Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.046%

Price spread now: edgeX against 01 Exchange−0.144%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 edgeX

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—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding pays, the price is against you. edgeX is 0.144% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.144% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 5.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange MONUSD	0.02539	0.0016	pay 0.0002% / 1h	7m 12s	$6K	$1K	5x
Short	edgeX MONUSDC	0.02536	0.0100	get 0.0050% / 4h	2h 07m	$43K	$247K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $17.64
Price spread: −0.144% → 0.000%: −$14.45
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.81
Costs to cover: 0.160%
Break-even: 12.1 days

Slippage unknown: 01 Exchange: no order-book sample; edgeX: live order book, 60 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 edgeX live order book, 60 min ago	7.72 bp	20.0 bp −$20	doesn't fit	doesn't fit	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 32 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	−0.0388%	1h	0.02546	+0.260%	$6K	$109	5.5x	as long as short
Bybit MONUSDT	−0.0091%	8h	0.02536	−0.150%	$20.9M	$12.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02552	+0.496%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02538	−0.067%	$68K	$125K	25x	as long as short
01 Exchange MONUSDlong	+0.0016%	1h	0.02539	long leg	$6K	$1K	5x
Orderly PERP_MON_USDC	+0.0071%	4h	0.02538	−0.055%	$16K	$51K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02540	+0.024%	$846K	$743K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02538	−0.053%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02540	+0.012%	$34.4M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02541	+0.058%	$102K	$229K	10x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02541	+0.053%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02541	+0.063%	$141K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02538	−0.055%	$24.2M	$26.0M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02535	−0.173%	$4.2M	$5.8M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02545	+0.216%	$106K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02538	−0.055%	$949K	$906K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02542	+0.102%	$2.9M	$743K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02539	−0.016%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02539	−0.004%	$118K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02547	+0.282%	$758K	$419K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02536	−0.144%	$43K	$247K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02537	−0.094%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02536	−0.134%	$68K	$497K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02540	+0.013%	$407K	$545K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02538	−0.055%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02540	+0.021%	$49K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02537	−0.095%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02537	−0.087%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0274%	1h	0.02545	+0.204%	$2K	$79K	10x	as long as short
Perpl MON	+0.0447%	43m	0.02539	−0.028%	$106K	$2.3M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02556	+0.646%	$112K	$52K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0842%	1h	0.02540	+0.007%	$267K	$97K	10x	as long as short