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% APRpaid last 24h +0.056%

Price spread now: KuCoin against ApeX Omni+0.198%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1391.386% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)−0.508%−$51 · spread now +0.198%, 7d avg +0.071%

Together, before fees−0.462%−$46 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: KuCoin is 0.127% dearer against ApeX Omni than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni MONUSDT	0.02519	0.0100	pay 0.0013% / 1h	20m 52s	$68K	$546K	50x
Short	KuCoin MONUSDTM	0.02524	0.0100	get 0.0050% / 4h	3h 20m	$2.9M	$769K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → +0.071%: $12.73
Slippage, 4 orders: −$116.64
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$125.91
Costs to cover: 1.386%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 12 min ago; KuCoin: live order book, 6 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, 12 min ago	12.01 bp	20.2 bp −$20	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	12.01 bp	51.6 bp −$52	467.1 bp −$4,671	doesn't fit	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	−0.0122%	1h	0.02526	+0.278%	$112K	$151K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−0.556%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02501	−0.726%	$13K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0027%	1h	0.02527	+0.333%	$73K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02526	+0.278%	$811K	$766K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02520	+0.022%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02525	+0.218%	$34.1M	$6.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02525	+0.235%	$100K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02524	+0.183%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02523	+0.167%	$140K	$91K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02523	+0.174%	$24.2M	$27.7M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02521	+0.079%	$21.0M	$13.7M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02521	+0.079%	$4.2M	$6.1M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02492	−1.075%	$102K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02526	+0.278%	$953K	$1.0M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02524	+0.198%	$2.9M	$769K	75x
Bitget MONUSDT	+0.0100%	4h	0.02523	+0.159%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02522	+0.124%	$749K	$378K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02514	−0.187%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.048%	$571K	$1.5M	10x	as long as short
ApeX Omni MONUSDTlong	+0.0100%	1h	0.02519	long leg	$68K	$546K	50x
Nado MON-PERP	+0.0100%	1h	0.02527	+0.305%	$392K	$573K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02527	+0.318%	$16K	$40K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02526	+0.278%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02527	+0.328%	$58K	$326K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02526	+0.278%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0152%	1h	0.02526	+0.298%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02525	+0.226%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02522	+0.119%	$1.3M	$372K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02526	+0.270%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0509%	1h	0.02512	−0.272%	$5K	$102K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02529	+0.385%	$112K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0791%	1h	0.02529	+0.413%	$272K	$118K	10x	as long as short