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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.013%
Price spread now: BloFin against Variational Omni−0.136%56s7-day average +0.150% · you buy dearer than you sell
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)+0.161%+$16 on $10k
Price spread, last 3 days (all we have)+0.989%+$99 · spread now −0.136%, 7d avg +0.150%
Together, before fees+1.150%+ Points / potential airdropVariational Omni: Active · farm board+$115 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.286% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.136% now, against its 7-day average of +0.150%). If the spread goes back, that is −$29 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.161% in total) that is about 5.7 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni MON0.026020.0100pay 0.0100% / 8h2h 58m$779K$403K
ShortBloFin MON-USDT0.025980.0146get 0.0073% / 4h2h 58m$1.4M$247K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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

Funding earned
$9.66
Price spread: −0.136% → +0.150%
−$28.61
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$30.95
Costs to cover
0.120%
Break-even
29.4 days
Slippage unknown: Variational Omni: RFQ quote, 30 min ago; BloFin: live order book, 4 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 Variational Omni RFQ quote, 30 min ago9.70 bpdoesn't fit137.7 bp −$1,377doesn't fitdoesn't fit
Sell BloFin live order book, 4 min ago3.85 bp9.8 bp −$1019.5 bp −$195137.1 bp −$13.7Kdoesn't fit

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−0.0739%1h0.02581−0.789%$6K$1065.5xas long as short
01 Exchange MONUSD−0.0200%1h0.02596−0.228%$6K$1K5xas long as short
Bybit MONUSDT0.0000%8h0.02592−0.359%$21.7M$11.8M50xas long as short
Phoenix MON0.0000%1h0.02602+0.006%$14K$371K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02596−0.209%$64K$103K25xas long as short
Orderly PERP_MON_USDC+0.0093%4h0.02595−0.251%$17K$64K10xas long as short
Lighter MON+0.0096%1h0.02594−0.290%$850K$753K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02596−0.209%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02598−0.145%$346K$536K10xas long as short
Hyperliquid MON+0.0100%1h0.02598−0.140%$35.0M$7.5M5xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02599−0.085%$108K$233K10xas long as short
dYdX MON-USD+0.0100%1h0.02600−0.073%$13K5xas long as short
Pacifica MON+0.0100%1h0.02599−0.098%$144K$108K3xas long as short
Binance MONUSDT+0.0100%4h0.02592−0.368%$24.7M$24.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02591−0.405%$4.4M$6.1M50xas long as short
Bulk MON-USD+0.0100%1h0.02610+0.325%$110K$3K10xas long as short
Gate MON_USDT+0.0100%4h0.02598−0.136%$1.0M$923K50xas long as short
Bitget MONUSDT+0.0100%4h0.02596−0.213%$2.8M$1.8M25xas long as short
Variational Omni MONlong+0.0100%8h0.02602long leg$779K$403K
edgeX MONUSDC+0.0100%4h0.02604+0.101%$48K$243K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02605+0.133%$584K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02604+0.095%$69K$485K50xas long as short
SoDEX MON-USD+0.0100%1h0.02593−0.328%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02596−0.195%$52K$407K10xas long as short
Aevo MON-PERP+0.0104%1h0.02595−0.267%$39K3xas long as short
Kraken Futures PF_MONUSD+0.0131%1h0.02596−0.209%$260K$60K10xas long as short
BloFin MON-USDTshort+0.0146%4h0.02598−0.136%$1.4M$247K75x
GMX MON/USD [ETH-USDC]L +0.0314% / S −0.1052%1h0.02596−0.201%$14K50xas long as short
Backpack MON_USDC_PERP+0.0330%1h0.02599−0.109%$137K$137K10xas long as short
KuCoin MONUSDTM+0.0386%4h0.02601−0.021%$3.2M$790K75xas long as short
Aftermath Perps MONUSD+0.0425%1h0.026020.000%$2K$73K10xas long as short
Perpl MON+0.0447%43m0.02598−0.132%$146K$1.8M10xas long as short
Coinbase International MON-PERP-INTX+0.0648%1h0.02625+0.913%$115K$51K50xas long as short