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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%
Price spread now: OKX against Bybit0.000%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$700.698% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.114%+$11 on $10k
Price spread, last 7 days+0.030%+$3 · spread now 0.000%, 7d avg +0.043%
Together, before fees+0.144%+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.043% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MONUSDT0.025090.0100pay 0.0100% / 8h8m 25s$21.0M$13.9M50x
ShortOKX MON-USDT-SWAP0.025090.0100get 0.0050% / 4h8m 25s$4.2M$6.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bybit. 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
$0
Price spread: 0.000% → +0.043%
−$4.26
Slippage, 4 orders
−$48.77
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$74.03
Costs to cover
0.698%
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago2.00 bp18.0 bp −$1857.7 bp −$577doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago3.99 bp17.5 bp −$1882.8 bp −$828doesn't fitdoesn't fit

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
Injective MON/USDC PERP−0.0032%1h0.02505−0.159%$5K$1135.5xas long as short
Phoenix MON0.0000%1h0.02508−0.020%$13K$349K5xas long as short
Perpl MON0.0000%43m0.02511+0.076%$122K$2.1M10xas long as short
Deribit MON_USDC-PERPETUAL+0.0069%1h0.02510+0.052%$73K$138K25xas long as short
Lighter MON+0.0096%1h0.02511+0.080%$805K$785K10xas long as short
Paradex MON-USD-PERP+0.0100%8h0.02508−0.039%$8K$425xas long as short
Nado MON-PERP+0.0100%1h0.02513+0.159%$394K$578K10xas long as short
Aster MONUSDT+0.0100%4h0.02510+0.038%$99K$213K10xas long as short
dYdX MON-USD+0.0100%1h0.02508−0.046%$13K5xas long as short
Pacifica MON+0.0100%1h0.02510+0.048%$139K$91K3xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance MONUSDT+0.0100%4h0.02509+0.005%$23.8M$27.6M75xas long as short
Bybit MONUSDTlong+0.0100%8h0.02509long leg$21.0M$13.9M50x
OKX MON-USDT-SWAPshort+0.0100%4h0.025090.000%$4.2M$6.2M50x
Gate MON_USDT+0.0100%4h0.02511+0.080%$940K$1.1M50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02512+0.120%$2.9M$765K75xas long as short
Bitget MONUSDT+0.0100%4h0.02511+0.080%$2.7M$2.3M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02510+0.056%$109K$157K10xas long as short
Variational Omni MON+0.0100%8h0.02506−0.132%$743K$410Kas long as short
edgeX MONUSDC+0.0100%4h0.02507−0.086%$41K$250K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02508−0.026%$558K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02508−0.040%$68K$543K50xas long as short
Orderly PERP_MON_USDC+0.0100%4h0.025090.000%$16K$42K10xas long as short
SoDEX MON-USD+0.0100%1h0.025090.000%$5K$6K5xas long as short
Bulk MON-USD+0.0100%1h0.02510+0.040%$103K−$010xas long as short
Extended MON-USD+0.0104%1h0.02512+0.132%$47K$316K10xas long as short
Aevo MON-PERP+0.0104%1h0.025090.000%$38K3xas long as short
Hyperliquid MON+0.0160%1h0.02513+0.147%$34.0M$7.8M5xas long as short
01 Exchange MONUSD+0.0216%1h0.02511+0.076%$6K$3K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0231% / S −0.0246%1h0.025090.000%$6K50xas long as short
BloFin MON-USDT+0.0340%4h0.02507−0.080%$1.3M$334K75xas long as short
Aftermath Perps MONUSD+0.0589%1h0.02508−0.051%$4K$102K10xas long as short
Coinbase International MON-PERP-INTX+0.0680%1h0.02515+0.243%$111K$54K50xas long as short
Kraken Futures PF_MONUSD+0.1200%1h0.02512+0.110%$270K$118K10xas long as short