Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against OKX+0.277%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now +0.277%, 7d avg +0.068%

Together, before fees+0.261%+$26 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: ApeX Omni is 0.209% dearer against OKX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MON-USDT-SWAP	0.02530	0.0100	pay 0.0050% / 4h	1h 40m	$4.2M	$5.8M	50x
Short	ApeX Omni MONUSDT	0.02537	0.0100	get 0.0013% / 1h	40m 47s	$68K	$501K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.277%Rate

Funding earned: $0
Price spread: +0.277% → +0.068%: $20.9
Slippage, 4 orders: −$55.33
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$54.43
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 22 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 OKX live order book, 2 min ago	3.94 bp	17.3 bp −$17	74.5 bp −$745	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 22 min ago	9.85 bp	18.4 bp −$18	109.4 bp −$1,094	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
Phoenix MON	−0.0316%	1h	0.02528	−0.063%	$13K	$367K	5x	as long as short
Backpack MON_USDC_PERP	−0.0266%	1h	0.02531	+0.043%	$114K	$152K	10x	as long as short
Injective MON/USDC PERP	−0.0253%	1h	0.02531	+0.040%	$5K	$106	5.5x	as long as short
Bybit MONUSDT	−0.0141%	8h	0.02528	−0.075%	$20.7M	$12.9M	50x	as long as short
01 Exchange MONUSD	−0.0064%	1h	0.02530	0.000%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02528	−0.071%	$68K	$125K	25x	as long as short
Orderly PERP_MON_USDC	+0.0076%	4h	0.02529	−0.040%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02530	0.000%	$843K	$738K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02528	−0.075%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02531	+0.025%	$408K	$540K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02533	+0.134%	$34.3M	$7.4M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02533	+0.113%	$101K	$229K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02532	+0.071%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02527	−0.103%	$140K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02532	+0.083%	$24.1M	$26.0M	75x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02530	long leg	$4.2M	$5.8M	50x
Bulk MON-USD	+0.0100%	1h	0.02530	0.000%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02532	+0.079%	$947K	$916K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02532	+0.079%	$2.9M	$742K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02533	+0.119%	$2.7M	$2.0M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02524	−0.257%	$750K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02536	+0.249%	$44K	$247K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	+0.282%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02537	+0.277%	$68K	$501K	50x
SoDEX MON-USD	+0.0100%	1h	0.02528	−0.079%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02535	+0.178%	$50K	$521K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02527	−0.119%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02528	−0.087%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0272%	1h	0.02533	+0.135%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02526	−0.158%	$1.3M	$307K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02530	−0.012%	$106K	$2.3M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0492%	1h	0.02530	−0.003%	$269K	$100K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02542	+0.466%	$111K	$52K	50x	as long as short