75xas long as short
Aftermath Perps MONUSD+0.0345%1h0.02515+0.043%$2K$78K10xas long as short
Coinbase International MON-PERP-INTXshort+0.0368%1h0.02530+0.624%$110K$57K50x
Perpl MON+0.0447%43m0.02514−0.016%$114K$2.2M10xas long as short
Kraken Futures PF_MONUSD+0.0726%1h0.02513−0.059%$270K$113K10xas long as short