Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.013%

Price spread now: ApeX Omni against BloFin+0.078%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 3 days (all we have)−0.588%−$59 · spread now +0.078%, 7d avg −0.020%

Together, before fees−0.809%−$81 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.098% dearer against BloFin than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.020%): +$10 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 hours. At the pace of the last 7 days (−0.221% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02580	0.0340	pay 0.0170% / 4h	1h 48m	$1.4M	$293K	75x
Short	ApeX Omni MONUSDT	0.02582	0.0100	get 0.0013% / 1h	48m 05s	$69K	$480K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.078%Rate

Funding earned: −$50.4
Price spread: +0.078% → −0.020%: $9.77
Slippage, 4 orders: −$55.82
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$118.45
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 35 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 BloFin live order book, 4 min ago	9.67 bp	20.3 bp −$20	34.2 bp −$342	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 35 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
01 Exchange MONUSD	−0.0112%	1h	0.02581	+0.027%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	−0.0053%	1h	0.02582	+0.078%	$6K	$107	5.5x	as long as short
Bybit MONUSDT	−0.0035%	8h	0.02578	−0.078%	$21.5M	$11.8M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02580	−0.016%	$13K	$362K	5x	as long as short
Perpl MON	0.0000%	43m	0.02582	+0.066%	$144K	$1.8M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02582	+0.058%	$70K	$119K	25x	as long as short
Aftermath Perps MONUSD	+0.0039%	1h	0.02584	+0.153%	$2K	$74K	10x	as long as short
Paradex MON-USD-PERP	+0.0071%	8h	0.02578	−0.066%	$8K	$42	5x	as long as short
Orderly PERP_MON_USDC	+0.0075%	4h	0.02579	−0.039%	$17K	$64K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02581	+0.039%	$846K	$763K	10x	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	0.02581	+0.053%	$387K	$536K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02583	+0.116%	$34.9M	$7.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02582	+0.092%	$108K	$230K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02580	−0.008%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02579	−0.039%	$142K	$107K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02581	+0.024%	$24.5M	$24.7M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02578	−0.078%	$4.4M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02580	0.000%	$108K	$3K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02580	0.000%	$1.0M	$862K	50x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02581	+0.039%	$2.7M	$1.8M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02572	−0.299%	$777K	$410K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02577	−0.105%	$47K	$243K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02581	+0.035%	$581K	$1.5M	10x	as long as short
ApeX Omni MONUSDTshort	+0.0100%	1h	0.02582	+0.078%	$69K	$480K	50x
SoDEX MON-USD	+0.0100%	1h	0.02579	−0.039%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02583	+0.104%	$52K	$407K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02581	+0.027%	$39K	—	3x	as long as short
Kraken Futures PF_MONUSD	+0.0173%	1h	0.02583	+0.128%	$266K	$70K	10x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0261% / S −0.0598%	1h	0.02582	+0.078%	$9K	—	50x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02580	long leg	$1.4M	$293K	75x
KuCoin MONUSDTM	+0.0358%	4h	0.02588	+0.310%	$3.2M	$766K	75x	as long as short
Backpack MON_USDC_PERP	+0.0411%	1h	0.02581	+0.054%	$138K	$136K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0536%	1h	0.02607	+1.035%	$114K	$49K	50x	as long as short