Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against ApeX Omni−0.596%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on ApeX Omni Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.596%, 7d avg −0.022%

Together, before fees−0.003%$0 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: Bulk is 0.573% cheaper against ApeX Omni than usual: you would sell low and buy high, −$57 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MONUSDT	0.02557	0.0100	pay 0.0013% / 1h	59m 13s	$69K	$545K	50x
Short	Bulk MON-USD	0.02542	0.0100	get 0.0013% / 1h	59m 13s	$104K	−$0	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.596%Rate

Funding earned: $0
Price spread: −0.596% → −0.022%: −$57.32
Slippage, 4 orders: −$74.12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$148.44
Costs to cover: 0.911%
Break-even: 305014526198924608.0 days

Slippage from ApeX Omni: live order book, 33 min ago; Bulk: live order book, 34 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, 33 min ago	12.01 bp	20.2 bp −$20	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell Bulk live order book, 34 min ago	19.96 bp	23.5 bp −$23	23.5 bp −$235	339.5 bp −$33.9K	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
Backpack MON_USDC_PERP	−0.0021%	1h	0.02558	+0.027%	$114K	$152K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02558	+0.023%	$14K	$304K	5x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02505	−2.034%	$5K	$104	5.5x	as long as short
Lighter MON	+0.0096%	1h	0.02558	+0.039%	$834K	$759K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02555	−0.088%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02559	+0.097%	$392K	$577K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02557	−0.001%	$101K	$202K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02557	+0.012%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02555	−0.063%	$142K	$89K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02556	−0.039%	$24.6M	$26.8M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02553	−0.137%	$21.3M	$13.4M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02554	−0.117%	$4.3M	$6.1M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	0.000%	$1.0M	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02557	0.000%	$2.9M	$762K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02556	−0.039%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.175%	$759K	$376K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02555	−0.060%	$42K	$252K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02557	+0.015%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02557	long leg	$69K	$545K	50x
Orderly PERP_MON_USDC	+0.0100%	4h	0.02556	−0.039%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02555	−0.078%	$5K	$6K	5x	as long as short
Bulk MON-USDshort	+0.0100%	1h	0.02542	−0.596%	$104K	−$0	10x
Extended MON-USD	+0.0104%	1h	0.02558	+0.053%	$61K	$329K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02555	−0.090%	$39K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02555	−0.098%	$7K	—	50x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0298%	1h	0.02556	−0.031%	$73K	$135K	25x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02556	−0.039%	$1.4M	$403K	75x	as long as short
Hyperliquid MON	+0.0378%	1h	0.02559	+0.086%	$34.6M	$6.5M	5x	as long as short
01 Exchange MONUSD	+0.0440%	1h	0.02557	+0.016%	$6K	$3K	5x	as long as short
Perpl MON	+0.0447%	43m	0.02557	+0.012%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0634%	1h	0.02557	+0.014%	$4K	$97K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0667%	1h	0.02560	+0.099%	$275K	$118K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0800%	1h	0.02575	+0.708%	$114K	$53K	50x	as long as short