Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.060%

Price spread now: KuCoin against Nado+0.023%7-day average −0.063% · 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−$94as in the Price arb table

costs, in and out, $10k−$1031.029% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.298%−$30 · spread now +0.023%, 7d avg −0.063%

Together, before fees−0.238%+ Points / potential airdropNado: Active · farm board−$24 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: KuCoin is 0.086% dearer against Nado than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado MON-PERP	0.02531	0.0100	pay 0.0012% / 1h	51m 37s	$427K	$579K	10x
Short	KuCoin MONUSDTM	0.02532	0.0100	get 0.0050% / 4h	3h 51m	$2.9M	$757K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.063%: $8.61
Slippage, 4 orders: −$83.94
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$94.33
Costs to cover: 1.029%
Break-even: 236085433704219.8 days

Slippage from Nado: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago	0.40 bp	7.9 bp −$8	1285.0 bp −$12.8K	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	13.87 bp	48.2 bp −$48	486.2 bp −$4,862	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	−0.0203%	1h	0.02528	−0.135%	$5K	$111	5.5x	as long as short
Bybit MONUSDT	−0.0070%	8h	0.02528	−0.135%	$20.8M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02527	−0.174%	$12K	$358K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02531	−0.036%	$74K	$136K	25x	as long as short
Orderly PERP_MON_USDC	+0.0072%	4h	0.02531	−0.016%	$16K	$34K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02531	−0.016%	$849K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02528	−0.139%	$8K	$42	5x	as long as short
Nado MON-PERPlong	+0.0100%	1h	0.02531	long leg	$427K	$579K	10x
Hyperliquid MON	+0.0100%	1h	0.02531	−0.020%	$34.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02530	−0.057%	$102K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02529	−0.090%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02529	−0.087%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02528	−0.132%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02527	−0.174%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02525	−0.253%	$104K	$5K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02529	−0.095%	$949K	$979K	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02532	+0.023%	$2.9M	$757K	75x
Bitget MONUSDT	+0.0100%	4h	0.02530	−0.056%	$2.7M	$2.2M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02531	−0.008%	$114K	$151K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02521	−0.409%	$745K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02529	−0.093%	$42K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02532	+0.041%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02531	−0.016%	$68K	$514K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02529	−0.095%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02531	−0.032%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02529	−0.095%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0176%	1h	0.02530	−0.040%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02530	−0.040%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0292%	1h	0.02525	−0.235%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02527	−0.174%	$1.3M	$341K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02533	+0.083%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02533	+0.067%	$115K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0720%	1h	0.02533	+0.067%	$272K	$113K	10x	as long as short