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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:55 UTC+0.0347%/8h= +37.9% APRpaid last 24h −0.024%
Price spread now: Perpl against SoDEX+0.043%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 3 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 +$10 a day on $10k at the current rate, and Perpl is 0.043% dearer against SoDEX 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
LongSoDEX MON-USD0.025530.0100pay 0.0013% / 1h27m 15s$5K$6K5x
ShortPerpl MON0.025540.0447get 0.0040% / 43m32m 15s$156K$2.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Perpl 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

Funding earned
$72.77
Price spread: +0.043% → 0.000%
$4.31
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Perpl: 6.9 bp × 2 orders
−$13.8
Net
$55.28
Costs to cover
0.218%
Break-even
1.7 days
Slippage unknown: SoDEX: no order-book sample; Perpl: 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 SoDEX no order-book sample
Sell Perpl no order-book sample
SoDEX and 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 32 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−0.0388%1h0.02522−1.214%$5K$1085.5xas long as short
Bybit MONUSDT−0.0085%8h0.02550−0.098%$21.0M$12.8M50xas long as short
01 Exchange MONUSD−0.0008%1h0.02551−0.059%$6K$1K5xas long as short
Phoenix MON0.0000%1h0.02543−0.392%$13K$349K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.025530.000%$69K$125K25xas long as short
Orderly PERP_MON_USDC+0.0061%4h0.025530.000%$16K$51K10xas long as short
Lighter MON+0.0096%1h0.02554+0.039%$851K$742K10xas long as short
Paradex MON-USD-PERP+0.0097%8h0.02550−0.104%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02554+0.048%$411K$546K10xas long as short
Hyperliquid MON+0.0100%1h0.02555+0.074%$34.6M$7.7M5xas long as short
Show all 32 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02553−0.013%$102K$229K10xas long as short
dYdX MON-USD+0.0100%1h0.02551−0.076%$13K5xas long as short
Pacifica MON+0.0100%1h0.02551−0.078%$141K$104K3xas long as short
Binance MONUSDT+0.0100%4h0.02553−0.014%$24.3M$26.0M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02551−0.078%$4.3M$5.9M50xas long as short
Bulk MON-USD+0.0100%1h0.02521−1.268%$105K$4K10xas long as short
Gate MON_USDT+0.0100%4h0.025530.000%$957K$903K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.025530.000%$2.9M$744K75xas long as short
Bitget MONUSDT+0.0100%4h0.025530.000%$2.7M$2.0M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02551−0.059%$121K$158K10xas long as short
Variational Omni MON+0.0100%8h0.02533−0.779%$753K$419Kas long as short
edgeX MONUSDC+0.0100%4h0.02540−0.522%$43K$247K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02539−0.548%$570K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02541−0.470%$68K$493K50xas long as short
SoDEX MON-USDlong+0.0100%1h0.02553long leg$5K$6K5x
Extended MON-USD+0.0104%1h0.02554+0.049%$51K$517K10xas long as short
Aevo MON-PERP+0.0104%1h0.02552−0.020%$39K3xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02553−0.008%$9K50xas long as short
Aftermath Perps MONUSD+0.0361%1h0.02539−0.531%$3K$77K10xas long as short
Perpl MONshort+0.0447%43m0.02554+0.043%$156K$2.2M10x
Coinbase International MON-PERP-INTX+0.0744%1h0.02553+0.016%$112K$52K50xas long as short
Kraken Futures PF_MONUSD+0.0837%1h0.02554+0.057%$278K$88K10xas long as short