Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0236%/8h= −25.8% APRpaid last 24h −0.033%

Price spread now: Extended against BloFin+0.215%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$850.854% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)−0.394%−$39 · spread now +0.215%, 7d avg +0.093%

Together, before fees−0.565%+ Points / potential airdropExtended: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Extended is 0.121% dearer against BloFin than usual: you sell high and buy low (spread +0.215% now, against its 7-day average of +0.093%): +$12 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.170% in total) that is about 5.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02472	0.0340	pay 0.0170% / 4h	2h 30m	$1.3M	$346K	75x
Short	Extended MON-USD	0.02477	0.0104	get 0.0013% / 1h	30m 28s	$47K	$288K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.215%Rate

Funding earned: −$49.56
Price spread: +0.215% → +0.093%: $12.14
Slippage, 4 orders: −$68.45
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$122.87
Costs to cover: 0.854%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Extended: live order book, 17 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, 2 min ago	4.04 bp	13.6 bp −$14	34.4 bp −$344	149.4 bp −$14.9K	doesn't fit
Sell Extended live order book, 17 min ago	4.01 bp	27.3 bp −$27	184.9 bp −$1,849	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	−0.0120%	1h	0.02477	+0.186%	$115K	$156K	10x	as long as short
Bybit MONUSDT	−0.0009%	8h	0.02475	+0.133%	$20.3M	$13.6M	50x	as long as short
Phoenix MON	0.0000%	1h	0.02478	+0.239%	$12K	$355K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02476	+0.150%	$73K	$136K	25x	as long as short
01 Exchange MONUSD	+0.0024%	1h	0.02478	+0.235%	$6K	$1K	5x	as long as short
Injective MON/USDC PERP	+0.0039%	1h	0.02489	+0.688%	$5K	$113	5.5x	as long as short
Orderly PERP_MON_USDC	+0.0083%	4h	0.02475	+0.121%	$16K	$48K	10x	as long as short
Lighter MON	+0.0096%	1h	0.02477	+0.202%	$816K	$755K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02476	+0.174%	$7K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02478	+0.246%	$409K	$569K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid MON	+0.0100%	1h	0.02478	+0.259%	$33.2M	$7.6M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02477	+0.202%	$99K	$221K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02474	+0.069%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02477	+0.222%	$137K	$92K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02477	+0.216%	$23.5M	$27.4M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02477	+0.202%	$4.1M	$6.0M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02475	+0.121%	$102K	$1K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02478	+0.243%	$926K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02480	+0.324%	$2.8M	$764K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02480	+0.324%	$2.7M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02473	+0.025%	$732K	$407K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02473	+0.041%	$41K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02477	+0.189%	$557K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02477	+0.202%	$67K	$527K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02475	+0.121%	$5K	$6K	5x	as long as short
Extended MON-USDshort	+0.0104%	1h	0.02477	+0.215%	$47K	$288K	10x
Aevo MON-PERP	+0.0104%	1h	0.02474	+0.081%	$37K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02479	+0.279%	$6K	—	50x	as long as short
Aftermath Perps MONUSD	+0.0237%	1h	0.02481	+0.366%	$5K	$81K	10x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02472	long leg	$1.3M	$346K	75x
Perpl MON	+0.0447%	43m	0.02479	+0.271%	$113K	$2.2M	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0456%	1h	0.02530	+2.346%	$110K	$54K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1027%	1h	0.02479	+0.282%	$266K	$119K	10x	as long as short