Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.091%
Price spread now: Hyperliquid against Binance+0.072%7-day average +0.127% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.160%+$16 on $10k
Price spread, last 7 days−0.007%−$1 · spread now +0.072%, 7d avg +0.127%
Together, before fees+0.153%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 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: Hyperliquid is 0.055% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.127%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance MONUSDT0.025010.0100pay 0.0050% / 4h3h 08m$23.8M$27.0M75x
ShortHyperliquid MON0.025030.0100get 0.0013% / 1h8m 02s$33.7M$7.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid 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

Funding earned
$0
Price spread: +0.072% → +0.127%
−$5.52
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$24.52
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 3 min ago; Hyperliquid: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago2.00 bp14.0 bp −$1455.4 bp −$554486.9 bp −$48.7Kdoesn't fit
Sell Hyperliquid live order book, 5 min ago0.60 bp9.2 bp −$9doesn't fitdoesn't fitdoesn't fit

MON on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective MON/USDC PERP−0.0203%1h0.02515+0.564%$5K$1145.5xas long as short
Phoenix MON0.0000%1h0.02513+0.476%$12K$358K5xas long as short
Bybit MONUSDT+0.0006%8h0.02498−0.116%$20.5M$13.5M50xas long as short
Backpack MON_USDC_PERP+0.0018%1h0.02502+0.040%$110K$152K10xas long as short
Deribit MON_USDC-PERPETUAL+0.0070%1h0.02501−0.008%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0078%4h0.02499−0.076%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02502+0.044%$839K$733K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02498−0.108%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02501−0.002%$404K$586K10xas long as short
Hyperliquid MONshort+0.0100%1h0.02503+0.072%$33.7M$7.5M5x
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster MONUSDT+0.0100%4h0.02500−0.032%$100K$222K10xas long as short
dYdX MON-USD+0.0100%1h0.02501−0.013%$12K5xas long as short
Pacifica MON+0.0100%1h0.02499−0.076%$138K$92K3xas long as short
Binance MONUSDTlong+0.0100%4h0.02501long leg$23.8M$27.0M75x
OKX MON-USDT-SWAP+0.0100%4h0.02501+0.004%$4.2M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02510+0.368%$103K$1K10xas long as short
Gate MON_USDT+0.0100%4h0.02499−0.076%$934K$990K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02501+0.004%$2.9M$765K75xas long as short
Bitget MONUSDT+0.0100%4h0.02503+0.084%$2.7M$2.2M25xas long as short
Variational Omni MON+0.0100%8h0.02506+0.185%$743K$405Kas long as short
edgeX MONUSDC+0.0100%4h0.02515+0.578%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02517+0.634%$567K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02517+0.644%$68K$521K50xas long as short
SoDEX MON-USD+0.0100%1h0.02500−0.036%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02503+0.103%$50K$270K10xas long as short
Aevo MON-PERP+0.0104%1h0.02499−0.056%$38K3xas long as short
01 Exchange MONUSD+0.0200%1h0.02497−0.148%$6K$1K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02500−0.052%$9K50xas long as short
Aftermath Perps MONUSD+0.0322%1h0.02509+0.311%$2K$78K10xas long as short
BloFin MON-USDT+0.0340%4h0.02500−0.036%$1.3M$338K75xas long as short
Coinbase International MON-PERP-INTX+0.0368%1h0.02530+1.164%$110K$57K50xas long as short
Perpl MON+0.0447%43m0.02502+0.052%$113K$2.2M10xas long as short
Kraken Futures PF_MONUSD+0.0728%1h0.02503+0.094%$269K$113K10xas long as short