Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:48 UTC+0.0239%/8h= +26.1% APRpaid last 24h −0.054%

Price spread now: Perpl against 01 Exchange+0.048%50s7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Perpl is 0.048% dearer against 01 Exchange than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	01 Exchange MONUSD	0.02519	0.0208	pay 0.0026% / 1h	32m 33s	$6K	$1K	5x
Short	Perpl MON	0.02521	0.0447	get 0.0040% / 43m	29m 33s	$114K	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.048%Rate

Funding earned: $50.09
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: $34.05
Costs to cover: 0.208%
Break-even: 2.2 days

Slippage unknown: 01 Exchange: no order-book sample; Perpl: no order-book sample. 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 Perpl no order-book sample	—	—	—	—	—

01 Exchange and Perpl: 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	−0.0203%	1h	0.02523	+0.139%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0023%	8h	0.02517	−0.099%	$20.7M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02522	+0.095%	$12K	$358K	5x	as long as short
Orderly PERP_MON_USDC	+0.0073%	4h	0.02521	+0.060%	$16K	$48K	10x	as long as short
Backpack MON_USDC_PERP	+0.0091%	1h	0.02522	+0.083%	$112K	$151K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02521	+0.060%	$845K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0097%	8h	0.02518	−0.041%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02523	+0.125%	$413K	$584K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02522	+0.103%	$34.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02520	+0.028%	$101K	$222K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02521	+0.051%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02521	+0.040%	$139K	$93K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02519	−0.004%	$24.0M	$26.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02518	−0.060%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	+0.020%	$103K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02520	+0.020%	$943K	$982K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02524	+0.179%	$2.9M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02520	+0.020%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02519	−0.037%	$746K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02521	+0.061%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02523	+0.134%	$568K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02523	+0.139%	$68K	$518K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02521	+0.060%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02520	+0.037%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02520	+0.012%	$38K	—	3x	as long as short
01 Exchange MONUSDlong	+0.0208%	1h	0.02519	long leg	$6K	$1K	5x
Deribit MON_USDC-PERPETUAL	+0.0226%	1h	0.02521	+0.067%	$74K	$136K	25x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02520	+0.008%	$9K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0324%	1h	0.02521	+0.064%	$2K	$74K	10x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02521	+0.060%	$1.3M	$340K	75x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02526	+0.270%	$110K	$57K	50x	as long as short
Perpl MONshort	+0.0447%	43m	0.02521	+0.048%	$114K	$2.3M	10x
Kraken Futures PF_MONUSD	+0.0723%	1h	0.02524	+0.165%	$271K	$113K	10x	as long as short