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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0236%/8h= −25.8% APRnext payment $0.29 per $10,000 · paid last 24h +0.032%
Price spread now: 01 Exchange against Nado−0.044%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.044% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado MON-PERP0.025220.0100pay 0.0012% / 1h0m 23s$426K$578K10x
Short01 Exchange MONUSD0.02521−0.0136pay 0.0017% / 1h0m 23s$6K$1K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$49.56
Price spread: −0.044% → 0.000%
−$4.4
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$67.96
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 58 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 58 min ago1.39 bp11.7 bp −$121307.8 bp −$13.1Kdoesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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−0.0176%1h0.02507−0.579%$5K$1145.5xas long as short
01 Exchange MONUSDshort−0.0136%1h0.02521−0.044%$6K$1K5x
Bybit MONUSDT−0.0098%8h0.02518−0.139%$20.8M$13.3M50xas long as short
Backpack MON_USDC_PERP−0.0087%1h0.02522+0.019%$114K$151K10xas long as short
Phoenix MON0.0000%1h0.02517−0.195%$12K$359K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02520−0.080%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0072%4h0.02520−0.064%$16K$34K10xas long as short
Paradex MON-USD-PERP+0.0095%8h0.02518−0.135%$8K$425xas long as short
Lighter MON+0.0096%1h0.02521−0.024%$849K$749K10xas long as short
Nado MON-PERPlong+0.0100%1h0.02522long leg$426K$578K10x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid MON+0.0100%1h0.02522−0.004%$34.0M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02521−0.033%$101K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02520−0.073%$13K5xas long as short
Pacifica MON+0.0100%1h0.02521−0.012%$139K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02518−0.129%$24.0M$26.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02518−0.143%$4.2M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02510−0.460%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02520−0.064%$945K$994K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02523+0.055%$2.9M$758K75xas long as short
Bitget MONUSDT+0.0100%4h0.02521−0.024%$2.7M$2.2M25xas long as short
Variational Omni MON+0.0100%8h0.02519−0.121%$745K$410Kas long as short
edgeX MONUSDC+0.0100%4h0.02516−0.208%$41K$251K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02519−0.106%$564K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02517−0.183%$68K$512K50xas long as short
SoDEX MON-USD+0.0100%1h0.02519−0.103%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02521−0.016%$49K$513K10xas long as short
Aevo MON-PERP+0.0104%1h0.02518−0.123%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02519−0.084%$9K50xas long as short
Aftermath Perps MONUSD+0.0272%1h0.02517−0.177%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02516−0.222%$1.3M$339K75xas long as short
Coinbase International MON-PERP-INTX+0.0408%1h0.02518−0.139%$110K$57K50xas long as short
Perpl MON+0.0447%43m0.02521−0.040%$114K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0540%1h0.02522+0.029%$271K$115K10xas long as short