Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Nado against SoDEX+0.183%47s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Nado

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—+ Points / potential airdropNado: 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: Nado is 0.183% dearer against SoDEX than usual: you sell high and buy low, +$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX MON-USD	0.02505	0.0100	pay 0.0013% / 1h	15m 25s	$5K	$6K	5x
Short	Nado MON-PERP	0.02510	0.0100	get 0.0012% / 1h	15m 25s	$411K	$571K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against SoDEX. 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 SoDEXbpFee NadobpOrdersPrice spread, now +0.183%Rate

Funding earned: $0
Price spread: +0.183% → 0.000%: $18.34
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $3.34
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Nado: live order book, 33 min ago. 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 SoDEX no order-book sample	—	—	—	—	—
Sell Nado live order book, 33 min ago	2.60 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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
Backpack MON_USDC_PERP	−0.0104%	1h	0.02507	+0.084%	$114K	$154K	10x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02503	−0.076%	$20.6M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02499	−0.224%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02506	+0.056%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02507	+0.084%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.639%	$5K	$113	5.5x	as long as short
Aftermath Perps MONUSD	+0.0082%	1h	0.02495	−0.394%	$6K	$92K	10x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02507	+0.080%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02507	+0.080%	$817K	$767K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02505	+0.017%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERPshort	+0.0100%	1h	0.02510	+0.183%	$411K	$571K	10x
Hyperliquid MON	+0.0100%	1h	0.02509	+0.168%	$33.7M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02507	+0.083%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02506	+0.043%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02507	+0.076%	$138K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02506	+0.031%	$23.8M	$27.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02507	+0.080%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−1.018%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02506	+0.040%	$940K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02511	+0.240%	$2.9M	$765K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02508	+0.120%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02503	−0.096%	$739K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02501	−0.171%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	−0.120%	$556K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02503	−0.080%	$68K	$530K	50x	as long as short
SoDEX MON-USDlong	+0.0100%	1h	0.02505	long leg	$5K	$6K	5x
Extended MON-USD	+0.0104%	1h	0.02509	+0.148%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02506	+0.020%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02507	+0.072%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02506	+0.040%	$1.3M	$347K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02507	+0.088%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02511	+0.251%	$110K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1015%	1h	0.02508	+0.111%	$269K	$119K	10x	as long as short