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

MON

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0009%/8h= +0.9% APRpaid last 24h 0.000%
Price spread now: Pacifica against Orderly+0.231%7-day average · you sell dearer than you buy
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+0.069%+$7 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Pacifica is 0.231% dearer against Orderly than usual: you sell high and buy low, +$23 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_MON_USDC0.025940.0091pay 0.0046% / 4h2h 13m$17K$64K10x
ShortPacifica MON0.026000.0100get 0.0013% / 1h13m 22s$143K$106K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$1.79
Price spread: +0.231% → 0.000%
$23.13
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$10.92
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; Pacifica: live order book, 9 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 Pacifica live order book, 9 min ago1.92 bp24.8 bp −$25doesn't fitdoesn'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−0.0739%1h0.02599+0.193%$6K$1105.5xas long as short
Deribit MON_USDC-PERPETUAL−0.0289%1h0.02595+0.023%$63K$110K25xas long as short
01 Exchange MONUSD−0.0232%1h0.02597+0.127%$6K$1K5xas long as short
Bybit MONUSDT0.0000%8h0.02593−0.027%$21.6M$11.8M50xas long as short
Phoenix MON0.0000%1h0.02599+0.185%$14K$384K5xas long as short
Orderly PERP_MON_USDClong+0.0091%4h0.02594long leg$17K$64K10x
Paradex MON-USD-PERP+0.0094%8h0.02598+0.136%$8K$425xas long as short
Lighter MON+0.0096%1h0.02596+0.077%$852K$758K10xas long as short
Nado MON-PERP+0.0100%1h0.02604+0.387%$384K$533K10xas long as short
Hyperliquid MON+0.0100%1h0.02599+0.200%$35.0M$7.5M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02599+0.211%$108K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02602+0.290%$13K5xas long as short
Pacifica MONshort+0.0100%1h0.02600+0.231%$143K$106K3x
Binance MONUSDT+0.0100%4h0.02596+0.085%$24.6M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02591−0.116%$4.4M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02602+0.309%$109K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02599+0.193%$1.0M$935K50xas long as short
Bitget MONUSDT+0.0100%4h0.02598+0.154%$2.8M$1.8M25xas long as short
Variational Omni MON+0.0100%8h0.02596+0.092%$782K$412Kas long as short
edgeX MONUSDC+0.0100%4h0.02600+0.244%$48K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02598+0.164%$585K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02600+0.231%$69K$480K50xas long as short
SoDEX MON-USD+0.0100%1h0.02593−0.039%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02597+0.126%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02593−0.058%$39K3xas long as short
BloFin MON-USDT+0.0125%4h0.02599+0.193%$1.4M$246K75xas long as short
Kraken Futures PF_MONUSD+0.0131%1h0.02598+0.139%$268K$67K10xas long as short
Aftermath Perps MONUSD+0.0136%1h0.02599+0.199%$2K$73K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0261% / S −0.0598%1h0.02597+0.112%$9K50xas long as short
Backpack MON_USDC_PERP+0.0314%1h0.02601+0.254%$138K$136K10xas long as short
KuCoin MONUSDTM+0.0388%4h0.02600+0.231%$3.2M$747K75xas long as short
Perpl MON+0.0447%43m0.02597+0.108%$145K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0648%1h0.02607+0.490%$114K$50K50xas long as short