Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.029%

Price spread now: 01 Exchange against Binance−0.094%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.094% cheaper against Binance than usual: you would sell low and buy high (spread −0.094% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 16 days of funding at the current rate (+$1 a day). The two prices were read 53 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	0.02503	0.0100	pay 0.0050% / 4h	3h 32m	$23.8M	$27.5M	75x
Short	01 Exchange MONUSD	0.02501	0.0120	get 0.0015% / 1h	32m 42s	$6K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.094%Rate

Funding earned: $4.2
Price spread: −0.094% → 0.000%: −$9.41
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$22.21
Costs to cover: 0.170%
Break-even: 44.0 days

Slippage unknown: Binance: live order book, 9 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 9 min ago	1.99 bp	17.9 bp −$18	56.9 bp −$569	542.2 bp −$54.2K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0140%	1h	0.02504	+0.026%	$111K	$157K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	+0.066%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02518	+0.577%	$13K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02502	−0.046%	$73K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02504	+0.026%	$805K	$766K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02503	−0.021%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02507	+0.146%	$389K	$573K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02505	+0.078%	$33.8M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02503	−0.015%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02502	−0.043%	$13K	—	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02505	+0.066%	$139K	$91K	3x	as long as short
Binance MONUSDTlong	+0.0100%	4h	0.02503	long leg	$23.8M	$27.5M	75x
Bybit MONUSDT	+0.0100%	8h	0.02501	−0.106%	$20.9M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02503	−0.014%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	+0.649%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02503	−0.014%	$939K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02505	+0.066%	$2.9M	$771K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02504	+0.026%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02510	+0.249%	$747K	$392K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02510	+0.284%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02513	+0.385%	$559K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02518	+0.585%	$68K	$544K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02503	−0.014%	$16K	$40K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02503	−0.014%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02506	+0.108%	$60K	$328K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02500	−0.114%	$38K	—	3x	as long as short
01 Exchange MONUSDshort	+0.0120%	1h	0.02501	−0.094%	$6K	$3K	5x
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02501	−0.082%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02501	−0.094%	$1.3M	$369K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02509	+0.222%	$119K	$2.2M	10x	as long as short
Aftermath Perps MONUSD	+0.0477%	1h	0.02513	+0.382%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02525	+0.865%	$111K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0799%	1h	0.02506	+0.110%	$269K	$118K	10x	as long as short