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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against OKX+0.019%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$930.929% of the position

Long on OKX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 3 days (all we have)+0.577%+$58 · spread now +0.019%, 7d avg +0.112%

Together, before fees+0.613%+ Points / potential airdropGRVT: Active · farm board+$61 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 0.093% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.112%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX MON-USDT-SWAP	0.02577	0.0100	pay 0.0050% / 4h	2h 49m	$4.4M	$6.0M	50x
Short	GRVT MON_USDT_Perp	0.02577	0.0100	get 0.0050% / 4h	2h 49m	$579K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.112%: −$9.26
Slippage, 4 orders: −$73.85
Fee OKX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$102.12
Costs to cover: 0.929%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; GRVT: live order book, 4 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, 3 min ago	1.94 bp	19.8 bp −$20	85.7 bp −$857	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	3.88 bp	26.6 bp −$27	156.8 bp −$1,568	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	−0.0739%	1h	0.02587	+0.388%	$6K	$107	5.5x	as long as short
01 Exchange MONUSD	−0.0120%	1h	0.02579	+0.066%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02579	+0.097%	$13K	$384K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02581	+0.171%	$63K	$110K	25x	as long as short
Bybit MONUSDT	+0.0004%	8h	0.02577	+0.016%	$21.5M	$11.8M	50x	as long as short
Orderly PERP_MON_USDC	+0.0092%	4h	0.02579	+0.078%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02580	+0.116%	$845K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02578	+0.043%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02581	+0.149%	$348K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02581	+0.167%	$34.8M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02580	+0.122%	$107K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02580	+0.113%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02580	+0.128%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02579	+0.067%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAPlong	+0.0100%	4h	0.02577	long leg	$4.4M	$6.0M	50x
Bulk MON-USD	+0.0100%	1h	0.02575	−0.078%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02580	+0.116%	$1.0M	$926K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02580	+0.116%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02573	−0.174%	$773K	$405K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02576	−0.054%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02577	+0.019%	$579K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02578	+0.039%	$69K	$482K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02578	+0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02581	+0.141%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02578	+0.039%	$39K	—	3x	as long as short
BloFin MON-USDT	+0.0123%	4h	0.02572	−0.194%	$1.4M	$241K	75x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02582	+0.199%	$262K	$63K	10x	as long as short
Backpack MON_USDC_PERP	+0.0213%	1h	0.02580	+0.116%	$137K	$138K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0313% / S −0.1052%	1h	0.02581	+0.155%	$13K	—	50x	as long as short
KuCoin MONUSDTM	+0.0352%	4h	0.02584	+0.272%	$3.1M	$790K	75x	as long as short
Aftermath Perps MONUSD	+0.0412%	1h	0.02584	+0.281%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02580	+0.113%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+1.874%	$115K	$51K	50x	as long as short