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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against OKX+0.315%7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$900.903% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.044%+$4 on $10k
Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.315%, 7d avg +0.158%
Together, before fees−0.037%+ Points / potential airdropExtended: Active · farm board−$4 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: Extended is 0.158% dearer against OKX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.158%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX MON-USDT-SWAP0.025250.0100pay 0.0050% / 4h1h 15m$4.2M$5.9M50x
ShortExtended MON-USD0.025330.0104get 0.0013% / 1h15m 57s$48K$518K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.315% → +0.158%
$15.78
Slippage, 4 orders
−$75.28
Fee OKX: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$73.66
Costs to cover
0.903%
Break-even
620.9 days
Slippage from OKX: live order book, 2 min ago; Extended: live order book, 47 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 OKX live order book, 2 min ago3.95 bp19.1 bp −$1982.5 bp −$825doesn't fitdoesn't fit
Sell Extended live order book, 47 min ago3.94 bp26.5 bp −$27211.4 bp −$2,114doesn'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
Phoenix MON−0.0316%1h0.02528+0.127%$12K$367K5xas long as short
Backpack MON_USDC_PERP−0.0267%1h0.02533+0.301%$112K$152K10xas long as short
Injective MON/USDC PERP−0.0253%1h0.02535+0.396%$6K$1115.5xas long as short
Bybit MONUSDT−0.0156%8h0.02528+0.119%$20.8M$13.1M50xas long as short
01 Exchange MONUSD−0.0040%1h0.02530+0.194%$6K$1K5xas long as short
Perpl MON0.0000%43m0.02535+0.412%$105K$2.3M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02534+0.364%$68K$125K25xas long as short
Orderly PERP_MON_USDC+0.0084%4h0.02533+0.317%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02533+0.317%$845K$738K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02532+0.274%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02536+0.430%$413K$543K10xas long as short
Hyperliquid MON+0.0100%1h0.02533+0.301%$34.3M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02534+0.355%$101K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02533+0.329%$13K5xas long as short
Pacifica MON+0.0100%1h0.02533+0.317%$140K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02529+0.145%$24.0M$26.6M75xas long as short
OKX MON-USDT-SWAPlong+0.0100%4h0.02525long leg$4.2M$5.9M50x
Bulk MON-USD+0.0100%1h0.02520−0.197%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02529+0.158%$951K$965K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02533+0.317%$2.9M$743K75xas long as short
Bitget MONUSDT+0.0100%4h0.02530+0.198%$2.7M$2.1M25xas long as short
Variational Omni MON+0.0100%8h0.02533+0.317%$752K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02528+0.131%$42K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02530+0.214%$566K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02537+0.475%$68K$501K50xas long as short
SoDEX MON-USD+0.0100%1h0.02533+0.317%$5K$6K5xas long as short
Extended MON-USDshort+0.0104%1h0.02533+0.315%$48K$518K10x
Aevo MON-PERP+0.0104%1h0.02532+0.277%$38K3xas long as short
Aftermath Perps MONUSD+0.0248%1h0.02532+0.274%$2K$74K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02535+0.408%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02527+0.079%$1.3M$320K75xas long as short
Kraken Futures PF_MONUSD+0.0490%1h0.02537+0.459%$271K$112K10xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02541+0.642%$112K$58K50xas long as short