Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Variational Omni+0.285%7-day average +0.077% · you sell dearer than you buy

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.028%+$3 on $10k

Price spread, last 3 days (all we have)−0.197%−$20 · spread now +0.285%, 7d avg +0.077%

Together, before fees−0.169%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$17 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: edgeX is 0.208% dearer against Variational Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni MON	0.02558	0.0100	pay 0.0100% / 8h	7h 43m	$771K	$407K	—
Short	edgeX MONUSDC	0.02565	0.0100	get 0.0050% / 4h	3h 43m	$44K	$248K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.285%Rate

Funding earned: $0
Price spread: +0.285% → +0.077%: $20.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $11.81
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 31 min ago; edgeX: live order book, 29 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, 31 min ago	13.71 bp	doesn't fit	127.3 bp −$1,273	doesn't fit	doesn't fit
Sell edgeX live order book, 29 min ago	7.82 bp	17.4 bp −$17	doesn't fit	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	−0.0444%	1h	0.02556	−0.063%	$6K	$105	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02555	−0.121%	$13K	$351K	5x	as long as short
Backpack MON_USDC_PERP	+0.0016%	1h	0.02576	+0.700%	$128K	$141K	10x	as long as short
01 Exchange MONUSD	+0.0064%	1h	0.02594	+1.415%	$6K	$1K	5x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02589	+1.228%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02591	+1.306%	$861K	$751K	10x	as long as short
Aftermath Perps MONUSD	+0.0097%	1h	0.02565	+0.274%	$3K	$76K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02589	+1.222%	$8K	$42	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0100%	1h	0.02573	+0.618%	$69K	$119K	25x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02595	+1.450%	$396K	$543K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02595	+1.474%	$35.2M	$7.7M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02588	+1.190%	$108K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02590	+1.250%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02588	+1.204%	$143K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02590	+1.267%	$24.8M	$25.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02589	+1.228%	$21.4M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02589	+1.228%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02550	−0.297%	$105K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02590	+1.267%	$989K	$898K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02591	+1.306%	$2.8M	$1.9M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02558	long leg	$771K	$407K	—
edgeX MONUSDCshort	+0.0100%	4h	0.02565	+0.285%	$44K	$248K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02568	+0.406%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02568	+0.406%	$68K	$483K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02573	+0.602%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02594	+1.417%	$49K	$464K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02591	+1.306%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0194%	4h	0.02595	+1.462%	$3.0M	$721K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02592	+1.345%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02553	−0.180%	$1.3M	$306K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02591	+1.314%	$125K	$1.8M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0464%	1h	0.02577	+0.760%	$271K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02568	+0.399%	$113K	$49K	50x	as long as short