Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni−0.155%79s7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.686% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.038%+$4 on $10k

Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.155%, 7d avg −0.018%

Together, before fees+0.209%+$21 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: Binance is 0.138% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.018%. The two prices were read 79 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	ApeX Omni MONUSDT	0.02577	0.0100	pay 0.0013% / 1h	32m 11s	$69K	$484K	50x
Short	Binance MONUSDT	0.02573	0.0100	get 0.0050% / 4h	3h 32m	$24.6M	$25.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.018%: −$13.76
Slippage, 4 orders: −$48.56
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$82.32
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 40 min ago; Binance: live order book, 9 min ago.

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 ApeX Omni live order book, 40 min ago	9.78 bp	18.9 bp −$19	113.3 bp −$1,133	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	1.93 bp	15.5 bp −$16	60.7 bp −$607	309.9 bp −$31.0K	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	−0.0444%	1h	0.02576	−0.039%	$6K	$107	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02576	−0.023%	$13K	$351K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02573	−0.159%	$69K	$119K	25x	as long as short
Orderly PERP_MON_USDC	+0.0068%	4h	0.02572	−0.194%	$17K	$64K	10x	as long as short
01 Exchange MONUSD	+0.0088%	1h	0.02571	−0.221%	$6K	$1K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02575	−0.078%	$858K	$754K	10x	as long as short
Paradex MON-USD-PERP	+0.0098%	8h	0.02571	−0.223%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02574	−0.113%	$393K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02578	+0.027%	$35.0M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02573	−0.141%	$107K	$231K	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	0.02575	−0.074%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02575	−0.078%	$142K	$104K	3x	as long as short
Binance MONUSDTshort	+0.0100%	4h	0.02573	−0.155%	$24.6M	$25.7M	75x
Bybit MONUSDT	+0.0100%	8h	0.02572	−0.194%	$21.3M	$12.2M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02572	−0.194%	$4.3M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02575	−0.078%	$106K	$2K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02574	−0.116%	$981K	$904K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02576	−0.039%	$2.7M	$1.9M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02575	−0.062%	$128K	$141K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02581	+0.159%	$780K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02578	+0.031%	$44K	$248K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02581	+0.172%	$585K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02577	long leg	$69K	$484K	50x
SoDEX MON-USD	+0.0100%	1h	0.02572	−0.194%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02576	−0.040%	$49K	$517K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02573	−0.159%	$39K	—	3x	as long as short
Aftermath Perps MONUSD	+0.0135%	1h	0.02576	−0.028%	$4K	$76K	10x	as long as short
KuCoin MONUSDTM	+0.0142%	4h	0.02577	0.000%	$3.0M	$725K	75x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02572	−0.179%	$8K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02578	+0.039%	$1.4M	$308K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02571	−0.237%	$174K	$2.0M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0464%	1h	0.02576	−0.049%	$270K	$78K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0808%	1h	0.02577	0.000%	$113K	$51K	50x	as long as short