Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.048%

Price spread now: Pacifica against BloFin−0.156%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$840.844% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.185%−$18 on $10k

Price spread, last 4 days (all we have)−0.575%−$58 · spread now −0.156%, 7d avg +0.003%

Together, before fees−0.760%+ Points / potential airdropPacifica: Active · farm board−$76 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 Pacifica is 0.159% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin MON-USDT	0.02561	0.0340	pay 0.0170% / 4h	3h 00m	$1.4M	$404K	75x
Short	Pacifica MON	0.02557	0.0100	get 0.0013% / 1h	0m 34s	$142K	$89K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.156%Rate

Funding earned: −$50.4
Price spread: −0.156% → +0.003%: −$15.95
Slippage, 4 orders: −$64.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$150.72
Costs to cover: 0.844%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Pacifica: 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 BloFin live order book, 2 min ago	7.82 bp	13.8 bp −$14	26.5 bp −$265	doesn't fit	doesn't fit
Sell Pacifica live order book, 32 min ago	8.00 bp	26.6 bp −$27	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
Backpack MON_USDC_PERP	−0.0147%	1h	0.02557	−0.164%	$114K	$152K	10x	as long as short
Injective MON/USDC PERP	−0.0089%	1h	0.02505	−2.187%	$5K	$108	5.5x	as long as short
Phoenix MON	0.0000%	1h	0.02558	−0.133%	$14K	$346K	5x	as long as short
Lighter MON	+0.0096%	1h	0.02558	−0.117%	$833K	$781K	10x	as long as short
Paradex MON-USD-PERP	+0.0100%	8h	0.02557	−0.170%	$8K	$42	5x	as long as short
Hyperliquid MON	+0.0100%	1h	0.02559	−0.059%	$34.6M	$6.5M	5x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02557	−0.170%	$101K	$202K	10x	as long as short
dYdX MON-USD	+0.0100%	1h	0.02557	−0.144%	$13K	—	5x	as long as short
Pacifica MONshort	+0.0100%	1h	0.02557	−0.156%	$142K	$89K	3x
Binance MONUSDT	+0.0100%	4h	0.02557	−0.167%	$24.6M	$26.8M	75x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit MONUSDT	+0.0100%	8h	0.02556	−0.195%	$21.3M	$13.4M	50x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02557	−0.156%	$4.3M	$6.1M	50x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02557	−0.156%	$1.0M	$1.1M	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02556	−0.195%	$2.9M	$757K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02557	−0.156%	$2.8M	$2.2M	25x	as long as short
Variational Omni MON	+0.0100%	8h	0.02553	−0.331%	$759K	$376K	—	as long as short
edgeX MONUSDC	+0.0100%	4h	0.02562	+0.037%	$42K	$251K	10x	as long as short
GRVT MON_USDT_Perp	+0.0100%	4h	0.02559	−0.078%	$580K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02560	−0.039%	$69K	$545K	50x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02560	−0.048%	$392K	$577K	10x	as long as short
Orderly PERP_MON_USDC	+0.0100%	4h	0.02556	−0.195%	$16K	$36K	10x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02556	−0.195%	$5K	$6K	5x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02542	−0.751%	$104K	−$0	10x	as long as short
Extended MON-USD	+0.0104%	1h	0.02560	−0.056%	$61K	$329K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02556	−0.215%	$39K	—	3x	as long as short
01 Exchange MONUSD	+0.0184%	1h	0.02560	−0.055%	$6K	$3K	5x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0231% / S −0.0246%	1h	0.02555	−0.254%	$7K	—	50x	as long as short
Deribit MON_USDC-PERPETUAL	+0.0337%	1h	0.02557	−0.156%	$73K	$135K	25x	as long as short
BloFin MON-USDTlong	+0.0340%	4h	0.02561	long leg	$1.4M	$404K	75x
Perpl MON	+0.0447%	43m	0.02559	−0.090%	$119K	$2.1M	10x	as long as short
Aftermath Perps MONUSD	+0.0615%	1h	0.02556	−0.202%	$4K	$97K	10x	as long as short
Coinbase International MON-PERP-INTX	+0.0744%	1h	0.02575	+0.551%	$114K	$53K	50x	as long as short
Kraken Futures PF_MONUSD	+0.0782%	1h	0.02560	−0.044%	$275K	$118K	10x	as long as short