Funding arb · Price arb /

MON

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: GRVT against Variational Omni+0.073%104s7-day average +0.174% · you sell dearer than you buy

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

Long on Variational Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.013%+$1 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.073%, 7d avg +0.174%

Together, before fees+0.081%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board+$8 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: GRVT is 0.101% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.174%. The two prices were read 104 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	0.02596	0.0100	pay 0.0100% / 8h	2h 13m	$782K	$412K	—
Short	GRVT MON_USDT_Perp	0.02598	0.0100	get 0.0050% / 4h	2h 13m	$585K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.174%: −$10.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$19.13
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 10 min ago; GRVT: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 10 min ago	17.36 bp	doesn't fit	152.4 bp −$1,524	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	3.85 bp	53.3 bp −$53	219.6 bp −$2,196	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	0.02599	+0.101%	$6K	$110	5.5x	as long as short
01 Exchange MONUSD	−0.0232%	1h	0.02600	+0.151%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0134%	1h	0.02601	+0.186%	$63K	$110K	25x	as long as short
Bybit MONUSDT	0.0000%	8h	0.02597	+0.039%	$21.7M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.097%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0091%	4h	0.02598	+0.062%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02599	+0.116%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02601	+0.178%	$854K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02605	+0.330%	$381K	$531K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02603	+0.263%	$35.1M	$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	0.02601	+0.164%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02602	+0.198%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02602	+0.220%	$144K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02599	+0.101%	$24.7M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02595	−0.053%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02602	+0.217%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02601	+0.178%	$1.0M	$935K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02602	+0.216%	$2.8M	$1.8M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02596	long leg	$782K	$412K	—
edgeX MONUSDC	+0.0100%	4h	0.02596	−0.016%	$48K	$243K	10x	as long as short
GRVT MON_USDT_Perpshort	+0.0100%	4h	0.02598	+0.073%	$585K	$1.5M	10x
ApeX Omni MONUSDT	+0.0100%	1h	0.02599	+0.101%	$69K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02599	+0.101%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02604	+0.281%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02600	+0.120%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02603	+0.269%	$268K	$67K	10x	as long as short
BloFin MON-USDT	+0.0139%	4h	0.02595	−0.053%	$1.4M	$246K	75x	as long as short
Aftermath Perps MONUSD	+0.0142%	1h	0.02599	+0.118%	$2K	$73K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02601	+0.193%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0314%	1h	0.02601	+0.162%	$138K	$136K	10x	as long as short
KuCoin MONUSDTM	+0.0392%	4h	0.02607	+0.409%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02600	+0.147%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.397%	$114K	$50K	50x	as long as short