Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance+0.719%79s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as 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−$720.721% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)−0.700%−$70 · spread now +0.719%, 7d avg +0.021%

Together, before fees−0.719%−$72 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: ApeX Omni is 0.697% dearer against Binance than usual: you sell high and buy low, +$70 on $10k if it goes back to its 7-day average of +0.021%. 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	Binance MONUSDT	0.02505	0.0100	pay 0.0050% / 4h	3h 22m	$23.8M	$27.0M	75x
Short	ApeX Omni MONUSDT	0.02523	0.0100	get 0.0013% / 1h	22m 11s	$68K	$521K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.719%Rate

Funding earned: $0
Price spread: +0.719% → +0.021%: $69.73
Slippage, 4 orders: −$52.12
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$2.39
Costs to cover: 0.721%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; ApeX Omni: live order book, 30 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 Binance live order book, 4 min ago	1.99 bp	14.5 bp −$14	53.9 bp −$539	469.7 bp −$47.0K	doesn't fit
Sell ApeX Omni live order book, 30 min ago	9.88 bp	20.7 bp −$21	119.4 bp −$1,194	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
Injective MON/USDC PERP	−0.0203%	1h	0.02523	+0.719%	$5K	$112	5.5x	as long as short
Bybit MONUSDT	−0.0005%	8h	0.02505	−0.016%	$20.6M	$13.4M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02518	+0.539%	$12K	$358K	5x	as long as short
Backpack MON_USDC_PERP	+0.0049%	1h	0.02507	+0.060%	$110K	$151K	10x	as long as short
Orderly PERP_MON_USDC	+0.0074%	4h	0.02507	+0.080%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02507	+0.080%	$841K	$732K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02506	+0.028%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02510	+0.188%	$407K	$586K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02508	+0.104%	$33.8M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02506	+0.043%	$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	0.02509	+0.154%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02509	+0.160%	$138K	$93K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02505	long leg	$23.8M	$27.0M	75x
OKX MON-USDT-SWAP	+0.0100%	4h	0.02504	−0.040%	$4.2M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02511	+0.238%	$103K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02506	+0.040%	$937K	$984K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02509	+0.160%	$2.8M	$761K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02506	+0.040%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02520	+0.580%	$747K	$408K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02522	+0.684%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02520	+0.599%	$567K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02523	+0.719%	$68K	$521K	50x
SoDEX MON-USD	+0.0100%	1h	0.02506	+0.040%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02509	+0.142%	$48K	$519K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02505	+0.008%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0109%	1h	0.02507	+0.092%	$74K	$136K	25x	as long as short
01 Exchange MONUSD	+0.0208%	1h	0.02503	−0.084%	$6K	$1K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02506	+0.056%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02517	+0.479%	$1.3M	$345K	75x	as long as short
Aftermath Perps MONUSD	+0.0353%	1h	0.02517	+0.488%	$2K	$74K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0368%	1h	0.02530	+0.998%	$110K	$57K	50x	as long as short
Perpl MON	+0.0447%	43m	0.02507	+0.068%	$114K	$2.2M	10x	as long as short
Kraken Futures PF_MONUSD	+0.0727%	1h	0.02509	+0.155%	$270K	$113K	10x	as long as short