Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Variational Omni+0.525%52s7-day average +0.126% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.036%+$4 on $10k

Price spread, last 3 days (all we have)−0.499%−$50 · spread now +0.525%, 7d avg +0.126%

Together, before fees−0.463%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$46 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: Pacifica is 0.399% dearer against Variational Omni than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of +0.126%. The two prices were read 52 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	0.02578	0.0100	pay 0.0100% / 8h	1h 40m	$777K	$405K	—
Short	Pacifica MON	0.02591	0.0100	get 0.0013% / 1h	40m 54s	$143K	$107K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.525%Rate

Funding earned: $0
Price spread: +0.525% → +0.126%: $39.93
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $31.93
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 43 min ago; Pacifica: live order book, 42 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, 43 min ago	17.36 bp	doesn't fit	152.4 bp −$1,524	doesn't fit	doesn't fit
Sell Pacifica live order book, 42 min ago	1.92 bp	24.8 bp −$25	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	−0.0053%	1h	0.02582	+0.165%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0031%	8h	0.02590	+0.471%	$21.6M	$11.8M	50x	as long as short
01 Exchange MONUSD	−0.0016%	1h	0.02593	+0.588%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02590	+0.483%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02592	+0.564%	$144K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02590	+0.487%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0031%	1h	0.02588	+0.400%	$2K	$74K	10x	as long as short
Orderly PERP_MON_USDC	+0.0075%	4h	0.02589	+0.436%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0075%	8h	0.02590	+0.464%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02592	+0.553%	$850K	$763K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02595	+0.673%	$388K	$537K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02593	+0.611%	$35.1M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02593	+0.580%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02590	+0.456%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02591	+0.525%	$143K	$107K	3x
Binance MONUSDT	+0.0100%	4h	0.02591	+0.505%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02589	+0.436%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02585	+0.297%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02593	+0.591%	$1.0M	$863K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02594	+0.630%	$2.8M	$1.8M	25x	as long as short
Variational Omni MONlong	+0.0100%	8h	0.02578	long leg	$777K	$405K	—
edgeX MONUSDC	+0.0100%	4h	0.02586	+0.331%	$47K	$242K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02588	+0.385%	$582K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02586	+0.320%	$69K	$480K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02589	+0.436%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02595	+0.670%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02588	+0.417%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02591	+0.529%	$267K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02591	+0.506%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02586	+0.320%	$1.4M	$294K	75x	as long as short
KuCoin MONUSDTM	+0.0370%	4h	0.02595	+0.669%	$3.2M	$727K	75x	as long as short
Backpack MON_USDC_PERP	+0.0392%	1h	0.02591	+0.498%	$138K	$136K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.123%	$114K	$49K	50x	as long as short