Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni−0.098%58s7-day average +0.124% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 3 days (all we have)+0.222%+$22 · spread now −0.098%, 7d avg +0.124%

Together, before fees+0.255%+ Points / potential airdropVariational Omni: Active · farm board+$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.222% cheaper against Variational Omni than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.124%. The two prices were read 58 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	Variational Omni MON	0.02602	0.0100	pay 0.0100% / 8h	2h 56m	$779K	$403K	—
Short	ApeX Omni MONUSDT	0.02599	0.0100	get 0.0013% / 1h	56m 27s	$69K	$483K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → +0.124%: −$22.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.17
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 32 min ago; ApeX Omni: live order book, 31 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 Variational Omni RFQ quote, 32 min ago	9.70 bp	doesn't fit	137.7 bp −$1,377	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 31 min ago	11.64 bp	23.6 bp −$24	112.8 bp −$1,128	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	−0.0739%	1h	0.02581	−0.789%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0376%	1h	0.02579	−0.855%	$6K	$1K	5x	as long as short
Bybit MONUSDT	−0.0002%	8h	0.02580	−0.828%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02602	+0.006%	$14K	$371K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02589	−0.490%	$64K	$103K	25x	as long as short
Orderly PERP_MON_USDC	+0.0093%	4h	0.02587	−0.559%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02583	−0.713%	$846K	$753K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02582	−0.747%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02584	−0.684%	$346K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02585	−0.640%	$34.8M	$7.5M	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	0.02585	−0.636%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02585	−0.636%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02584	−0.674%	$143K	$108K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02583	−0.713%	$24.6M	$24.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02581	−0.789%	$4.4M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02610	+0.325%	$110K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02584	−0.674%	$1.0M	$924K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02585	−0.636%	$2.7M	$1.8M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02602	long leg	$779K	$403K	—
edgeX MONUSDC	+0.0100%	4h	0.02598	−0.147%	$48K	$241K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02601	−0.034%	$583K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02599	−0.098%	$69K	$483K	50x
SoDEX MON-USD	+0.0100%	1h	0.02586	−0.597%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02585	−0.622%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02588	−0.517%	$39K	—	3x	as long as short
Backpack MON_USDC_PERP	+0.0119%	1h	0.02586	−0.578%	$136K	$136K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0132%	1h	0.02589	−0.495%	$259K	$60K	10x	as long as short
BloFin MON-USDT	+0.0134%	4h	0.02583	−0.713%	$1.4M	$242K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0314% / S −0.1052%	1h	0.02589	−0.486%	$13K	—	50x	as long as short
KuCoin MONUSDTM	+0.0380%	4h	0.02590	−0.444%	$3.1M	$790K	75x	as long as short
Aftermath Perps MONUSD	+0.0421%	1h	0.02597	−0.167%	$2K	$73K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02584	−0.666%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02625	+0.913%	$115K	$51K	50x	as long as short