Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.030%

Price spread now: Nado against BloFin+0.049%7-day average +0.117% · 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−$540.537% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.049%, 7d avg +0.117%

Together, before fees−0.279%+ Points / potential airdropNado: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Nado is 0.068% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.117%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02501	0.0340	pay 0.0170% / 4h	37m 12s	$1.3M	$340K	75x
Short	Nado MON-PERP	0.02502	0.0100	get 0.0012% / 1h	37m 12s	$393K	$578K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.049%Rate

Funding earned: −$50.4
Price spread: +0.049% → +0.117%: −$6.78
Slippage, 4 orders: −$34.74
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$110.92
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Nado: live order book, 1 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, 5 min ago	7.97 bp	14.0 bp −$14	31.7 bp −$317	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	2.20 bp	10.4 bp −$10	doesn't fit	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
Injective MON/USDC PERP	−0.0032%	1h	0.02500	−0.040%	$5K	$110	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02510	+0.348%	$13K	$349K	5x	as long as short
Perpl MON	0.0000%	43m	0.02500	−0.040%	$126K	$2.2M	10x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02498	−0.108%	$72K	$138K	25x	as long as short
Lighter MON	+0.0096%	1h	0.02501	0.000%	$802K	$785K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02499	−0.087%	$8K	$42	5x	as long as short
Nado MON-PERPshort	+0.0100%	1h	0.02502	+0.049%	$393K	$578K	10x
Aster MONUSDT	+0.0100%	4h	0.02502	+0.043%	$99K	$213K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02500	−0.022%	$12K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02501	+0.020%	$138K	$92K	3x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance MONUSDT	+0.0100%	4h	0.02501	0.000%	$23.8M	$27.6M	75x	as long as short
Bybit MONUSDT	+0.0100%	8h	0.02499	−0.080%	$20.7M	$13.8M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02500	−0.040%	$4.2M	$6.2M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02505	+0.160%	$103K	−$0	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02501	0.000%	$941K	$1.0M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02505	+0.160%	$2.9M	$766K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02502	+0.040%	$2.7M	$2.3M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02502	+0.044%	$109K	$156K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02507	+0.240%	$744K	$411K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02505	+0.178%	$41K	$250K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02508	+0.280%	$566K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02510	+0.360%	$68K	$538K	50x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02500	−0.040%	$16K	$42K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02498	−0.120%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02502	+0.023%	$47K	$314K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02498	−0.132%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02498	−0.104%	$6K	—	50x	as long as short
Hyperliquid MON	+0.0234%	1h	0.02502	+0.032%	$33.8M	$7.8M	5x	as long as short
01 Exchange MONUSD	+0.0320%	1h	0.02498	−0.132%	$6K	$3K	5x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02501	long leg	$1.3M	$340K	75x
Aftermath Perps MONUSD	+0.0572%	1h	0.02504	+0.125%	$5K	$101K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0680%	1h	0.02515	+0.552%	$111K	$55K	50x	as long as short
Kraken Futures PF_MONUSD	+0.1205%	1h	0.02501	0.000%	$269K	$119K	10x	as long as short