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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Orderly−0.348%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 7 days+0.015%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. ApeX Omni is 0.348% cheaper against Orderly than usual: you would sell low and buy high (spread −0.348% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$35 on $10k: about 34 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.015% in total) that is about 5 months.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MON_USDC0.025870.0066pay 0.0033% / 4h54m 55s$17K$64K10x
ShortApeX Omni MONUSDT0.025780.0100get 0.0013% / 1h54m 55s$69K$482K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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
$7.11
Price spread: −0.348% → 0.000%
−$34.79
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$43.68
Costs to cover
0.160%
Break-even
50.0 days
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 23 min ago. 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 Orderly no order-book sample
Sell ApeX Omni live order book, 23 min ago13.59 bp22.7 bp −$23119.4 bp −$1,194doesn't fitdoesn't fit
Orderly: 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−0.0121%1h0.02575−0.464%$6K$1065.5xas long as short
01 Exchange MONUSD−0.0088%1h0.02586−0.054%$6K$1K5xas long as short
Bybit MONUSDT−0.0071%8h0.02584−0.120%$21.4M$12.0M50xas long as short
Phoenix MON0.0000%1h0.02576−0.445%$13K$360K5xas long as short
Perpl MON0.0000%43m0.02586−0.019%$128K$1.8M10xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02588+0.035%$70K$119K25xas long as short
Aftermath Perps MONUSD+0.0017%1h0.02571−0.600%$2K$74K10xas long as short
Orderly PERP_MON_USDClong+0.0066%4h0.02587long leg$17K$64K10x
Paradex MON-USD-PERP+0.0090%8h0.02584−0.121%$8K$425xas long as short
Variational Omni MON+0.0091%8h0.02575−0.458%$777K$408Kas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter MON+0.0096%1h0.02588+0.039%$862K$774K10xas long as short
Hyperliquid MON+0.0100%1h0.02587−0.004%$35.0M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02587+0.014%$109K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02585−0.084%$13K5xas long as short
Pacifica MON+0.0100%1h0.02585−0.077%$143K$105K3xas long as short
Binance MONUSDT+0.0100%4h0.02585−0.077%$24.6M$25.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02584−0.116%$4.4M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02555−1.237%$107K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02586−0.039%$997K$867K50xas long as short
Bitget MONUSDT+0.0100%4h0.02588+0.039%$2.8M$1.8M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02586−0.050%$129K$141K10xas long as short
edgeX MONUSDC+0.0100%4h0.02571−0.602%$47K$243K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02575−0.462%$578K$1.5M10xas long as short
ApeX Omni MONUSDTshort+0.0100%1h0.02578−0.348%$69K$482K50x
Nado MON-PERP+0.0100%1h0.02587+0.001%$395K$546K10xas long as short
SoDEX MON-USD+0.0100%1h0.02586−0.039%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02587−0.018%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02587+0.004%$39K3xas long as short
KuCoin MONUSDTM+0.0242%4h0.02589+0.077%$3.0M$712K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02588+0.027%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02586−0.039%$1.3M$309K75xas long as short
Kraken Futures PF_MONUSD+0.0417%1h0.02588+0.049%$272K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0480%1h0.02594+0.271%$114K$50K50xas long as short