Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.056%

Price spread now: KuCoin against Bitget+0.080%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1191.189% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days−0.148%−$15 · spread now +0.080%, 7d avg +0.054%

Together, before fees−0.103%−$10 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: KuCoin is 0.026% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MONUSDT	0.02496	0.0100	pay 0.0050% / 4h	3h 28m	$2.7M	$2.3M	25x
Short	KuCoin MONUSDTM	0.02498	0.0100	get 0.0050% / 4h	3h 28m	$2.9M	$771K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.054%: $2.65
Slippage, 4 orders: −$94.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$116.22
Costs to cover: 1.189%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 8 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, 4 min ago	6.00 bp	20.1 bp −$20	47.5 bp −$475	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	7.94 bp	47.0 bp −$47	470.3 bp −$4,703	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	−0.0146%	1h	0.02498	+0.060%	$111K	$157K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	+0.361%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02498	+0.076%	$13K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02497	+0.024%	$72K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02495	−0.040%	$802K	$766K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02498	+0.061%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02500	+0.144%	$388K	$575K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02496	+0.008%	$33.7M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02496	+0.017%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02496	−0.008%	$12K	—	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	0.02498	+0.088%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02493	−0.120%	$23.7M	$27.7M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02491	−0.200%	$20.8M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02493	−0.120%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	+0.945%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02497	+0.040%	$936K	$1.0M	50x	as long as short
KuCoin MONUSDTMshort	+0.0100%	4h	0.02498	+0.080%	$2.9M	$771K	75x
Bitget MONUSDTlong	+0.0100%	4h	0.02496	long leg	$2.7M	$2.3M	25x
Variational Omni MON	+0.0100%	8h	0.02497	+0.024%	$741K	$378K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02498	+0.082%	$41K	$252K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02498	+0.097%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02498	+0.080%	$68K	$544K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02497	+0.040%	$16K	$40K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02496	0.000%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02498	+0.082%	$57K	$332K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02494	−0.060%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0120%	1h	0.02498	+0.084%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02497	+0.052%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02495	−0.040%	$1.3M	$368K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02498	+0.064%	$118K	$2.2M	10x	as long as short
Aftermath Perps MONUSD	+0.0494%	1h	0.02505	+0.354%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02525	+1.162%	$111K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0801%	1h	0.02497	+0.058%	$268K	$118K	10x	as long as short