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+0.0104%/8h= +11.4% APRpaid last 24h +0.032%
Price spread now: Extended against Perpl+0.095%7-day average +0.067% · 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−0.174%−$17 on $10k
Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.095%, 7d avg +0.067%
Together, before fees−0.443%+ Points / potential airdropPerpl: Active · Extended: Active · farm board−$44 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.028% dearer against Perpl than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.067%. Mind the row above: over the last 7 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPerpl MON0.025750get 0.0000% / 43m30m 01s$126K$1.8M10x
ShortExtended MON-USD0.025780.0104get 0.0013% / 1h34m 01s$52K$407K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$21.84
Price spread: +0.095% → +0.067%
$2.85
Slippage, 4 orders
no order book: not counted
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$5.89
Costs to cover
0.188%
Break-even
5.1 days
Slippage unknown: Perpl: no order-book sample; Extended: live order book, 44 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 Perpl no order-book sample
Sell Extended live order book, 44 min ago5.83 bp27.8 bp −$28234.2 bp −$2,342doesn't fitdoesn't fit
Perpl: 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−0.0121%1h0.02576+0.027%$6K$1075.5xas long as short
01 Exchange MONUSD−0.0056%1h0.02575−0.016%$6K$1K5xas long as short
Bybit MONUSDT−0.0036%8h0.02572−0.128%$21.3M$12.0M50xas long as short
Phoenix MON0.0000%1h0.02578+0.105%$13K$360K5xas long as short
Perpl MONlong0.0000%43m0.02575long leg$126K$1.8M10x
Deribit MON_USDC-PERPETUAL0.0000%1h0.02575−0.016%$70K$119K25xas long as short
Orderly PERP_MON_USDC+0.0068%4h0.02573−0.089%$17K$64K10xas long as short
Aftermath Perps MONUSD+0.0088%1h0.02581+0.234%$2K$75K10xas long as short
Paradex MON-USD-PERP+0.0094%8h0.02574−0.043%$8K$425xas long as short
Lighter MON+0.0096%1h0.02576+0.027%$855K$793K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado MON-PERP+0.0100%1h0.02578+0.109%$393K$544K10xas long as short
Hyperliquid MON+0.0100%1h0.02578+0.101%$34.9M$7.6M5xas long as short
Aster MONUSDT+0.0100%4h0.02575−0.016%$108K$231K10xas long as short
dYdX MON-USD+0.0100%1h0.02577+0.065%$13K5xas long as short
Pacifica MON+0.0100%1h0.02576+0.027%$142K$105K3xas long as short
Binance MONUSDT+0.0100%4h0.02574−0.050%$24.5M$25.4M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02573−0.089%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02585+0.371%$108K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02574−0.050%$980K$909K50xas long as short
Bitget MONUSDT+0.0100%4h0.02575−0.012%$2.7M$1.8M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02575−0.031%$128K$141K10xas long as short
Variational Omni MON+0.0100%8h0.02576+0.035%$779K$408Kas long as short
edgeX MONUSDC+0.0100%4h0.02579+0.139%$47K$244K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02579+0.129%$584K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02577+0.066%$69K$481K50xas long as short
SoDEX MON-USD+0.0100%1h0.02573−0.089%$5K$6K5xas long as short
Extended MON-USDshort+0.0104%1h0.02578+0.095%$52K$407K10x
Aevo MON-PERP+0.0104%1h0.02578+0.113%$39K3xas long as short
KuCoin MONUSDTM+0.0256%4h0.02579+0.144%$3.0M$716K75xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0598%1h0.02574−0.047%$9K50xas long as short
BloFin MON-USDT+0.0340%4h0.02572−0.128%$1.4M$308K75xas long as short
Kraken Futures PF_MONUSD+0.0419%1h0.02577+0.073%$271K$78K10xas long as short
Coinbase International MON-PERP-INTX+0.0480%1h0.02609+1.305%$115K$50K50xas long as short