Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h +0.065%

Price spread now: 01 Exchange against Orderly+0.294%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. 01 Exchange is 0.294% dearer against Orderly than usual: you sell high and buy low (spread +0.294% now, against zero (this spread has no 7-day history yet)): +$29 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_MON_USDC	0.02584	0.0075	pay 0.0038% / 4h	1h 52m	$17K	$64K	10x
Short	01 Exchange MONUSD	0.02592	−0.0272	pay 0.0034% / 1h	52m 57s	$6K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee OrderlybpFee 01 ExchangebpOrdersPrice spread, now +0.294%Rate

Funding earned: −$72.95
Price spread: +0.294% → 0.000%: $29.41
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$56.54
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Orderly and 01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange MONUSDshort	−0.0272%	1h	0.02592	+0.294%	$6K	$1K	5x
Deribit MON_USDC-PERPETUAL	−0.0060%	1h	0.02583	−0.058%	$70K	$119K	25x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	−0.077%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0028%	8h	0.02580	−0.155%	$21.5M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02596	+0.453%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02585	+0.050%	$145K	$1.8M	10x	as long as short
Aftermath Perps MONUSD	+0.0030%	1h	0.02590	+0.230%	$2K	$74K	10x	as long as short
Paradex MON-USD-PERP	+0.0067%	8h	0.02592	+0.300%	$8K	$42	5x	as long as short
Orderly PERP_MON_USDClong	+0.0075%	4h	0.02584	long leg	$17K	$64K	10x
Lighter MON	+0.0096%	1h	0.02583	−0.039%	$844K	$760K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02592	+0.321%	$389K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02585	+0.046%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02586	+0.065%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02595	+0.426%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02594	+0.387%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02582	−0.077%	$24.5M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02579	−0.193%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	−0.157%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02583	−0.039%	$1.0M	$862K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02582	−0.077%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02588	+0.166%	$779K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02595	+0.435%	$48K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02596	+0.476%	$584K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02596	+0.464%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02581	−0.116%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02586	+0.092%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02581	−0.116%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02585	+0.047%	$266K	$67K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02585	+0.023%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0264%	4h	0.02595	+0.426%	$1.4M	$295K	75x	as long as short
KuCoin MONUSDTM	+0.0338%	4h	0.02585	+0.039%	$3.1M	$747K	75x	as long as short
Backpack MON_USDC_PERP	+0.0522%	1h	0.02582	−0.085%	$138K	$137K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+0.878%	$114K	$50K	50x	as long as short