Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Nado against Bitget+0.132%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.267%+$27 · spread now +0.132%, 7d avg +0.107%

Together, before fees+0.269%+ Points / potential airdropNado: Active · farm board+$27 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: Nado is 0.025% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget MONUSDT	0.02529	0.0100	pay 0.0050% / 4h	2h 18m	$2.8M	$2.3M	25x
Short	Nado MON-PERP	0.02532	0.0100	get 0.0012% / 1h	18m 58s	$395K	$569K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → +0.107%: $2.48
Slippage, 4 orders: −$44.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$61.35
Costs to cover: 0.638%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Nado: live order book, 32 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, 2 min ago	7.90 bp	20.3 bp −$20	63.9 bp −$639	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	1.38 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit

MON on 33 exchanges

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	−0.0167%	1h	0.02529	−0.004%	$111K	$148K	10x	as long as short
Phoenix MON	0.0000%	1h	0.02530	+0.043%	$13K	$307K	5x	as long as short
Bybit MONUSDT	+0.0031%	8h	0.02524	−0.198%	$21.1M	$13.6M	50x	as long as short
Injective MON/USDC PERP	+0.0033%	1h	0.02541	+0.474%	$6K	$105	5.5x	as long as short
Lighter MON	+0.0096%	1h	0.02530	+0.040%	$830K	$765K	10x	as long as short
Paradex MON-USD-PERP	+0.0099%	8h	0.02527	−0.061%	$8K	$42	5x	as long as short
Nado MON-PERPshort	+0.0100%	1h	0.02532	+0.132%	$395K	$569K	10x
Hyperliquid MON	+0.0100%	1h	0.02528	−0.036%	$33.9M	$6.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02530	+0.040%	$100K	$202K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02530	+0.030%	$13K	—	5x	as long as short

Show all 33 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica MON	+0.0100%	1h	0.02530	+0.040%	$140K	$88K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02528	−0.040%	$24.4M	$26.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02526	−0.119%	$4.2M	$6.0M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02529	0.000%	$1.0M	$1.2M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02530	+0.040%	$2.9M	$756K	75x	as long as short
Bitget MONUSDTlong	+0.0100%	4h	0.02529	long leg	$2.8M	$2.3M	25x
Variational Omni MON	+0.0100%	8h	0.02528	−0.040%	$756K	$379K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02532	+0.124%	$42K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02534	+0.181%	$563K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02533	+0.158%	$68K	$547K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02528	−0.040%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02527	−0.079%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02555	+1.021%	$105K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02529	−0.002%	$58K	$326K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02527	−0.079%	$38K	—	3x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0106%	1h	0.02528	−0.032%	$72K	$115K	25x	as long as short
01 Exchange MONUSD	+0.0128%	1h	0.02530	+0.047%	$6K	$2K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02528	−0.047%	$6K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02529	0.000%	$1.4M	$390K	75x	as long as short
Perpl MON	+0.0447%	43m	0.02530	+0.028%	$117K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0640%	1h	0.02536	+0.272%	$4K	$95K	10x	as long as short
Kraken Futures PF_MONUSD	+0.0675%	1h	0.02530	+0.050%	$272K	$121K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0800%	1h	0.02561	+1.277%	$113K	$51K	50x	as long as short