Settings8H · net · $10k
Funding arb · Price arb /

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.033%
Price spread now: 01 Exchange against Bulk−0.681%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding pays, the price is against you. 01 Exchange is 0.681% cheaper against Bulk than usual: you would sell low and buy high (spread −0.681% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$68 on $10k: about 13 days of funding at the current rate (+$5 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk MON-USD0.025200.0100pay 0.0013% / 1h54m 52s$103K$1K10x
Short01 Exchange MONUSD0.025030.0272get 0.0034% / 1h54m 52s$7K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Bulk. 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

Funding earned
$36.12
Price spread: −0.681% → 0.000%
−$68.13
Slippage, 4 orders
no order book: not counted
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$46.01
Costs to cover
0.140%
Break-even
15.9 days
Slippage unknown: Bulk: live order book, 54 min ago; 01 Exchange: 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 54 min ago20.04 bp23.5 bp −$2459.0 bp −$590106.1 bp −$10.6K734.0 bp −$367.0K
Sell 01 Exchange no order-book sample
01 Exchange: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack MON_USDC_PERP−0.0012%1h0.02506−0.558%$114K$154K10xas long as short
Phoenix MON0.0000%1h0.02509−0.423%$12K$353K5xas long as short
Bybit MONUSDT+0.0032%8h0.02500−0.773%$20.6M$13.7M50xas long as short
Deribit MON_USDC-PERPETUAL+0.0070%1h0.02505−0.610%$74K$135K25xas long as short
Aftermath Perps MONUSD+0.0077%1h0.02513−0.279%$6K$98K10xas long as short
Orderly PERP_MON_USDC+0.0084%4h0.02505−0.590%$16K$48K10xas long as short
Lighter MON+0.0096%1h0.02506−0.550%$804K$786K10xas long as short
Paradex MON-USD-PERP+0.0099%8h0.02503−0.650%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02507−0.507%$401K$578K10xas long as short
Aster MONUSDT+0.0100%4h0.02506−0.555%$99K$221K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02507−0.520%$13K5xas long as short
Pacifica MON+0.0100%1h0.02505−0.578%$139K$93K3xas long as short
Binance MONUSDT+0.0100%4h0.02505−0.590%$23.8M$27.6M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02501−0.749%$4.2M$6.2M50xas long as short
Bulk MON-USDlong+0.0100%1h0.02520long leg$103K$1K10x
Gate MON_USDT+0.0100%4h0.02505−0.590%$938K$1.0M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02509−0.431%$2.9M$766K75xas long as short
Bitget MONUSDT+0.0100%4h0.02506−0.550%$2.7M$2.3M25xas long as short
Variational Omni MON+0.0100%8h0.02507−0.528%$743K$413Kas long as short
edgeX MONUSDC+0.0100%4h0.02513−0.275%$41K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02513−0.281%$558K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02509−0.431%$68K$532K50xas long as short
SoDEX MON-USD+0.0100%1h0.02504−0.630%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02508−0.473%$53K$262K10xas long as short
Aevo MON-PERP+0.0104%1h0.02503−0.657%$38K3xas long as short
Injective MON/USDC PERP+0.0109%1h0.02506−0.550%$5K$1085.5xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.02503−0.657%$6K50xas long as short
01 Exchange MONUSDshort+0.0272%1h0.02503−0.681%$7K$2K5x
BloFin MON-USDT+0.0340%4h0.02506−0.550%$1.3M$347K75xas long as short
Hyperliquid MON+0.0396%1h0.02508−0.455%$33.9M$7.8M5xas long as short
Perpl MON+0.0447%43m0.02505−0.598%$114K$2.2M10xas long as short
Coinbase International MON-PERP-INTX+0.0576%1h0.02542+0.898%$112K$55K50xas long as short
Kraken Futures PF_MONUSD+0.0843%1h0.02507−0.517%$269K$118K10xas long as short