Funding arb · Price arb /

MON

all MON markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0644%/8h= −70.5% APRpaid last 24h −0.221%

Price spread now: edgeX against Coinbase International+0.521%7-day average −0.561% · you sell dearer than you buy

Net, funding: paid 7d − costs−$394as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$3003.005% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.939%−$94 on $10k

Price spread, last 3 days (all we have)−1.187%−$119 · spread now +0.521%, 7d avg −0.561%

Together, before fees−2.126%+ Points / potential airdropedgeX: Active · farm board−$213 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 1.082% dearer against Coinbase International than usual: you sell high and buy low (spread +0.521% now, against its 7-day average of −0.561%): +$108 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International MON-PERP-INTX	0.02524	0.0744	pay 0.0093% / 1h	44m 55s	$110K	$51K	50x
Short	edgeX MONUSDC	0.02537	0.0100	get 0.0050% / 4h	2h 44m	$43K	$249K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now +0.521%Rate

Funding earned: −$135.24
Price spread: +0.521% → −0.561%: $108.22
Slippage, 4 orders: −$281.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$327.47
Costs to cover: 3.005%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 23 min ago; edgeX: live order book, 22 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 Coinbase International live order book, 23 min ago	29.90 bp	117.6 bp −$118	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 22 min ago	7.72 bp	20.0 bp −$20	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	−0.0388%	1h	0.02541	+0.670%	$6K	$106	5.5x	as long as short
01 Exchange MONUSD	−0.0032%	1h	0.02535	+0.416%	$6K	$1K	5x	as long as short
Phoenix MON	0.0000%	1h	0.02540	+0.630%	$13K	$349K	5x	as long as short
Deribit MON_USDC-PERPETUAL	0.0000%	1h	0.02527	+0.135%	$68K	$125K	25x	as long as short
Bybit MONUSDT	+0.0004%	8h	0.02525	+0.024%	$20.8M	$12.7M	50x	as long as short
Orderly PERP_MON_USDC	+0.0060%	4h	0.02526	+0.075%	$16K	$56K	10x	as long as short
Paradex MON-USD-PERP	+0.0095%	8h	0.02532	+0.323%	$8K	$42	5x	as long as short
Lighter MON	+0.0096%	1h	0.02528	+0.155%	$842K	$740K	10x	as long as short
Nado MON-PERP	+0.0100%	1h	0.02541	+0.657%	$406K	$542K	10x	as long as short
Aster MONUSDT	+0.0100%	4h	0.02528	+0.162%	$101K	$229K	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX MON-USD	+0.0100%	1h	0.02534	+0.412%	$13K	—	5x	as long as short
Pacifica MON	+0.0100%	1h	0.02535	+0.424%	$140K	$104K	3x	as long as short
Binance MONUSDT	+0.0100%	4h	0.02526	+0.082%	$24.1M	$25.9M	75x	as long as short
OKX MON-USDT-SWAP	+0.0100%	4h	0.02527	+0.115%	$4.2M	$5.9M	50x	as long as short
Bulk MON-USD	+0.0100%	1h	0.02535	+0.436%	$105K	$4K	10x	as long as short
Gate MON_USDT	+0.0100%	4h	0.02526	+0.075%	$946K	$896K	50x	as long as short
KuCoin MONUSDTM	+0.0100%	4h	0.02530	+0.234%	$2.9M	$744K	75x	as long as short
Bitget MONUSDT	+0.0100%	4h	0.02526	+0.075%	$2.7M	$2.0M	25x	as long as short
Backpack MON_USDC_PERP	+0.0100%	1h	0.02529	+0.210%	$117K	$160K	10x	as long as short
Variational Omni MON	+0.0100%	8h	0.02530	+0.218%	$761K	$411K	—	as long as short
edgeX MONUSDCshort	+0.0100%	4h	0.02537	+0.521%	$43K	$249K	10x
GRVT MON_USDT_Perp	+0.0100%	4h	0.02550	+1.044%	$573K	$1.5M	10x	as long as short
ApeX Omni MONUSDT	+0.0100%	1h	0.02537	+0.511%	$68K	$491K	50x	as long as short
SoDEX MON-USD	+0.0100%	1h	0.02526	+0.075%	$5K	$6K	5x	as long as short
Extended MON-USD	+0.0104%	1h	0.02531	+0.278%	$48K	$520K	10x	as long as short
Aevo MON-PERP	+0.0104%	1h	0.02525	+0.048%	$38K	—	3x	as long as short
GMX MON/USD [ETH-USDC]	L +0.0260% / S −0.0429%	1h	0.02529	+0.186%	$9K	—	50x	as long as short
BloFin MON-USDT	+0.0340%	4h	0.02549	+0.986%	$1.4M	$310K	75x	as long as short
Aftermath Perps MONUSD	+0.0343%	1h	0.02545	+0.815%	$4K	$76K	10x	as long as short
Hyperliquid MON	+0.0411%	1h	0.02533	+0.353%	$34.6M	$7.6M	5x	as long as short
Perpl MON	+0.0447%	43m	0.02536	+0.456%	$114K	$2.1M	10x	as long as short
Coinbase International MON-PERP-INTXlong	+0.0744%	1h	0.02524	long leg	$110K	$51K	50x
Kraken Futures PF_MONUSD	+0.0846%	1h	0.02529	+0.197%	$275K	$88K	10x	as long as short