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

MON

all MON markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.013%
Price spread now: Pacifica against Bybit+0.150%7-day average +0.115% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$920.917% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.127%+$13 on $10k
Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.150%, 7d avg +0.115%
Together, before fees+0.141%+ Points / potential airdropPacifica: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Pacifica is 0.035% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.115%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit MONUSDT0.02526−0.0082get 0.0082% / 8h3h 54m$20.8M$13.4M50x
ShortPacifica MON0.025300.0100get 0.0013% / 1h54m 31s$140K$93K3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$38.24
Price spread: +0.150% → +0.115%
$3.51
Slippage, 4 orders
−$72.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$49.98
Costs to cover
0.917%
Break-even
16.1 days
Slippage from Bybit: live order book, 4 min ago; Pacifica: live order book, 63 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, 4 min ago1.99 bp19.7 bp −$2056.8 bp −$568doesn't fitdoesn't fit
Sell Pacifica live order book, 63 min ago5.97 bp36.7 bp −$37doesn't fitdoesn'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−0.0203%1h0.02507−0.772%$5K$1095.5xas long as short
Bybit MONUSDTlong−0.0082%8h0.02526long leg$20.8M$13.4M50x
Phoenix MON0.0000%1h0.02520−0.257%$12K$358K5xas long as short
Deribit MON_USDC-PERPETUAL0.0000%1h0.02529+0.115%$74K$136K25xas long as short
Orderly PERP_MON_USDC+0.0072%4h0.02528+0.059%$16K$34K10xas long as short
Paradex MON-USD-PERP+0.0096%8h0.02530+0.145%$8K$425xas long as short
Lighter MON+0.0096%1h0.02532+0.218%$849K$732K10xas long as short
Nado MON-PERP+0.0100%1h0.02528+0.056%$427K$578K10xas long as short
Hyperliquid MON+0.0100%1h0.02528+0.055%$34.0M$7.5M5xas long as short
Aster MONUSDT+0.0100%4h0.02528+0.053%$101K$222K10xas long as short
Show all 33 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX MON-USD+0.0100%1h0.02529+0.112%$13K5xas long as short
Pacifica MONshort+0.0100%1h0.02530+0.150%$140K$93K3x
Binance MONUSDT+0.0100%4h0.02530+0.124%$24.1M$26.9M75xas long as short
OKX MON-USDT-SWAP+0.0100%4h0.02524−0.099%$4.2M$6.0M50xas long as short
Bulk MON-USD+0.0100%1h0.02525−0.059%$104K$5K10xas long as short
Gate MON_USDT+0.0100%4h0.02531+0.178%$950K$978K50xas long as short
KuCoin MONUSDTM+0.0100%4h0.02530+0.139%$2.9M$756K75xas long as short
Bitget MONUSDT+0.0100%4h0.02530+0.139%$2.7M$2.2M25xas long as short
Backpack MON_USDC_PERP+0.0100%1h0.02532+0.210%$114K$151K10xas long as short
Variational Omni MON+0.0100%8h0.02521−0.215%$745K$410Kas long as short
edgeX MONUSDC+0.0100%4h0.02520−0.263%$41K$249K10xas long as short
GRVT MON_USDT_Perp+0.0100%4h0.02522−0.182%$565K$1.5M10xas long as short
ApeX Omni MONUSDT+0.0100%1h0.02521−0.218%$68K$512K50xas long as short
SoDEX MON-USD+0.0100%1h0.02528+0.059%$5K$6K5xas long as short
Extended MON-USD+0.0104%1h0.02532+0.218%$48K$519K10xas long as short
Aevo MON-PERP+0.0104%1h0.02527+0.040%$38K3xas long as short
01 Exchange MONUSD+0.0152%1h0.02532+0.202%$6K$1K5xas long as short
GMX MON/USD [ETH-USDC]L +0.0260% / S −0.0429%1h0.02529+0.099%$9K50xas long as short
Aftermath Perps MONUSD+0.0288%1h0.02521−0.198%$2K$74K10xas long as short
BloFin MON-USDT+0.0340%4h0.02526−0.020%$1.3M$341K75xas long as short
Coinbase International MON-PERP-INTX+0.0368%1h0.02524−0.099%$110K$57K50xas long as short
Perpl MON+0.0447%43m0.02529+0.095%$115K$2.3M10xas long as short
Kraken Futures PF_MONUSD+0.0721%1h0.02530+0.142%$272K$113K10xas long as short