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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.007%
Price spread now: dYdX against Orderly−0.005%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MON_USDC0.025120.0082pay 0.0041% / 4h51m 27s$16K$41K10x
ShortdYdX MON-USD0.025120.0100get 0.0013% / 1h51m 27s$13K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
$3.85
Price spread: −0.005% → 0.000%
−$0.5
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$12.65
Costs to cover
0.160%
Break-even
30.0 days
Slippage unknown: Orderly: no order-book sample; dYdX: 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 Orderly no order-book sample
Sell dYdX no order-book sample
Orderly and dYdX: 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
Backpack MON_USDC_PERP−0.0362%1h0.02511−0.024%$111K$151K10xas long as short
01 Exchange MONUSD−0.0312%1h0.02505−0.291%$6K$1K5xas long as short
Injective MON/USDC PERP−0.0176%1h0.02517+0.199%$5K$1095.5xas long as short
Bybit MONUSDT−0.0135%8h0.02508−0.171%$20.6M$13.2M50xas long as short
Deribit MON_USDC-PERPETUAL−0.0068%1h0.02512−0.016%$68K$126K25xas long as short
Phoenix MON0.0000%1h0.02520+0.322%$12K$359K5xas long as short
Perpl MON0.0000%43m0.02511−0.052%$108K$2.3M10xas long as short
Orderly PERP_MON_USDClong+0.0082%4h0.02512long leg$16K$41K10x
Lighter MON+0.0096%1h0.02511−0.040%$837K$735K10xas long as short
Paradex MON-USD-PERP+0.0098%8h0.02509−0.114%$8K$425xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02512−0.012%$413K$544K10xas long as short
Hyperliquid MON+0.0100%1h0.02512−0.016%$34.0M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02515+0.123%$101K$222K10xas long as short
dYdX MON-USDshort+0.0100%1h0.02512−0.005%$13K5x
Pacifica MON+0.0100%1h0.02511−0.040%$139K$92K3xas long as short
Binance MONUSDT+0.0100%4h0.02508−0.159%$23.8M$26.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02508−0.159%$4.2M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02515+0.107%$103K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02509−0.119%$949K$968K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.025120.000%$2.8M$746K75xas long as short
Bitget MONUSDT+0.0100%4h0.025120.000%$2.7M$2.1M25xas long as short
Variational Omni MON+0.0100%8h0.02521+0.362%$748K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02514+0.090%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02516+0.159%$563K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02517+0.199%$68K$505K50xas long as short
SoDEX MON-USD+0.0100%1h0.02510−0.080%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02511−0.031%$52K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02509−0.111%$38K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02512−0.016%$9K50xas long as short
Aftermath Perps MONUSD+0.0275%1h0.02518+0.220%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02515+0.119%$1.3M$325K75xas long as short
Coinbase International MON-PERP-INTX+0.0408%1h0.02505−0.283%$109K$57K50xas long as short
Kraken Futures PF_MONUSD+0.0541%1h0.02516+0.173%$268K$113K10xas long as short