Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Bitget−0.529%84s7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as 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−$890.892% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.485%+$48 · spread now −0.529%, 7d avg −0.066%

Together, before fees+0.501%+ Points / potential airdropedgeX: Active · farm board+$50 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: edgeX is 0.463% cheaper against Bitget than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of −0.066%. The two prices were read 84 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	0.02514	0.0100	pay 0.0050% / 4h	2h 14m	$2.7M	$2.3M	25x
Short	edgeX MONUSDC	0.02501	0.0100	get 0.0050% / 4h	2h 14m	$41K	$251K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.529%Rate

Funding earned: $0
Price spread: −0.529% → −0.066%: −$46.25
Slippage, 4 orders: −$68.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$135.49
Costs to cover: 0.892%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; edgeX: live order book, 33 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, 3 min ago	7.98 bp	18.1 bp −$18	46.2 bp −$462	doesn't fit	doesn't fit
Sell edgeX live order book, 33 min ago	10.03 bp	23.7 bp −$24	doesn't fit	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	−0.0097%	1h	0.02514	+0.016%	$114K	$154K	10x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02509	−0.199%	$20.6M	$13.7M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02499	−0.581%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02512	−0.080%	$74K	$135K	25x	as long as short
01 Exchange MONUSD	+0.0016%	1h	0.02511	−0.123%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	−0.994%	$5K	$113	5.5x	as long as short
Aftermath Perps MONUSD	+0.0071%	1h	0.02497	−0.658%	$5K	$94K	10x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02511	−0.119%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02512	−0.080%	$818K	$767K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02509	−0.195%	$8K	$42	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado MON-PERP	+0.0100%	1h	0.02514	−0.016%	$412K	$571K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02514	+0.016%	$33.7M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02511	−0.139%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02508	−0.219%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02510	−0.159%	$139K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02511	−0.119%	$23.8M	$27.5M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02511	−0.119%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02479	−1.373%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02510	−0.159%	$942K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02513	−0.040%	$2.9M	$765K	75x	as long as short
Bitget MONUSDTlong	+0.0100%	4h	0.02514	long leg	$2.7M	$2.3M	25x
Variational Omni MON	+0.0100%	8h	0.02503	−0.454%	$739K	$410K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02501	−0.529%	$41K	$251K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02502	−0.477%	$556K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02503	−0.438%	$68K	$530K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02511	−0.119%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02513	−0.031%	$47K	$283K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02512	−0.076%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02511	−0.107%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02500	−0.557%	$1.3M	$346K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02513	−0.060%	$114K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02515	+0.020%	$110K	$56K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1012%	1h	0.02514	−0.010%	$270K	$119K	10x	as long as short