Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0436%/8h= +47.7% APRpaid last 24h −0.048%

Price spread now: BloFin against 01 Exchange−0.145%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.145% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.145% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 27 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02560	−0.0096	get 0.0012% / 1h	7m 48s	$6K	$1K	5x
Short	BloFin MON-USDT	0.02556	0.0340	get 0.0170% / 4h	7m 48s	$1.3M	$306K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against 01 Exchange. 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 01 ExchangebpFee BloFinbpOrdersPrice spread, now −0.145%Rate

Funding earned: $91.56
Price spread: −0.145% → 0.000%: −$14.45
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $58.11
Costs to cover: 0.190%
Break-even: 2.6 days

Slippage unknown: 01 Exchange: no order-book sample; BloFin: live order book, 5 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 01 Exchange no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	1.96 bp	10.3 bp −$10	30.8 bp −$308	140.6 bp −$14.1K	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0121%	1h	0.02559	−0.027%	$6K	$109	5.5x	as long as short
01 Exchange MONUSDlong	−0.0096%	1h	0.02560	long leg	$6K	$1K	5x
Bybit MONUSDT	−0.0029%	8h	0.02555	−0.172%	$21.1M	$12.1M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02557	−0.121%	$13K	$360K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02561	+0.047%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0070%	4h	0.02560	+0.012%	$17K	$64K	10x	as long as short
Aftermath Perps MONUSD	+0.0091%	1h	0.02559	−0.024%	$3K	$75K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02559	−0.027%	$850K	$794K	10x	as long as short
Paradex MON-USD-PERP	+0.0096%	8h	0.02559	−0.026%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02562	+0.092%	$390K	$541K	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	0.02560	0.000%	$34.6M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02559	−0.039%	$106K	$231K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02557	−0.094%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02560	−0.004%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02558	−0.083%	$24.4M	$25.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02555	−0.184%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	−0.185%	$107K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02558	−0.066%	$976K	$913K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02559	−0.027%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02561	+0.047%	$127K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02552	−0.315%	$772K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02555	−0.176%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02557	−0.105%	$579K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02558	−0.066%	$68K	$481K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02559	−0.027%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02563	+0.112%	$51K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02560	−0.004%	$39K	—	3x	as long as short
KuCoin MONUSDTM	+0.0258%	4h	0.02564	+0.168%	$3.0M	$719K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0598%	1h	0.02560	+0.027%	$8K	—	50x	as long as short
BloFin MON-USDTshort	+0.0340%	4h	0.02556	−0.145%	$1.3M	$306K	75x
Kraken Futures PF_MONUSD	+0.0422%	1h	0.02563	+0.124%	$269K	$78K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02561	+0.035%	$125K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0480%	1h	0.02609	+1.922%	$115K	$50K	50x	as long as short