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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:46 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%
Price spread now: dYdX against Perpl+0.036%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPerpl: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and dYdX is 0.036% dearer against Perpl than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl MON0.025680get 0.0000% / 43m24m 49s$142K$1.8M10x
ShortdYdX MON-USD0.025690.0100get 0.0013% / 1h11m 49s$13K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX against Perpl. 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
$21
Price spread: +0.036% → 0.000%
$3.63
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee dYdX: 5 bp × 2 orders
−$10
Net
$0.83
Costs to cover
0.238%
Break-even
6.7 days
Slippage unknown: Perpl: 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 Perpl no order-book sample
Sell dYdX no order-book sample
Perpl 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
Bybit MONUSDT−0.0060%8h0.02565−0.152%$21.3M$11.8M50xas long as short
Injective MON/USDC PERP−0.0053%1h0.02575+0.257%$6K$1095.5xas long as short
Phoenix MON0.0000%1h0.02576+0.284%$13K$362K5xas long as short
Perpl MONlong0.0000%43m0.02568long leg$142K$1.8M10x
Deribit MON_USDC-PERPETUAL0.0000%1h0.02570+0.074%$69K$119K25xas long as short
Aftermath Perps MONUSD+0.0026%1h0.02574+0.233%$2K$73K10xas long as short
01 Exchange MONUSD+0.0032%1h0.02569+0.019%$6K$1K5xas long as short
Orderly PERP_MON_USDC+0.0067%4h0.02567−0.055%$17K$64K10xas long as short
Paradex MON-USD-PERP+0.0086%8h0.02567−0.072%$8K$425xas long as short
Lighter MON+0.0096%1h0.02570+0.062%$851K$773K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02572+0.123%$387K$540K10xas long as short
Hyperliquid MON+0.0100%1h0.02571+0.113%$34.8M$7.4M5xas long as short
Aster MONUSDT+0.0100%4h0.02571+0.092%$108K$231K10xas long as short
dYdX MON-USDshort+0.0100%1h0.02569+0.036%$13K5x
Pacifica MON+0.0100%1h0.02568−0.016%$142K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02567−0.054%$24.4M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02567−0.055%$4.4M$5.8M50xas long as short
Bulk MON-USD+0.0100%1h0.02578+0.357%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02569+0.023%$995K$873K50xas long as short
Bitget MONUSDT+0.0100%4h0.02569+0.023%$2.7M$1.8M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02568−0.012%$127K$138K10xas long as short
Variational Omni MON+0.0100%8h0.02571+0.108%$779K$406Kas long as short
edgeX MONUSDC+0.0100%4h0.02574+0.237%$47K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02577+0.335%$578K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02576+0.296%$69K$480K50xas long as short
SoDEX MON-USD+0.0100%1h0.02569+0.023%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02571+0.106%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02569+0.027%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0174%1h0.02572+0.139%$270K$78K10xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02569+0.031%$8K50xas long as short
KuCoin MONUSDTM+0.0300%4h0.02573+0.179%$3.2M$667K75xas long as short
BloFin MON-USDT+0.0340%4h0.02570+0.062%$1.3M$292K75xas long as short
Coinbase International MON-PERP-INTX+0.0536%1h0.02607+1.491%$114K$49K50xas long as short