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 −0.025%

Price spread now: GRVT against Nado+0.106%7-day average −0.071% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Nado Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.025%−$2 on $10k

Price spread, last 3 days (all we have)−0.265%−$27 · spread now +0.106%, 7d avg −0.071%

Together, before fees−0.290%+ Points / potential airdropNado: Active · GRVT: Active · farm board−$29 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 0.177% dearer against Nado than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MON-PERP	0.02557	0.0100	pay 0.0012% / 1h	7m 19s	$390K	$541K	10x
Short	GRVT MON_USDT_Perp	0.02560	0.0100	get 0.0050% / 4h	7m 19s	$580K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → −0.071%: $17.72
Slippage, 4 orders: −$61.75
Fee Nado: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$60.03
Costs to cover: 0.778%
Break-even: 150234091202364.9 days

Slippage from Nado: live order book, 6 min ago; GRVT: live order book, 1 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, 6 min ago	2.15 bp	10.3 bp −$10	1151.7 bp −$11.5K	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	3.90 bp	31.7 bp −$32	71.0 bp −$710	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	−0.0121%	1h	0.02559	+0.068%	$6K	$109	5.5x	as long as short
01 Exchange MONUSD	−0.0096%	1h	0.02555	−0.088%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0030%	8h	0.02557	−0.010%	$21.1M	$12.1M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02559	+0.064%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02556	−0.065%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02555	−0.088%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0089%	1h	0.02559	+0.055%	$3K	$75K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02558	+0.029%	$849K	$794K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02557	−0.017%	$8K	$42	5x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02557	long leg	$390K	$541K	10x

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02557	−0.014%	$34.6M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02557	+0.004%	$106K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02557	+0.002%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02558	+0.021%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02556	−0.049%	$24.4M	$25.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02555	−0.088%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.090%	$107K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02556	−0.049%	$975K	$913K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02557	−0.010%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02561	+0.142%	$127K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	−0.220%	$772K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02557	+0.003%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02560	+0.106%	$580K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02559	+0.068%	$68K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02556	−0.049%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02558	+0.020%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02556	−0.069%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02556	−0.065%	$8K	—	50x	as long as short
KuCoin MONUSDTM	+0.0262%	4h	0.02562	+0.185%	$3.0M	$719K	75x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02554	−0.127%	$1.3M	$306K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0422%	1h	0.02560	+0.118%	$269K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02555	−0.080%	$124K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+2.019%	$115K	$50K	50x	as long as short