Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bitget+0.193%93s7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as 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−$820.823% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.123%+$12 · spread now +0.193%, 7d avg −0.017%

Together, before fees+0.119%+$12 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 0.210% dearer against Bitget than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.017%. The two prices were read 93 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	Bitget MONUSDT	0.02595	0.0100	pay 0.0050% / 4h	2h 11m	$2.8M	$1.8M	25x
Short	ApeX Omni MONUSDT	0.02600	0.0100	get 0.0013% / 1h	11m 57s	$69K	$480K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now +0.193%Rate

Funding earned: $0
Price spread: +0.193% → −0.017%: $20.99
Slippage, 4 orders: −$60.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.33
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; ApeX Omni: live order book, 11 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 Bitget live order book, 5 min ago	5.77 bp	20.6 bp −$21	48.9 bp −$489	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 11 min ago	9.61 bp	18.0 bp −$18	108.8 bp −$1,088	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	−0.0739%	1h	0.02599	+0.154%	$6K	$110	5.5x	as long as short
01 Exchange MONUSD	−0.0232%	1h	0.02591	−0.162%	$6K	$1K	5x	as long as short
Deribit MON_USDC-PERPETUAL	−0.0097%	1h	0.02594	−0.019%	$63K	$110K	25x	as long as short
Bybit MONUSDT	−0.0003%	8h	0.02589	−0.231%	$21.6M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02599	+0.146%	$14K	$384K	5x	as long as short
Orderly PERP_MON_USDC	+0.0090%	4h	0.02593	−0.077%	$17K	$64K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02593	−0.090%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02595	0.000%	$852K	$758K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02597	+0.071%	$383K	$533K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02596	+0.027%	$35.0M	$7.5M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster MONUSDT	+0.0100%	4h	0.02595	−0.017%	$108K	$233K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02598	+0.132%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02595	0.000%	$143K	$106K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02592	−0.111%	$24.6M	$24.6M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02590	−0.193%	$4.4M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02602	+0.270%	$109K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02596	+0.039%	$1.0M	$935K	50x	as long as short
Bitget MONUSDTlong	+0.0100%	4h	0.02595	long leg	$2.8M	$1.8M	25x
Variational Omni MON	+0.0100%	8h	0.02596	+0.053%	$782K	$412K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02600	+0.206%	$48K	$244K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02598	+0.126%	$585K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02600	+0.193%	$69K	$480K	50x
SoDEX MON-USD	+0.0100%	1h	0.02593	−0.077%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02595	−0.015%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02593	−0.096%	$39K	—	3x	as long as short
BloFin MON-USDT	+0.0125%	4h	0.02599	+0.154%	$1.4M	$246K	75x	as long as short
Aftermath Perps MONUSD	+0.0130%	1h	0.02598	+0.120%	$2K	$73K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0131%	1h	0.02598	+0.114%	$268K	$67K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02594	−0.023%	$9K	—	50x	as long as short
Backpack MON_USDC_PERP	+0.0302%	1h	0.02594	−0.027%	$138K	$137K	10x	as long as short
KuCoin MONUSDTM	+0.0382%	4h	0.02602	+0.270%	$3.2M	$747K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02594	−0.042%	$145K	$1.8M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0648%	1h	0.02607	+0.451%	$114K	$50K	50x	as long as short