Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0429%/8h= −46.9% APRpaid last 24h −0.067%

Price spread now: Injective against BloFin+0.401%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.401% dearer against BloFin than usual: you sell high and buy low (spread +0.401% now, against zero (this spread has no 7-day history yet)): +$40 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02495	0.0340	pay 0.0170% / 4h	3h 29m	$1.3M	$368K	75x
Short	Injective MON/USDC PERP	0.02505	−0.0089	pay 0.0011% / 1h	29m 05s	$5K	$108	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.401%Rate

Funding earned: −$90.03
Price spread: +0.401% → 0.000%: $40.08
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$61.97
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.

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, 3 min ago	2.00 bp	10.7 bp −$11	30.6 bp −$306	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.100%	$111K	$157K	10x	as long as short
Injective MON/USDC PERPshort	−0.0089%	1h	0.02505	+0.401%	$5K	$108	5.5x
Phoenix MON	0.0000%	1h	0.02498	+0.116%	$13K	$346K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02497	+0.064%	$72K	$137K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02497	+0.080%	$802K	$766K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02498	+0.101%	$8K	$42	5x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02500	+0.184%	$388K	$575K	10x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02498	+0.132%	$33.7M	$7.8M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02497	+0.063%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02499	+0.143%	$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	+0.128%	$138K	$91K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02495	+0.012%	$23.8M	$27.7M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02494	−0.032%	$20.8M	$13.9M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02494	−0.040%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02520	+0.986%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02497	+0.080%	$936K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02498	+0.120%	$2.9M	$771K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02497	+0.080%	$2.7M	$2.3M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02497	+0.064%	$741K	$378K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02498	+0.122%	$41K	$252K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02498	+0.137%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02498	+0.120%	$68K	$544K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02497	+0.080%	$16K	$40K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02496	+0.040%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02500	+0.187%	$57K	$332K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02494	−0.020%	$38K	—	3x	as long as short
01 Exchange MONUSD	+0.0120%	1h	0.02498	+0.124%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0230% / S −0.0246%	1h	0.02497	+0.092%	$6K	—	50x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02495	long leg	$1.3M	$368K	75x
Perpl MON	+0.0447%	43m	0.02498	+0.104%	$118K	$2.2M	10x	as long as short
Aftermath Perps MONUSD	+0.0494%	1h	0.02505	+0.395%	$5K	$103K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02525	+1.202%	$111K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0801%	1h	0.02497	+0.098%	$268K	$118K	10x	as long as short