Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.064%

Price spread now: KuCoin against Pacifica+0.039%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1231.232% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.039%, 7d avg +0.063%

Together, before fees−0.096%+ Points / potential airdropPacifica: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.024% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.039% now, against its 7-day average of +0.063%). If the spread goes back, that is −$2 on $10k: about 2.5 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica MON	0.02573	0.0100	pay 0.0013% / 1h	16m 19s	$142K	$103K	3x
Short	KuCoin MONUSDTM	0.02574	0.0132	get 0.0066% / 4h	3h 16m	$2.9M	$721K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.039%Rate

Funding earned: $6.72
Price spread: +0.039% → +0.063%: −$2.42
Slippage, 4 orders: −$103.24
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$118.94
Costs to cover: 1.232%
Break-even: 130.9 days

Slippage from Pacifica: live order book, 56 min ago; KuCoin: live order book, 6 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 Pacifica live order book, 56 min ago	3.91 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	11.62 bp	49.6 bp −$50	459.3 bp −$4,593	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	−0.0444%	1h	0.02576	+0.117%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02563	−0.393%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02570	−0.097%	$69K	$119K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02574	+0.027%	$6K	$1K	5x	as long as short
Bybit MONUSDT	+0.0040%	8h	0.02570	−0.105%	$21.4M	$12.1M	50x	as long as short
Orderly PERP_MON_USDC	+0.0062%	4h	0.02572	−0.039%	$17K	$59K	10x	as long as short
Paradex MON-USD-PERP	+0.0091%	8h	0.02573	+0.012%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02574	+0.039%	$857K	$755K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02575	+0.085%	$396K	$526K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02576	+0.101%	$34.9M	$7.4M	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	0.02572	−0.045%	$107K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02568	−0.191%	$13K	—	5x	as long as short
Pacifica MONlong	+0.0100%	1h	0.02573	long leg	$142K	$103K	3x
Binance MONUSDT	+0.0100%	4h	0.02573	0.000%	$24.6M	$25.3M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02571	−0.078%	$4.3M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02560	−0.489%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02572	−0.039%	$969K	$919K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02574	+0.039%	$2.8M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02572	−0.039%	$130K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02576	+0.120%	$775K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02576	+0.103%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02578	+0.194%	$576K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02580	+0.272%	$69K	$487K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02569	−0.155%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02576	+0.115%	$49K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02574	+0.039%	$39K	—	3x	as long as short
KuCoin MONUSDTMshort	+0.0132%	4h	0.02574	+0.039%	$2.9M	$721K	75x
Aftermath Perps MONUSD	+0.0206%	1h	0.02576	+0.104%	$4K	$74K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02573	−0.016%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02560	−0.505%	$1.4M	$305K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02576	+0.132%	$126K	$2.1M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0464%	1h	0.02574	+0.027%	$270K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02577	+0.167%	$113K	$51K	50x	as long as short